In New Mexico, a broker receives written offers or counteroffers. Which statement is correct?
Correct Answer
D) Broker duties include prompt presentation of and response to all written offers and counteroffers
New Mexico broker duties include prompt handling of written offers and counteroffers. 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
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Key Terms:
Related Concepts
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
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