Which of the following is NOT a type of listing agreement recognized by the New Mexico Association of REALTORS®?

The correct answer is identified as the industrial listing agreement because this specific type of listing is not typically recognized by the New Mexico Association of REALTORS®. In New Mexico, listing agreements are primarily categorized into residential, commercial, and specialized areas such as farm and ranch.

Residential exclusive right-to-sell agreements are a standard type where the broker is guaranteed a commission if the property sells during the listing period, regardless of who finds the buyer. Commercial listing agreements serve a similar purpose but are focused on properties used for business rather than residential living. Farm and ranch listing agreements cater specifically to agricultural properties, acknowledging the unique needs and characteristics of this market.

While industrial properties are certainly part of the real estate sector, they are typically included within the broader category of commercial properties rather than having a distinct listing agreement category recognized separately by the Association. Understanding these distinctions is essential for real estate professionals operating in New Mexico.