Which duty is specifically required from New Mexico licensees representing sellers?

In New Mexico, licensees representing sellers have a fundamental duty to present offers and counter-offers in a timely manner. This duty is crucial as it ensures that sellers are informed about all potential transactions, allowing them to make educated decisions regarding any offers received. Timeliness is particularly important in real estate transactions, as situations can change rapidly, and delaying communication can result in missed opportunities or unfavorable outcomes for the seller.

The requirement to present offers and counter-offers emphasizes the agent's role as a facilitator and advocate for the seller's interests. This responsibility stems from the fiduciary relationship between the agent and the seller, where the agent must act with loyalty and care.

While providing a market appraisal, arranging for property showings, and conducting open houses may be part of the overall service provided by a real estate agent, they are not specified duties required of the licensees when representing sellers in New Mexico. Each of these actions supports the broader goal of selling property but does not carry the same legal imperative as the obligation to present offers promptly.