New Mexico License Law
In New Mexico, which of the following statements about the NM Seller's Property Disclosure Statement is TRUE?
AOnly buyers must sign it
BSellers must complete it disclosing known material defects, and buyers should receive it before making an offer✓ Correct
CIt guarantees the property is free of defects
DIt is optional in New Mexico
Explanation
The New Mexico Seller's Property Disclosure Statement requires sellers to disclose known material defects in the property. While buyers should receive it before making an offer, the disclosure does not guarantee a defect-free property.
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