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AgencyDual AgencyHARD

In New Mexico, a brokerage would represent both buyer client and seller client in the same transaction. Which statement is correct?

Correct Answer

B) Before writing or presenting offers, a dual agent must obtain written authority from both clients in a separate dual agency agreement

New Mexico dual agency requires separate written authority from both clients before offers are written or presented. Source basis: 16.61.19 NMAC, Broker Duties, Disclosure, Brokerage Relationships, and Dual Agency Relationships; checked 2026-04-30.

Answer Options
A
Dual agency eliminates confidentiality limits automatically
B
Before writing or presenting offers, a dual agent must obtain written authority from both clients in a separate dual agency agreement
C
Dual agency can be created silently by showing property
D
Only one client needs to consent

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Related Topics & Key Terms

Related Topics:

nm.S3dual-agency

Key Terms:

new mexiconm.S3dual-agencydual-agency-written-authority
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