In New Mexico, a broker advertises real property the broker owns or partially owns. Which statement is correct?
Correct Answer
B) 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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Related Concepts
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
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