Contracts
A New Mexico seller's property disclosure form is signed by the seller before listing. What does the buyer do after receiving it?
AThey must accept it without comment
BThey acknowledge receipt, review it, and may use the information in negotiating or deciding whether to proceed✓ Correct
CThey must immediately waive their inspection rights
DThey return it to the NMREC
Explanation
The buyer acknowledges receipt of the NM Seller's Property Disclosure Statement and can use the disclosed information to negotiate repairs, credits, or price reductions, or to decide whether to proceed with the purchase.
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