Agency
In New Mexico, an 'exclusive buyer's agency agreement' means:
AThe buyer can work with any broker at the same time
BThe buyer is contractually obligated to work only with the named broker for a specified period✓ Correct
CThe broker agrees to show only exclusive listings
DNo commission is owed if the buyer finds a property independently
Explanation
An exclusive buyer's agency agreement binds the buyer to work exclusively with the named broker for a specified time. Commission may be owed even if the buyer finds a property independently, depending on the agreement's terms.
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