Before the seller can accept an offer, the seller's broker must do what regarding property taxes?

Study for the New Mexico Broker State Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The correct response emphasizes the importance of understanding the financial obligations tied to a property, specifically property taxes. Before a seller can accept an offer, the seller's broker needs to ask the county assessor for the estimated amount of property tax. This step is critical because it ensures that both the seller and potential buyers are aware of the tax liabilities associated with the property, which can significantly impact the buyer's ability to finance the home and the seller’s net proceeds from the sale.

Having accurate information about property taxes is essential for making informed decisions during the negotiation process. The estimated property tax amount can influence the overall affordability of the property for potential buyers and help set realistic expectations regarding the sale price.

The other options involve actions that, while potentially useful, are not as directly relevant to the acceptance of an offer in relation to property taxes. For example, contacting the lender for an estimate may be important during financing but does not directly inform the seller about property tax liabilities. Similarly, reviewing the buyer's financial history is crucial for assessing their ability to purchase the property but does not pertain specifically to the seller's responsibilities regarding taxes. Providing a tax history report could be beneficial, but it is typically done after an offer is accepted rather than before, making it less relevant in

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