Funds in excess of what amount are transferred to the New Mexico Real Estate Commission?

The correct amount for funds transferred to the New Mexico Real Estate Commission is $150,000. This amount represents the threshold established by law, indicating that any funds exceeding this limit are to be deposited into the commission's account. This practice ensures that the commission has adequate funding for regulatory activities, consumer protection, and administrative functions concerning real estate practices in New Mexico. Understanding this threshold is crucial for brokers and real estate professionals, as it helps them manage their financial practices within the bounds of state regulations and ensures compliance with the law.