Realtor Version
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Required Disclosures (5)
1.) Adverse Material Facts: Sellers must disclose any known physical defects or conditions that significantly affect the property’s value or structural integrity (§ 47-13-4). This includes issues like foundation cracks, roof leaks, or faulty electrical systems.
2.) County Assessor Property Tax: Sellers must provide a written estimate from the county assessor regarding the property tax levy for the following year (§ 47-13-4). This ensures the buyer is aware of the potential tax burden based on the current list price.
3.) Lead-Based Paint Disclosure: Homes built in or before 1978 carry an additional disclosure requirement to inform the buyer of any lead-based paint history or contamination on the property (42 U.S. Code § 4852d).
4.) Public Improvement District (PID): If the property is located within a PID, the seller must provide a written notice regarding the additional taxes or assessments levied by the district (§ 5-11-18.1). Sellers can obtain these district-specific notices by contacting their local County Clerk’s Office.
5.) Subdivision Disclosure: Sellers of subdivided lots must provide a statement regarding the condition of the title, water quality, and utility access (§ 47-6-17). Sellers should contact the Planning and Zoning Director and County Clerk to obtain the exact disclosure forms mandated by the county where the property is located.

New Mexico Association of Realtors (2025)