Agency
In New Mexico, a buyer's agent who also receives compensation from the seller must:
ARefund that compensation to the seller
BDisclose this arrangement to the buyer and obtain their consent✓ Correct
CSplit the compensation equally between buyer and seller
DReport the arrangement to the NMREC immediately
Explanation
When a buyer's agent receives compensation from the seller (such as through cooperative compensation), they must disclose this to the buyer. NAR's recent settlement also changed rules around buyer compensation disclosure.
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