New Mexico

State Website

Sustainability Resources

The Real Estate industry is one of the most environmentally damaging industries in the world accounting for:

30%

of total carbon dioxide

40%

of all energy

40%

of all raw materials

Our goal is to give you the resources you need to take sustainable action in improving, building, retrofitting and revamping your home. The impacts are real, the benefits significant, and the need critical. Join us in bringing sustainability home and creating a brighter future for all, starting with you.

Save money and do the world a favor!
Here's a list of Sustainability Initiatives in the area:

WaterSense Webinars

WaterSense, a subset of the US EPA, puts on sustainability webinars that have different focuses.

Learn More

Database of State Incentives for Renewables and Efficiency

DSIRE's incentive and policy search tool allows you to search energy incentives and policies by state.

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Solar Incentives, Rebates and Tax Breaks by State

Energy Sage's Solar Savings by State tool allows you to search your state for solar rebates, incentives, and tax breaks.

Learn More

New Mexico FAQs

Is New Mexico a judicial or non-judicial state?

Judicial

In a judicial foreclosure state, the lender must go through the court system in order to foreclose on a property. This process can be longer and more expensive for the lender compared to a non-judicial foreclosure.

What is the process of closing on a property in New Mexico?

Real estate closings are conducted through escrows. Conveyance is by warranty or quitclaim deed. Deeds of trust and mortgages are the security instruments. Foreclosures require judicial proceedings, and there’s a 9-month redemption period after judgment. New Mexicans use ALTA owner’s policies, lender’s policies, and construction and leasehold policies; they also use endorsements. Buyers and sellers share escrow costs equally; sellers pay the title insurance premiums. There are no documentary, mortgage, or transfer taxes. Property taxes are payable November 5th and April 5th. New Mexico is a community-property state.

Property Taxes in New Mexico?

Payable November 5th and April 5th

In New Mexico, does a property management company require a real estate broker's license?

YES. Managing property is expressly considered a real estate activity under existing New Mexico real estate licensing laws, and requires a broker's license. According to the Real Estate Brokers statute, â??Property Managementâ?? is defined as including: the showing, renting and leasing of real property, the collection and disbursement of funds on behalf of other persons, the supervision of employees as specified in the management agreement, the supervision of maintenance and repair work, handling of tenant relations, and/or preparation of financial reports.

Are there any exceptions to the requirement that a property manager have a broker's license in New Mexico?

YES. For example, employees of the property owner or of qualifying broker, acting on the owner's or broker's behalf with respect to the property, if the acts are performed in the regular course of or incident to the management of the property. For more information about these and other New Mexico property management requirements and exceptions, please contact the New Mexico Real Estate Commission. Before hiring a property manager to manage your New Mexico rental property, you should always check that he or she is licensed appropriately. You can check the license status of New Mexico property managers at the New Mexico Regulation and Licensing Department "Look Up A License" webpage.