New Mexico License Law
In New Mexico, real estate licensees are required to use or recommend use of which type of legal forms in transactions?
ACustom forms drafted by the listing agent
BNMREC-approved standard forms or attorney-drafted forms appropriate for the transaction✓ Correct
COnly HUD-approved forms
DForms prepared by the title company only
Explanation
New Mexico NMREC recommends use of approved standard forms. Agents should use industry-standard forms approved or reviewed for NM law, or attorney-drafted forms.
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