Agency
In New Mexico, 'material facts' that a licensee must disclose include all of the following EXCEPT:
AKnown structural defects
BEnvironmental hazards on the property
CThe seller's reason for moving✓ Correct
DDeath on the property within the last 3 years (in some circumstances)
Explanation
Material facts include physical defects, environmental hazards, legal issues, and certain stigmas (deaths, crimes). The seller's personal motivation for selling is confidential client information, not a material fact requiring disclosure.
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