Annotate Legal New Mexico Real Estate Forms For Free

All real estate advertising shall be a true and factual representation of the property and real estate services being advertised and the brokerage providing the services and shall not be presented in such a manner that will confuse or mislead the public.

The legal requirements placed upon home sellers with regard to disclosures are laid out in New Mexico Statutes § 47-13 et seq., also known as the Real Estate Disclosure Act. Sellers are expected to provide buyers with a written disclosure of all material defects in their property about which they have actual knowledge.

If an immovable property is being given as a gift, it amounts to transfer of property and must be made in writing through a gift deed. This deed needs to be signed by the donor and the donee in the presence of two witnesses.

Both parties should mention all relevant information like address, name, date of birth and signature. A gift deed should have two witnesses and their signatures. A gift deed should be printed on stamp paper once the amount is paid. Once that is done, it should be registered at the registrar's or sub-registrar's office.

Gift Deed for Real Estate Located in New Mexico. A gift deed, or deed of gift, is a legal document voluntarily transferring title to real property from one party (the grantor or donor) to another (the grantee or donee). A gift deed typically transfers real property between family or close friends.

RECs are the most common seller financing instrument used in New Mexico. With a REC, the seller transfers equitable interest in the property to the buyer upon execution of the REC, while the seller retains legal title to the property until the buyer satisfies all conditions of the REC.