REALTORS ASSOCIATION OF NEW MEXICO LISTING AGREEMENT 2025

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The document is a Listing Agreement for the Exclusive Right to Sell real estate in New Mexico, outlining the duties and responsibilities of the Broker and Seller. It includes sections on broker duties, seller obligations, compensation, non-discrimination laws, and mediation procedures. The agreement emphasizes transparency in brokerage relationships and compliance with legal requirements while providing a framework for the sale of property.

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Click ‘Get Form’ to open the REALTORS ASSOCIATION OF NEW MEXICO LISTING AGREEMENT in our editor.
Begin with Part I, where you will acknowledge receipt of Broker Duties by signing or initialing at the bottom of the page. This section outlines the obligations of the broker and is crucial for understanding your rights.
Proceed to Part II, where you will fill in details about the seller and property. Ensure that all fields regarding seller's status, existing agreements, and property descriptions are accurately completed.
In the 'Exclusive Services' section, clearly state the terms of your agreement with the broker. Specify any exclusions and ensure that all parties understand their responsibilities.
Review sections on Broker's Compensation and Seller's Obligations carefully. Fill in any necessary information regarding compensation terms and ensure compliance with your obligations as a seller.
Finally, sign and date the agreement at the end of the document. Make sure all signatures are collected before finalizing.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a real estate contract in New Mexico?

A New Mexico real estate contract is a legal agreement that is executed between a party selling a property (seller) and a party who is offering to buy the property (buyer). This contract is typically prepared by the buyer or the buyers real estate agent once an offer is made.

What is the difference between a listing agreement and an agency agreement?

With an Exclusive Right to Sell agreement, the listing agent earns a commission no matter who sells the propertyeven if the seller finds the buyer. In contrast, with an Exclusive Agency agreement, the seller can avoid paying a commission if they find the buyer themselves, without any help from the agent.

Is a listing agreement legal?

A listing agreement is a crucial document that establishes the relationship between a real estate broker and a client. It is a legally binding contract that outlines the terms under which a broker will act as an agent for a principal in a real estate transaction.

What is the most commonly used listing agreement?

Type 1: Exclusive right to sell listing agreement This is the most common type of listing agreement. It says that the listing agent has the exclusive right to earn the commission if they bring the buyer (either directly or via another agent).

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