New Mexico § 48-12-2 Definitions

New Mexico Statutes

§ 48-12-2 — Definitions

New Mexico § 48-12-2

Ch. 48Liens and Mortgages

Art. 12Commercial Real Estate Broker Liens

This text of New Mexico § 48-12-2 (Definitions) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 48-12-2 (2026).

Text

As used in the Commercial Real Estate Broker Lien Act: A. "broker" means a person licensed as a qualifying broker under the provisions of Chapter 61, Article 29 NMSA 1978; and B. "commercial real estate" means any real estate other than:

(1)real estate on which no buildings or structures are located and that is zoned for single-family residential use; or (2) real estate containing one or more single-family residential units, including apartments, condominiums, town houses or homes in a subdivision when sold, leased or otherwise conveyed on a unit-by-unit basis.

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As used in the Commercial Real Estate Broker Lien Act: A. "broker" means a person licensed as a qualifying broker under the provisions of Chapter 61, Article 29 NMSA 1978; and B. "commercial real estate" means any real estate other than: (1) real estate on which no buildings or structures are located and that is zoned for single-family residential use; or (2) real estate containing one or more single-family residential units, including apartments, condominiums, town houses or homes in a subdivision when sold, leased or otherwise conveyed on a unit-by-unit basis.