Chapter 47, Article 13 NMSA 1978 may be cited as the “Real Estate Disclosure Act”. History: Laws 1991, ch. 74, § 1; 2009, ch. 165, § 1. ANNOTATIONS Cross references. — For advertising standards relating to subdivided land, see 47-5-5 NMSA 1978. For liability for disclosure statement requirements, see 47-7D-2 NMSA 1978. For requirement of […]
As used in the Real Estate Disclosure Act: A. “estimated amount of property tax levy” means the product of one-third of the listed price of the residential real property being sold or otherwise transferred in the transaction multiplied by the current property tax rates applicable to the property if those tax rates have been imposed […]
A seller, lessor or landlord of real property, including a participant in an exchange of real property and any agent involved in such a transaction, shall not be liable for failure to disclose and shall not have a duty to disclose to any person who acquires, by voluntary or involuntary transfer, a legal or equitable […]
A. No cause of action shall arise against a seller, lessor or landlord of real property, including a participant in an exchange of real property and any agents involved in such a transaction for failure to disclose to any person who, by voluntary or involuntary transfer, acquires a legal or equitable interest in the real […]
A. The legislature finds that property tax levied on a residential property for the current year can be a misleading guide to property tax levies in the years following the sale of that property and that a prospective buyer needs information regarding the property tax obligation in the year following the property’s sale to properly […]
The requirements of the Distributed Generation Disclosure Act [57-31-1 to 57-31-5 NMSA 1978] shall not apply to a transaction involving the sale or transfer of the real property on which the distributed energy generation system is located. History: Laws 2017, ch. 102, § 6. ANNOTATIONS Effective dates. — Laws 2017, ch. 102 contained no effective […]
