What must a seller's agent do regarding the disclosure of PID-related information?

The necessity for a seller's agent to provide the disclosure of PID-related (Public Improvement District) information to potential buyers is rooted in the obligation to ensure transparency and inform buyers about any financial or legal obligations they may incur related to properties in such districts.

In New Mexico, there are specific regulations that require sellers and their agents to disclose relevant details about the PID, such as the potential for additional assessments or taxes that could affect the property. This provision is crucial for buyers to make informed decisions and assess the total cost of homeownership, as it might impact their financial planning.

By proactively providing this information, the seller's agent fulfills their ethical duty and legal obligation to act in the best interest of their clients while ensuring that all parties are aware of the property's implications. This proactive approach protects both the buyer's interests and the seller's accountability in the selling process.