Agency
In New Mexico, a licensee who is buying or selling property for their own account must disclose to the other party:
ANothing—licensees have the same rights as any buyer or seller
BThat they are a licensed real estate professional✓ Correct
CAll of their financial information
DThe disclosure is only required if they are also acting as the agent in the transaction
Explanation
New Mexico law requires licensees to disclose their licensed status when buying or selling real estate for their own account. This prevents them from using their professional knowledge without the other party's awareness.
Related New Mexico Agency Questions
- In New Mexico, can a buyer's agent and listing agent from the same brokerage each represent their respective clients in the same transaction?
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