Flat Fee MLS - New Mexico
On February 23, 2006, the New Mexico Real Estate Commission adopted a minimum service regulation that required consumers who use brokers to have their brokers develop and communicate offers and counteroffers, even if the consumer did not want to purchase those services from brokers.
On July 13, 2006, the Real Estate Commission decided not to implement the minimum service regulation, but instead decided to form a task force to study the issue.
Learn more about:
- Brokerage services: Discount Brokers Can Make Selling a Home Less Costly
- Rebates: Rebates Make Buying a Home Less Expensive
Antitrust Division documents:
Press release:
Comment letter:
- Letter to New Mexico Real Estate Commission Re: Proposed “Minimum Service” and “Advertising” Rules (11/02/2005)
Related documents on the Internet:
- New Mexico Administrative Code 16.61.19.8(D) requiring brokers to perform minimum services, but allowing consumer waiver
New Mexico Real Estate Commission
andrea.armijo at state.nm.us
5200 Oakland Ave NE Albuquerque, NM 87113
Phone: 505-222-9820 Fax: 505-222-9886