A New Mexico broker asks about a broker advertises real property the broker owns or partially owns. What is the best answer?
Correct Answer
A) The advertisement, sign, listing contract, purchase agreement, or lease should disclose the broker’s ownership interest where required
New Mexico owner-brokers must disclose ownership in required advertising and documents. Source basis: 16.61.32 NMAC, Real Estate Advertising: true and factual advertising, brokerage trade name and current brokerage office telephone number, owner-broker disclosure; checked 2026-04-30.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
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