BASIC LICENSEE DUTIES

 REALTORS ASSOCIATION OF NEW MEXICO

(1) Honest and reasonable care; as set forth in the provisions of this. 

(2) Compliance with local, state and federal fair housing and anti-discrimination laws, the New Mexico Real Estate License law and the Real Estate Commission Rules and Regulations, and other applicable local, state and federal laws and regulations.

(3) Performance of any and all oral or written agreements made with the Licensee's Customer or Client;

(4) Assistance to the Licensee's Customer or Client in completing the Transaction, unless otherwise agreed to in writing by the Customer or Client, including:

A. Presentation of all offers or counter offers in a timely manner;

B. Assistance in complying with the terms and conditions of the contract and with the closing of the Transaction.

If the Licensee in a Transaction is not providing the service, advice or assistance described in paragraphs 4 A and B, the Customer Client must a agree in writing that the Licensee is not expected to provide such service advice or assistance, and the Licensee shall disclose such agreement tin writing to the other Licensees involved in the transaction;

(6) Prompt accounting for all monies or property received by the Licensee;

(7) Prior to the time the Licensee generates or presents any written document that has the potential to become an Express Written Agreement, written disclosure of (a) and written Brokerage Relationship the Licensee has with any other Parties to the Transaction and /or (b) and material interest  or relationship of a business, persona, or family nature that eh Licensee has in the Transaction;

(8) Disclosure of any adverse material facts actual known by the Licensee about the property of the Transaction, or about the financial ability of the Parities to the Transaction to completer the Transaction. Adverse material facts do not include data from a sex offender registry of the existence of  group homes;

(9) Maintenance of any confidential information learned in the course of any prior Agency relationship unless the disclosure is with the former Client's consent or is required by law;

(10) Unless other wise authorized in writing, a licensee shall not disclose to their Customer of Client during the transaction that their seller client or customer has previously indicated they will accept a sales price less that the asking or listed price of a property; that their buyer  client or customer has previously indicated they will pay a sales price greater that the price submitted in written offer; the motivation of any party for selling or buying property; that their seller client or customer for  their buyer client of customer will agree to financing terms other than those offered; or any other information requested in writing by the Licensee's Customer or Client to remain confidential, unless disclosure is required by law.