Agency
In New Mexico, what is the agent's duty of 'diligence' in representing a seller?
AAccepting any offer regardless of terms
BActively and competently marketing the property, following up on leads, and pursuing actions in the seller's best interest✓ Correct
CDisclosing confidential information to attract more buyers
DReducing the listing price weekly
Explanation
Diligence requires the agent to work actively on the client's behalf—aggressively marketing, promptly following up on inquiries, presenting offers, and taking all reasonable actions to advance the seller's interests.
Related New Mexico Agency Questions
- In New Mexico, a broker who represents neither the buyer nor the seller and assists in a transaction with limited duties is known as a:
- In New Mexico, when a listing broker's firm also has a buyer who wants to purchase the listing, the qualifying broker may appoint:
- In New Mexico, a buyer's agent who also receives compensation from the seller must:
- In New Mexico, when a seller's agent learns that the seller is experiencing financial distress and may accept below-market value, the agent must:
- In New Mexico, which of the following is an example of 'puffing' that does NOT constitute actionable misrepresentation?
- If a New Mexico buyer's agent discovers the property has an undisclosed unpermitted addition, the agent should:
- In New Mexico, a seller's agent is obligated to present offers even after the seller has accepted another offer if:
- In New Mexico, what is the effect of a seller revoking a listing agreement before its expiration date?
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 →