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Realtor Version
New Mexico Association of REALTORS® Purchase Agreement – This detailed agreement was created by the New Mexico Association of Realtors and may be used by realtors and brokers to handle real estate purchase transactions.
Download: PDF
Required Disclosures (5) |
1) Homeowners’ Association Disclosure
If the property is subject to the Homeowners Association Act, this disclosure must be provided to a buyer no later than seven (7) days before closing. The seller has the right to cancel the purchase within seven (7) days of receiving this disclosure.
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2) Lead-Based Paint
In accordance with federal law, seller’s must provide a lead-based paint disclosure statement to potential buyers if the property being sold was built prior to 1978.
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3) Property Disclosure Statement
Real estate agents and brokers must inform potential buyers of any known defects or issues affecting the property and its value.
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4) Property Tax Levy Disclosure
Before the seller may accept a purchase offer, they must have the local county assessor provide a written estimate of the property tax levy. |
5) Public Improvement District
If the property is located in a Public Improvement District, the seller cannot accept an offer without providing certain written notices to the buyer as outlined in the state statute.
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