Agency
In New Mexico, a listing broker places a property in the MLS and offers buyer's brokers a 3% co-op commission. This offer is:
AA legally binding contract between the listing and buyer's broker
BA unilateral offer to cooperate that becomes binding when a buyer's broker produces a ready, willing, and able buyer✓ Correct
COptional and not enforceable
DProhibited under NMREC rules
Explanation
An MLS co-op commission offer is a unilateral offer to cooperate. When a buyer's broker produces a qualified buyer who closes the transaction, a bilateral contract forms and the co-op commission becomes payable per the MLS terms.
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