Agency
In New Mexico, an agent's duty of 'reasonable care and diligence' requires the agent to:
AGuarantee the property will sell at the listing price
BExercise the degree of skill, care, and expertise that a reasonably competent real estate professional would use under similar circumstances✓ Correct
CBe available 24 hours a day
DHold a law degree
Explanation
The duty of reasonable care and diligence requires a licensee to perform to the standard of a competent real estate professional — applying appropriate knowledge, skill, and effort in representing the client's interests.
Related New Mexico Agency Questions
- In New Mexico, an agent's duty to their client ends when:
- In New Mexico, which fiduciary duty requires an agent to act with the skill, care, and diligence of a reasonably competent real estate professional?
- In New Mexico, which of the following would constitute unauthorized practice of law by a real estate agent?
- In New Mexico, which of the following is an example of an agent's breach of the fiduciary duty of 'accounting'?
- In New Mexico, an agent who represents a buyer but assists in drafting a stronger offer against the seller's interests is:
- In New Mexico, the most common reason earnest money disputes arise between buyer and seller is:
- In New Mexico, an agent may represent both the buyer and seller in the same transaction only if:
- In New Mexico, 'ratification' of an agent's unauthorized act occurs when:
Practice More New Mexico Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Mexico Quiz →