The four stages of a business cycle. Depending on whom you speak to, the four stages of a business cycle are as follows: 1. The recovery phase or upswing. This is a phase where the economy âtroughsâ out. As the economy recovers from a recession, businesses start building up their stock levels in anticipation of increased sales.
1 Complete 90 hours of pre-licensing education. 2  Not have been convicted of a felony or a crime involving moral turpitude. 3  Not have had a real estate application or license rejected or revoked in any state within the past two years. Show proof of high school graduation or GED. 2  Not have been convicted of a felony or a crime involving moral turpitude. 3  Not have had a real estate application or license rejected or revoked in any state within the past two years.
Professional License Restrictions. Those who have âbeen convicted of any felony or of any crime involving moral turpitude in the courts of this state or any other state, territory, or countryâ are subject to having their application denied on account of their conviction. New Mexico only allows occupational licensing authorities to disqualify applicants from felony or misdemeanor convictions involving âmoral turpitudeâ if they are directly related to the position or license sought. [vi].