Which of the following powers does the New Mexico Real Estate Commission have?

The New Mexico Real Estate Commission has the authority to conduct investigations and hearings. This power is essential because it enables the Commission to enforce real estate laws and regulations effectively. By investigating complaints and holding hearings, the Commission can address any potential violations of real estate statutes and ensure that licensees adhere to ethical and legal standards. This oversight helps maintain the integrity of the real estate profession in New Mexico and protects consumers from fraudulent or unethical practices within the industry.

In contrast, setting property tax rates, determining zoning laws, and regulating property appraisers are functions typically handled by other governmental entities. Property tax rates are generally set by local government agencies or tax authorities, zoning laws are determined by city or county planning departments, and property appraisers are regulated by appraisal boards or agencies, not the Real Estate Commission. Thus, the ability to conduct investigations and hearings is a fundamental responsibility of the New Mexico Real Estate Commission, distinguishing it within the regulatory framework of real estate in the state.