Give the broker duties disclosure before anything signable comes out
At a New Mexico open house you are normally there for the seller, and the visitor walking in is a prospective buyer you have no agreement with. You still owe that person the applicable set of broker duties, and the rule makes you disclose them and obtain written acknowledgement that you did. The deadline is tied to paper rather than to conversation: the disclosure has to happen before you generate or present any written document to that person that has the potential to become an express written agreement. So the broker duties disclosure goes across the table before an offer, a buyer agency agreement, or anything else signable does.
Brokers shall disclose the applicable set of broker duties owed to buyers, sellers, landlords (owners) of rental property and tenants as set forth herein, 16.61.19.8 NMAC, prior to the time the broker generates or presents any written document to that party that has the potential to become an express written agreement and obtain from that applicable party written acknowledgement that the broker has made such disclosures.
Checked at the source on September 1, 2026