What is the maximum imprisonment term for individuals practicing real estate without a license?

The maximum imprisonment term for individuals practicing real estate without a license is 18 months. This reflects the seriousness with which illegal practice in the real estate industry is treated in New Mexico. Engaging in real estate transactions without the proper licensing undermines regulatory systems designed to protect consumers, ensure professionalism, and maintain industry standards. As a deterrent to unauthorized practice, the state imposes significant penalties, including imprisonment, to emphasize the importance of compliance with licensing requirements.

Understanding the legal ramifications for unlicensed activity is crucial for real estate professionals to ensure they operate within the bounds of the law and uphold the integrity of the profession. This framework protects both the public and those working legally in the field.