SEPTIC SYSTEMS - New Property Transfer Evaluation Report Fee

Effective July 1, 2020, the NMED will be charging a $50.00 fee for the filing of Property Transfer Evaluation Reports. NMAR will be updating the Septic System Contingency Addendum (Form 5120A) to address this new Fee.

RISC Insurance Company Issues Important Guidance on Avoiding the Unauthorized Practice of Law

The unauthorized practice of law often arises from a desire to help – clients often expect brokers to answer all of their questions during the course of a transaction without realizing where expertise as a broker ends and other expertise begins. To help protect your clients and yourself, it’s important to limit your services to those as a real estate broker and point your clients to appropriate professionals for everything else. This is especially critical when any issues could potentially impact another’s legal rights or obligations.

Clear Cooperation

Q1: If a broker is approached to take a listing, but a listing agreement has not yet been signed..?

Q2:  Can an MLS participant/subscriber, who belongs to multiple MLSs, satisfy CCCP by..?

Q3a: If a brokerage takes a listing as an Office Exclusive while the brokerage prepares the property for marketing..?

Q3b: If the listing brokerage enters the listing into the MLS within business day of showing it to the buyer, then, after the showing..?

June 15 - RPAC NM-Trustees Deadline

The deadline is fast approaching for members to get their application sent to their member board president. There are a total of five openings in the following districts...