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New Mexico Statutes Chapter 48. Liens and Mortgages § 48-12-2. Definitions

Current as of January 01, 2024 | Updated by Findlaw Staff

As used in the Commercial Real Estate Broker Lien Act:

A. “broker” means a person licensed as a qualifying broker under the provisions of Chapter 61, Article 29 NMSA 1978; and

B. “commercial real estate” means any real estate other than:

(1) real estate on which no buildings or structures are located and that is zoned for single-family residential use; or

(2) real estate containing one or more single-family residential units, including apartments, condominiums, town houses or homes in a subdivision when sold, leased or otherwise conveyed on a unit-by-unit basis.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 48. Liens and Mortgages § 48-12-2. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-48-liens-and-mortgages/nm-st-sect-48-12-2/

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