Wholesaling Uncovered: Risks, Laws, and Real Estate Realities

$59

This product includes:

LICENSE RENEWAL PERIOD: 3 YEARS Elective Hours: 4 Mandatory: 0 Total Hours: 4

Description

State Requirements

Real estate wholesaling is not a new concept, but its practice, regulation, and public perception have changed significantly in recent years. For real estate professionals navigating a market where wholesaling is becoming more popular and increasingly problematic, understanding its legal, ethical, and professional implications is more important than ever.

This four-hour course provides a straightforward examination of wholesaling: how it operates, when it crosses legal and ethical boundaries, and why it faces greater scrutiny from lawmakers and the public. You’ll examine how some investors use wholesaling as a legitimate and transparent strategy to build wealth, while others exploit it to bypass licensing requirements, mislead sellers and buyers, and disrupt housing stability, particularly in vulnerable communities.

Whether you are new to wholesaling, advising clients involved, or simply looking to avoid legal issues, this course is designed for you.

Course highlights include:

Differences between wholesaling and traditional real estate transactions
Pros and cons of wholesaling
State laws and licensing implications for wholesaling
Identifying red flags with wholesaling
Ethical pitfalls in wholesaling
Recognizing predatory patterns
When wholesaling becomes illegal
Collateral damage, legal fallout, and civil penalties
Wholesaling's impact on housing markets and housing inequity
Wholesaling and technology
Interactive activities, case studies, and scenarios to frame the content in everyday context

Package Content:

State Requirements For New Mexico

New Mexico State Requirement Detail for Real Estate Continuing Education

Renewal Date: Every three years

Hours Required: 42 hours

Qualifying Brokers:

42 CE credit hours required every 3 years including:
- 12 hours: annual core courses (4-hour core course required in each year of the broker's licensing cycle)
- 8 hours: core elective courses
- 6 hours: qualifying broker refresher course
- 4 hours: ethics
- 12 hours: education electives

QBs must attend either a NMREC Commission Meeting or a NMREC Disciplinary Hearing once in their 3-year cycle for up to 3 hours or to the meeting or hearing adjournment into Executive Session whichever is first.

The CE Shop’s Offering: 24 hours

Reporting: The state does not require schools to report course completions.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Final Exams: Final exams must be passed with at least a 75% and may be taken as many times as necessary in order to pass.

Certificates: Immediately upon real estate course completion, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your renewal application to determine if you need to submit your certificate(s) of completion with your renewal. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

Post-Licensing: Associate Brokers licensed for the first time must complete the 30-hour New Broker Practices course within their first year of licensure. The CE Shop does not offer this course at this time.

License Renewal Process: The process to renew in this state is to log in to the licensing system online and follow the prompts to renew.

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