Agency
In New Mexico, when does a buyer's broker agreement become enforceable?
AWhen the buyer verbally agrees to work with the broker
BWhen a written buyer's broker agreement is signed by both the buyer and the broker✓ Correct
CWhen the broker shows the buyer a property
DAt the time of closing
Explanation
A buyer's broker agreement must be in writing and signed by both parties to be enforceable in New Mexico. Verbal agreements to represent buyers are unenforceable for compensation claims.
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