Real Property Probate

What is the name of your state? New Mexico

I also posted this in real estate laws.

It's my understanding that if an attorney is involved in a probate of real property that the realtor/agent has a cap on their fees. is this so? if it is so, can you direct me to the correct statute for NM?

thanks!

lluna said:

What is the name of your state? New Mexico

I also posted this in real estate laws.

It's my understanding that if an attorney is involved in a probate of real property that the realtor/agent has a cap on their fees. is this so? if it is so, can you direct me to the correct statute for NM?

thanks!

Click to expand...

I don't know the New Mexico laws. Go online or public library and look through your state statutes on probate. There may or may not be a law covering this question.

The very general rule is that an executor can hire people to work for the estate and (depending on if it is supervised or unsupervised administration) set the price.

I doubt that the New Mexico real estate agents (if they had a good lobby) would allow such a law to be passed, since they have to do the same amount of work no matter who the seller is. And, if there is a probated decedent's estate, they may have to do more work than a normal sale.

thank you seniorjudge

I was afraid it would be something like that. I have already done the statute research and find nothing.

I appreciate you taking the time to respond.

lluna said:

I was afraid it would be something like that. I have already done the statute research and find nothing.

I appreciate you taking the time to respond.

Click to expand...

Call the real estate commission in Santa Fe and ask them. Or ask a real estate agent who is not involved in this matter the question.