New Mexico Administrative Code
Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING
Chapter 61 - REAL ESTATE BROKERS
Part 19 - BROKER DUTIES AND BROKERAGE RELATIONSHIPS
Section 220.127.116.11 - DUAL AGENCY RELATIONSHIP
Current through Register Vol. 33, No. 7, April 5, 2022
A. Dual agency occurs when:
B. In all situations, a dual agent shall act in the capacity of a facilitator rather than as an exclusive agent of either party to the transaction.
C. Prior to writing or presenting offers, a dual agent shall obtain written authority from the buyer client and the seller client in the form of a separate dual agency agreement.
D. Information obtained by an associate broker or qualifying broker prior to the time that written authority for dual agency was granted shall not be disclosed to the other party unless required by law or rules or permitted by the client who originally disclosed the confidential information.
N.M. Code R. § 18.104.22.168
22.214.171.124 NMAC - Rp, 126.96.36.199 NMAC, 1-1-2004; A, 1-1-2006
This section was updated on 12/4/2018 by overlay.