Agency
A seller's agent in New Mexico has a fiduciary duty to:
AThe buyer, because they are paying the commission
BBoth the buyer and the seller equally
CThe seller only✓ Correct
DThe New Mexico Real Estate Commission
Explanation
A seller's agent owes fiduciary duties exclusively to the seller. These duties include loyalty, confidentiality, disclosure, obedience, reasonable care, and accounting.
Related New Mexico Agency Questions
- In New Mexico, an agent who represents a buyer but assists in drafting a stronger offer against the seller's interests is:
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