Last Year 2585 Complaints and Inquiries were filed with the New Mexico Real Estate Commission and over 80% were for Rules, Regulations and Real Estate Law!
Ask these 12 Questions to Make Sure Your Real Estate Company's Policies, Procedures And Standards will protect you from an unpleasant Real Estate Experience!
LEGAL REQUIRMENTS: Explain Licensee's Basic Duties: The real estate commission requires prior to the time a Licensee generates or presents any written document that has the potential to become written an agreement that the licensee disclose in writing to a prospective buyer or seller a list of 10 basic duties that are owed to all customers and clients.
Brokerage Relationships: Brokerages working with consumers either as customers or clients may do so through a variety of brokerage relationships. These include but are not limited to an exclusive agency, dual agency, or transaction broker relationships.
PROFESSIONAL ABILITIES
Verification of Legal: Are procedures in place to verify and check the property legal description.
Pricing: Are procedures in place to assist the seller or buyer regarding fair price.
Disclosure Laws:Are procedures in place to assure compliance with Federal and State Laws.
Property Rights: Are procedures in place for analyzing water and mineral rights.
Exchanges: 1031 exchanges require certain procedures and documentation to protect the seller and buyer.
Environmental: Procedures should be in place to address the issues of environmental hazards including mold, radon and other toxic criteria.
Production: Are procedures in place to analyze carrying capacity, crop production, game and other property financials.
Insurance: Are procedures in place to protect you the buyer from the possibility of uninsurable property.
Financing: Are provisions included in contracts for such things as first right of refusal, assumption, prepayment, ballon rollover and other potentially important provisions. What is best between mortgages and real estate contracts and have them explain the pros and cons of each.

FREE REPORT: For information regarding these and other important aspects of real estate transactions call, fax, email or click here for our free Report (Please specify Ranch, Commercial or Residential). Ask to be included on our ranch listing notification service (includes multiple NM ranch brokers).