Agency
In New Mexico, which of the following is an example of an agent properly fulfilling their duty of 'disclosure' to a buyer client?
ATelling the buyer the seller's bottom-line price
BInforming the buyer that the property is in a 100-year floodplain✓ Correct
CTelling the buyer that another offer is contingent
DDisclosing the listing agreement terms
Explanation
Informing the buyer of the property's flood zone designation is a material fact disclosure—a proper fulfillment of the buyer's agent's duty to share information affecting the buyer's decision. Flood insurance and risk are material concerns.
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