Agency
A New Mexico licensee who simultaneously represents competing buyers for the same property is in a conflict of interest because:
AOnly one buyer can win, so it is permissible
BThe agent owes loyalty and confidentiality to each client, making it impossible to fully represent both without disclosure and consent✓ Correct
CNMREC prohibits showing a property to more than one buyer
DOnly the first buyer represented has any legal standing
Explanation
Representing competing buyers for the same property creates a conflict—the agent cannot fully advocate for both clients' financial interests without compromising one. Full disclosure to both and written consent are required.
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