New Mexico

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:

FSC Supplier/Product Search

The Forest Stewareship Council provides user with a search tool to find essential materials and products for those looking to do home renovation based on their location. The FSC works to prohibit deforestation, wildlife habitat, and water quality, tightly restrict the use of hardous chemicals, ensure forests are mananged at sustainable rates of growth and harvesting, protect rare old growth forests and the right of indigenous Peoples. They are the gold standard of forest management and their search tool can be used in the US, Canada, and Mexico.

Learn More
Easy Composting Unit/Worm Farm

This product is a worm farm/compost bin that is easily implementable in an urban or suburban environment. The product is affordable, self-containing, improves soil health and waste management!

Learn More
Airbnb Social Impact Experiences

This is a TechSoup tool that can be used to create an AirBnB Social Impact Experience.

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.
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.

Do you need a broker's license to manage community associations in New Mexico?

There is no requirement that a community association manager or condo association manager in New Mexico hold a real estate broker's license.

New Mexico Real Estate Broker Requirements

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.

New Mexico Real Estate Salesperson Requirements

Payable November 5th and April 5th

How do property ownership transfers work in New Mexico?

Warranty or quitclaim deed.

Cities