New Mexico License Law
In New Mexico, which of the following best describes a 'pocket listing'?
AA listing for a property with a pocket-sized lot
BA listing that is not entered into the MLS and is marketed only within the listing broker's network✓ Correct
CA listing that expires before any offers are received
DA reduced-commission listing
Explanation
A pocket listing is withheld from the MLS and marketed privately. While legal, NMREC rules require licensees to advise sellers of the implications of not entering the MLS, as wider exposure typically produces higher offers and is in the seller's best interest.
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