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New Mexico Real Estate Agent Listing Agreement

A New Mexico real estate agent listing agreement enables a real estate agent to represent an individual in selling real property. After signing this type of contract, the agent is responsible for marketing the property in exchange for a commission rate specified in the agreement.
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Agency Disclosure

In accordance with New Mexico real estate license law, real estate brokers must present each potential client with a disclosure statement of a broker’s duties and obligations.[1]

Dual Agency

A real estate agent may act as a dual agent (in the capacity of a facilitator) to both buyer and seller in a real property transaction. Prior to any written agreement, both parties must provide written consent.[2]

Tax Levy

Prior to a seller accepting an offer, the seller or their agent must obtain an estimated property tax levy which will show the new owner the assessment and property taxes on the property.[3]

Property Disclosure Statement

There is no requirement in New Mexico for the seller to disclose any information to a buyer. Although, it is recommended, as a sign of good faith, that the seller completes a property disclosure form to inform the buyer about any necessary details about the property.[4]

Search a Licensee

Provide as much information as possible on the New Mexico Regulation & Licensing Department website to search for a real estate licensee.