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Section 2 Brokerage Relationships in New Mexico Unit 1 Brokerage Relationships in New Mexico exam
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Section 2 Brokerage Relationships in New Mexico Unit 1 Brokerage Relationships in New Mexico exam
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Section 2: Brokerage Relationships inNew Mexico Unit 1: Brokerage
Relationships in New Mexico exam with
verified solutions
A New Mexico broker is working as a transaction broker. Which of the
following statements must be true? - answer The licensee functions as a
facilitator in the transaction.
When must a broker provide a prospect with the disclosure of broker
duties? - answer Before presenting a brokerage relationship agreement.
Which of the following are duties owed by an agent but NOT by a
transaction broker? - answer Obedience and Loyalty
It's important in New Mexico that all prospective customers and clients be
given the basic broker disclosures _______. - answer Before creating an
express written brokerage relationship agreement
Which of the following is a duty you owe to parties for whom you are
directly providing brokerage service but not to parties to the transaction
for whom you are not directly providing brokerage services ? - answer
Assist them to comply with the terms of the contract and to successfully
perform the contract.
Silas is a New Mexico broker acting as a transaction broker with an
expressed written listing agreement. He has shown a buyer a number of
properties and now realizes that his listing would probably be exactly
what the buyer wants. How should Silas handle this situation? - answer
Silas should help the buyer and seller to come to mutual agreement about
the sale terms.
A New Mexico licensee is selling a home for the Andersons. The Wilkeses
are interested in buying the Andersons' property. Which one of the
following duties does the licensee owe both the Andersons and the
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