Agency
In New Mexico, an agent who represents the seller is required to disclose to prospective buyers which of the following?
AThe seller's lowest acceptable price
BMaterial defects known to the agent that affect the property's value✓ Correct
CThe seller's motivation for selling
DThe seller's financial situation
Explanation
Even a seller's agent must disclose known material defects to buyers — this is an ethical and legal obligation that overrides client confidentiality when property defects could affect the buyer's decision.
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