Allows choice of brokerage services
	Allows brokers to offer rebates to consumers

n February 23, 2006, the New Mexico Real Estate Commission adopted a minimum service regulation that required consumers who use brokers to have their brokers develop and communicate offers and counteroffers, even if the consumer did not want to purchase those services from brokers.

On July 13, 2006, the Real Estate Commission decided not to implement the minimum service regulation, but instead decided to form a task force to study the issue.

New Mexico Sellers Can:

• Search for a Flat fee MLS broker in New Mexico and Go FSBO!
• Wipe out the listing brokerage commission and save thousands.
• Stay in control by eliminating certain contractual risks that are present when using a full service real estate broker.
• Deal directly with a licensed New Mexico broker. Fees vary by State, County, and Local Broker.
• MLS Listings are updated in real time and are available for viewing on www.realtor.com and your local MLS 24/7.
  
  

Antitrust Division documents and history:

Press release:

• Justice Department Encourages the New Mexico Real Estate Commission to Maintain Consumer Choice in Real Estate Brokerage Services (11/02/2005) 

Comment letter:

• Letter to New Mexico Real Estate Commission Re: Proposed “Minimum Service” and “Advertising” Rules (11/02/2005) 

Related documents on the Internet:

• New Mexico Administrative Code 16.61.19.8(D) requiring brokers to perform minimum services, but allowing consumer waiver

Learn more about:

• Brokerage discounts: Discount Brokers Can Make Selling a Home Less Costly
• Rebates: Rebates Make Buying a Home Less Expensive