Competition and Real Estate by State

New Mexico

	Allows choice of brokerage services
	Allows brokers to offer rebates to consumers

In 2006, the New Mexico Real Estate Commission considered, but ultimately decided not to implement, a minimum service regulation. In 2009, the New Mexico Senate considered, but did not act on, a similar minimum services bill. Both of these actions would have required licensees to develop and communicate offers and counteroffers, even if the consumer did not want to purchase those services from brokers.

Learn more about:

Brokerage services: Discount Brokers Can Make Selling a Home Less Costly

Rebates: Rebates Make Buying a Home Less Expensive

Press Releases

November 2, 2005

Justice Department Encourages the New Mexico Real Estate Commission to Maintain Consumer Choice in Real Estate Brokerage Services

Comment Letter

November 2, 2005

Letter to New Mexico Real Estate Commission Re: Proposed “Minimum Service” and “Advertising” Rules

February 13, 2009

Letter to Senator Boitano Re: Senate Bill 398

Related documents on the Internet:

New Mexico Administrative Code 16.61.19.8(D) requiring brokers to perform minimum services, but allowing consumer waiver