Agency
In New Mexico, which agency relationship is created when a seller signs an exclusive right-to-sell listing agreement with a broker?
ATransaction brokerage
BSeller's agent (seller's representative)✓ Correct
CDual agency
DBuyer's agent
Explanation
An exclusive right-to-sell listing agreement creates a seller's agency relationship: the broker is the seller's agent, with fiduciary duties of loyalty, confidentiality, disclosure, obedience, reasonable care, and accounting.
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