Agency
In New Mexico, 'informed consent' to dual agency or designated agency requires that the client:
ASigns any form the broker provides
BUnderstands the nature of the agency relationship, the potential conflicts of interest, and voluntarily agrees to the arrangement in writing✓ Correct
COnly needs to verbally agree
DAgrees before the first showing
Explanation
Informed consent requires that the client receive a clear explanation of the dual or designated agency relationship, understand the implications (particularly the conflict between representing both buyer and seller), and provide voluntary written consent.
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