Under New Mexico's Brokerage Relationships in Real Estate Transactions Act, which type of brokerage relationship allows a licensee to assist both the buyer and the seller in the same transaction without representing either party as a fiduciary agent?
Correct Answer
D) Transaction brokerage
Under NMSA 1978, §§ 61-29-1 through 61-29-22, New Mexico recognizes transaction brokerage as a relationship in which the licensee facilitates the transaction and assists both parties but does not act as a fiduciary agent for either the buyer or the seller. This is a distinct relationship category recognized in New Mexico law.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
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