Agency
In New Mexico, when does a buyer's agent's fiduciary duty to the buyer begin?
AWhen the buyer first contacts the agent
BWhen a written buyer representation agreement is signed✓ Correct
CWhen the buyer makes an offer
DAt the closing table
Explanation
Full fiduciary duties (loyalty, confidentiality, disclosure, obedience, diligence, accounting) to a buyer are established when the written buyer representation agreement is executed. Before this, the agent owes only ministerial duties.
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