New Mexico Buyer-Broker Agreement - Form 1206

[Brett Shank]

Hi All,

Are Buyer-Broker Agreements customary in Albuquerque?  I was just provided a Form 1206 to review, which has language for an exclusive use of a particular agent for a period of one year, as well as a commitment to pay them 3% commission, regardless of what the seller is offering.  

This is unheard of in Los Angeles.  Do people sign these things in Albuquerque?

Thanks in advance for your insight.

[David Torres]

Brett,

It really depends on who you are working with.  I never make my clients sign one and I have never had to sign one.  This is a relationship based business, and I feel that I am giving you phenomenal service you won't want to end the relationship.  Good luck with your search.

Dave