Agency
In New Mexico, a broker working with a buyer who does NOT have a buyer's agency agreement must disclose to the buyer that:
AThe buyer must pay the commission
BThe broker's duties are limited and may not include full fiduciary advocacy on the buyer's behalf✓ Correct
CThe broker represents the seller and cannot show the buyer any properties
DThe buyer must work with the broker for 90 days
Explanation
Without a buyer's agency agreement, the broker cannot be the buyer's agent and must disclose the limited nature of their relationship (transaction broker or seller's agent). This disclosure is required at first substantial contact.
Related New Mexico Agency Questions
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