New Mexico License Law
In New Mexico, a 'net listing' is:
AStandard practice in commercial real estate
BDiscouraged or discouraged in New Mexico because of the inherent conflict of interest between broker and client✓ Correct
CRequired for luxury properties
DMandatory for agricultural land transactions
Explanation
Net listings create a conflict of interest—the broker profits by keeping everything above the seller's minimum net. New Mexico, like most states, strongly discourages net listings, and NMREC may view them as a violation of fiduciary duty.
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