New Mexico License Law
A New Mexico qualifying broker who is retiring wants to transfer all active listings to another broker. The qualifying broker must:
ASimply hand the files to the new broker
BObtain written consent from each seller to reassign the listing agreement to the new broker, as listings are contracts between the seller and the brokerage✓ Correct
CAllow the listings to expire naturally
DNotify NMREC and transfer without seller consent
Explanation
Listing agreements are contracts between the seller and the brokerage. To reassign listings to a different brokerage requires the seller's written consent — the seller must agree to terminate the existing listing and enter a new agreement with the new broker.
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