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. History: Laws 2014, ch. 38, § 2. ANNOTATIONSEffective dates. — Laws 2014, ch. 38, § 8 made Laws 2014, ch. 38, §§ 1 through 7, the Commercial Real Estate Broker Lien Act, effective July 1, 2014.
New Mexico Legal Code