Agency
Which of the following best describes a buyer's agent in New Mexico?
AA licensee who only owes duties to the seller
BA licensee who represents the buyer's best interests under a written agreement✓ Correct
CA licensee who shows properties but has no agency relationship
DA licensee who is paid exclusively by the buyer
Explanation
A buyer's agent represents the buyer's best interests, typically under a written buyer agency agreement, and owes fiduciary duties to the buyer.
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