Agency
In New Mexico, an exclusive right-to-sell listing gives the broker:
AThe right to sell only if they find the buyer themselves
BCommission regardless of who procures the buyer during the listing period✓ Correct
CCommission only if the seller accepts the listed price
DThe right to sell the property at any price they choose
Explanation
An exclusive right-to-sell listing entitles the listing broker to a commission regardless of who sells the property during the listing period, including the seller themselves.
Related New Mexico Agency Questions
- In New Mexico, a real estate licensee who assists their own family member in buying a home must:
- In New Mexico, a 'designated agency' allows a brokerage to:
- In New Mexico, which of the following best describes the 'reasonable care' standard for real estate agents?
- A New Mexico listing broker receives an offer below the asking price. The broker must:
- In New Mexico, what is the effect of a seller revoking a listing agreement before its expiration date?
- In New Mexico, which agency relationship is created when a seller signs an exclusive right-to-sell listing agreement with a broker?
- Which type of agency relationship is created when a buyer signs a buyer representation agreement with a New Mexico broker?
- In New Mexico, which of the following is an example of 'puffing' that does NOT constitute actionable misrepresentation?
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 →