A New Mexico broker asks about a broker knows an adverse material fact or has a potential conflict of interest. What is the best answer?
Correct Answer
B) The broker must make required written disclosures of known adverse material facts and potential conflicts of interest
New Mexico broker duties include written disclosure of known adverse material facts and potential conflicts. Source basis: 16.61.19 NMAC, Broker Duties, Disclosure, Brokerage Relationships, and Dual Agency Relationships; checked 2026-04-30.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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