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LOBO RANCHLAGUNA, NEW MEXICO

$22,080,683.75 | 46,485.65± ACRES

LISTING AGENT: JEFF BUERGER

2000 S. COLORADO BLVD., T1, STE. 3100 DENVER, COLORADO 80222

P: 303.861.8282 M: 303.229.9932

[email protected]

http://www.hallandhall.com

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— 2 —© 2019 HALL AND HALL | WWW.HALLANDHALL.COM | [email protected]

Land… that’s where it all begins. Whether it is ranch land or family retreats, working cattle ranches, plantations, farms, estancias, timber or recreational ranches for sale, it all starts with the land.

Since 1946, Hall and Hall has specialized in serving the owners and prospective owners of quality rural real estate by providing mortgage loans, appraisals, land management, auction and brokerage services within a unique, integrated partnership structure.

Our business began by cultivating long-term relationships built upon personal service and expert counsel. We have continued to grow today by being client-focused and results-oriented—because while it all starts with the land, we know it ends with you.

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DENVER, COLORADO

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SUN VALLEY, IDAHO

HUTCHINSON, KANSAS

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SOUTHEASTERN US

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EXECUTIVE SUMMARY

About an hour’s drive west of Albuquerque, N.M., the Lobo Ranch spreads across 46,485± deeded acres of stunningly beautiful landscape marked by large mesas, rock formations, sandstone bluffs, expansive grasslands and open valleys. This working cattle ranch has outstanding recreational and historical attributes, including abundant wildlife and plentiful habitat, and hundreds of archeological sites and ancient petroglyphs.

With elevations that range from approximately 6,100 feet to more than 8,200 feet above sea level, the ranch encompasses several distinct ecosystems that are home to a variety of wildlife from Rocky Mountain Elk, mule deer and Barbary sheep to black bears, mountain lions, quail, turkey and upland birds. Seasonal pastures with excellent winter range along the southern and eastern valley slopes favor both cattle and elk. The current owner grazes approximately 300 animal units in an operation that is biased toward wildlife and range preservation.

Improvements include a 3,700-square-foot guest lodge with a large porch and patio with outdoor fireplace, a bunkhouse, manager’s residence, barns, equipment shop and a helicopter hanger. The ranch is accessible year-round via Cibola County Road 1, a county-maintained gravel road, north of Interstate 40 at the Laguna Interchange.


– Photo taken from the Lobo Ranch of the neighboring L Bar Ranch.

A MAGNIFICENT LAND

Lobo Ranch extends 12 miles north to south and nine miles east to west, encompassing more than 70 square miles of some of the most spectacular and varied landscape that New Mexico has to offer. From La Mesa del Canon Seco in the north to La Mesa de Lobo in the south, massive tablelands define the terrain of the ranch. From the caprocks, craggy cliffs descend steeply into secret, rocky canyons and wide valleys that roll into the grasslands beyond.

This is a geologically young and dynamic land formed by tectonic upheaval and volcanic activity during the Late Cretaceous Period and continually shaped by water, wind and weather in the millions of years since. Twisted sandstone spires and sedimentary cliffs worn into natural stairways, arches and amphitheaters mark secret places where ancient peoples carved their stories into the rock more than a thousand years ago.

To those ancient peoples and their descendents, this was—and is—a sacred land, marked by the guardian peak of Mount Taylor, which dominates the horizon west of the ranch.

It is a changeable place of brilliant sunlight and shifting shadows, of colors of every hue, delicate purple wildflowers, red rock fingers, green pine forests, fiery orange sunsets. It is a place of vast blue sky and endless stars, of billowing clouds and sudden summer rainstorms that leave the air impossibly fresh and crisp. It is a place revered by ancients and moderns alike, a land for all time.


LOBORANCH


LOCATION

Lobo Ranch headquarters are 55 miles or about an hour’s drive from Albuquerque, N.M., via Cibola County Road 1 and Interstate 40. A county road leads from the headquarters to State Highway 279, providing easy access year-round.

Laguna, N.M., a census designated place or CDP, gives the ranch its mailing address and encompasses the original settlement of the Laguna peoples, as well as the modern Laguna Pueblo, located south of the ranch.

The closest community is Bibo, N.M., (pop. 140), approximately 6 miles from the ranch and home to the Bibo Bar & Grill, a popular watering hole known for its green chili cheeseburger.

Grants, N.M., the county seat of Cibola County, is 53 miles west of the ranch.

Most of Lobo Ranch is in northeastern Cibola County with about five percent of the ranchland in adjoining Sandoval County. The Marquez Wildlife Area borders the ranch on the north.

AIRPORTS

Albuquerque International Sunport, the city’s large, full-service airport with non-stop flights to Denver, Dallas-Fort Worth and more than 20 other U.S. cities, is about an hour’s drive from the ranch. Grants Municipal Airport is about 55 miles west of the ranch. Recently the owners of the Lobo Ranch have constructed a dirt airstrip approximately 2,600 feet and 80 feet wide for small aircraft usage.

- downtown albuquerque


LOCALE

Cibola County, like most of West Central New Mexico, is ruggedly wild and sparsely populated, with fewer than 28,000 people living within its 4,542 square miles. The county, which extends westward to the New Mexico-Arizona state line, encompasses some of New Mexico’s most dramatic geological formations and archeologically significant sites – including the dramatic lava fields of El Malpais National Monument, the rock inscriptions and Puebloan ruins at El Morro National Monument, and the Acoma’s Sky City, arguably the oldest, continuously inhabited community in North America.

The Puebloan ruins of Chaco Canyon, just north of Grants in McKinley and San Juan Counties, are considered to be among the most important pre-Columbian cultural and historical sites in the United States.

The Marquez Wildlife Area, which borders Lobo Ranch to the north, is reputed to be one of the best public hunting grounds for elk in the state. The nearby Cibola National Forest, with more than 1.6 million acres of protected wilderness, offers endless opportunities for hiking, camping, hunting and fishing.

Albuquerque, a cosmopolitan city with a Southwestern flavor, is home to world-class cultural institutions, the University of New Mexico and highly regarded medical centers.


CLIMATE

West-Central New Mexico has a semi-arid climate with annual precipitation ranging from 12 to 14 inches. Snowfall at the higher elevations averages about 18 inches a year, though accumulations are generally light. July through September are the wettest months when prairie grasses grow thick and tall and wildflowers erupt in a riot of color.

Cibola County averages 278 sunny days a year with summer high temperatures in the mid 80s, cooling to the 50s at night. Winter highs average in the 30s and 40s with lows in the teens and 20s.

Spring comes early at the lower elevations on Lobo Ranch with a growing season that lasts from early May through the middle of October.


HISTORY

For thousands upon thousands of years, people have been drawn to this land. Some came to hunt – the earliest ones passing through perhaps 10,000 years ago. Others to build magnificent cities atop the mesas. The Acoma’s Sky City, continuously inhabited for 800 years, is one of these.

The pueblos of Chaco Canyon flourished for almost 400 years. The Anasazi carved and painted the rock with mysterious, mystical symbols, concentric circles, zigzag patterns, people and animals. Boulders, cliffs and canyon walls on Lobo Ranch bear these marks. And then, sometime around 1350 A.D., the people who told their stories on the rock packed up and left. Where they went and why – whether because of drought, famine, war or all of the above – remain tantalizing mysteries.

Spanish Conquistadors in search of the mythical Seven Golden Cities of Cibola, for which the modern-day county is named, and Spanish friars in search of converts tried and largely failed to tame the land and its native peoples. Nuevo Mexico passed from Spain to Mexico and then in 1848 to the United States. Homesteaders and sheepherders arrived late in the 19th Century, followed by the cattle ranchers and large landholders of today.

The Blessing PlaceDeep within the ranch, hidden by the mesa above and the trees of the canyon below, the soft sedimentary side of the cliff has worn away over the millennium to form a concave ell ipse that looks for all the world like the acoustical shell of a large amphitheater. It seems a place made by nature for performance and ceremony. The ancients must have thought so too, for the walls of the cliff are covered with hundreds, if not thousands, of petroglyphs from wavy lines to round-bellied figures, some painted with a deep ochre, others barely visible now, each an enigma and a clue to the mysteries of vanished civil ization.


THE RANCH

Lobo Ranch is comprised entirely of deeded acreage. There are no state- or federally-owned lands within the ranch’s boundaries.

The ranch ranges in elevation from about 6,100 to 8,200 feet above sea level. Most of the mesa tops rise above 7,000 feet, including Mesita de La Madera at 7,730 feet.

The different elevations and diverse terrain of the ranch create discreet ecosystems and distinct seasonal pastures, which benefit cattle and game alike. The valleys slope generally toward the south and east, making for excellent winter range on the southeastern pastures. Summer pastures are generally at the higher elevations in the northern areas of the ranch. In all, there are about 10 pastures, with the largest about nine sections in size.

The current owner grazes about 300 animal units in an operation that is biased toward conserving range grasses and enhancing the wildlife habitat. In drier years, the number of cattle on the ranch has been reduced to preserve the native grasses.

VEGETATION

Like the terrain, the vegetation is diverse, ranging from xeric scrubland to thick, healthy grasses. Predominant grasses include Grama, Sideoats, Sacaton, Galleta, Winter Wheatgrass, Pine Grass and Arizona Fescue. Browses include Four-wing Saltbrush (Chamisa), Winterfat and Apache Plume, as well as various rushes and sedges.

The higher elevations are forested with Ponderosa and Piñon Pine and Gambel Oak. Gray Oak and Mountain Mahogany also grow here.


RANCHING SUPPORT FACILITIES

Lobo Ranch is equipped for a productive cow-calf operation with barns, pens and workshops located primarily at the headquarters compound.

HAY BARN

This 50 x 78-foot enclosed hay barn has 3,900 square feet under cover.

EQUIPMENT SHOP

With 3,000 square feet, the equipment shop, which adjoins the hay barn, has ample space for equipment storage and work areas.

HORSE BARN

An 11 x 70-foot horse barn has three stalls and a tack room.

HELICOPTER HANGAR

The helicopter hangar is 40 x 50 feet in size.

RANCH MANAGER’S RESIDENCE

Located about two miles from ranch headquarters, this Karsten Model RC2 modular home includes two bedrooms, one bath and a large deck with excellent views.

BUNKHOUSE

This frame and stucco residence has 1,512 square feet with a great room that opens onto a fully equipped kitchen. There are three bedrooms plus a loft and 1.5 baths. Located at headquarters, the house is currently furnished to sleep six and is ideal for staff, guests or hunters.


WATER

Lobo Ranch has unperfected water rights of 290 acre feet annually. The ranch has 20 water wells, including eight with electric pumps and four with solar-powered pumps (quarterly meter reports) through four year period ends in July file for extension. There are about 25 miles of pipeline throughout the ranch. The Lobo Ranch has recently been approved by the State of New Mexico, Office of the State Engineer of Albuquerque for a 4 year - “Proof of Beneficial Use” water right. The purpose of this water right is to develop 290 acre feet of unperfected water rights anywhere on the property to be used for domestic, irrigation, ranching and related uses. (Additional information available upon request).

The ranch also has numerous dirt tanks for livestock. The current owner has undertaken a program to improve and increase the number of tanks to expand the footprint of available surface water for both livestock and wildlife.


THE LODGE

The spacious and fully furnished Lodge is ideal for a year-round residence or a weekend retreat. Pine paneling and oak floors throughout create a warm and inviting environment that is both authentically Western and genuinely comfortable.

Within its 3,700 square feet, the Lodge has five bedrooms, including two currently used as an office and a game room, three baths, a living room, dining room and kitchen with granite countertops and stainless steel appliances.

Two large decks with exceptional views of Lobo Mesa and a patio with an outdoor fireplace are perfect for enjoying New Mexico’s sunshine – and its starry skies.

All furnishings convey with the property.


WILDLIFE

With its diverse terrain and varying altitudes, Lobo Ranch provides an excellent year-round habitat for elk. Large, resident herds of Rocky Mountain Elk calve in the ranch’s many oak stands and find a mix of cool season and warm season grasses on the mesa tops and at lower elevations. Mule deer are found throughout the ranch but are particularly attracted to the canyons that run east of Mesa Chivato. Dense woodlands of Ponderosa pine, piñon pine and juniper provide cover and protection for the deer.

Merriam’s turkey finds a roosting habitat in the Ponderosa pine forests of the canyons and the mesa. Cougars and black bear travel through the canyons, while the bluffs provide stalking habitat for the big cats. A Barbary sheep was harvested on the ranch in 2012.

These sheep, native to North Africa and introduced into New Mexico in 1943, can be found scattered throughout arid regions.

The ranch is also home to a wealth of birds from Hairy Woodpeckers, Yellow-rumped Warblers and Great Horned Owls to Golden Eagles and a variety of hawks.

“The elk who reside in the savannahs and woodlands atop Mesa Chivato on the west side of the ranch are a prime

example of how the needs of wildlife are met. Elk are grazers and the mesa offers large grassy openings that support a

mixture of cool season grasses … and warm season grasses…So, food quality remains high for longer periods.”

– William C. Dunn, Ph.D., Big Picture Conservation, L.L.C.


HUNTING

Lobo ranch is located in New Mexico Game Management Unit 9. Due to significant legislative changes in 2019, regarding the landowner allocation in the ELK Private Land Use System (EPLUS) we are not able, at this time, to give an accurate analysis of the total landowner allocation of tags. The ranch has completed the annual and required permitting process to remain the E-Plus System and in concert with New Mexico Game and Fish Department. The owners are waiting for the New Mexico Game and Fish Department for revised issuance of tags after the new system is implemented state wide. For additional information please visit New Mexico Game and Fish.

http://www.wildlife.state.nm.us/hunting/maps/elk-private-lands/

http://www.wildlife.state.nm.us/hunting/maps/elk-private-lands/


SOLAR POWERPublic Service Company of New Mexico (PNM) owns 116.05 acres and a solar farm located within ranch boundaries, off County Road 1, north of the headquarters. PNM has right-of-way access through the ranch to the property.

WIND ENERGYNextEra Energy operates the Red Mesa Wind Energy Center under the provisions of a 30-year, renewable lease agreement with Lobo Partners, LLC. There are currently 64 wind turbines on the ranch. The amount of carbon emissions offset by the 102-megawatt wind power site is equivalent to taking more than 38,000 cars off the road every year.

MINERAL RIGHTS• All mineral rights owned by Lobo Ranch convey to the new owner.

• Lobo Ranch owns about 50% of the oil and gas rights on the ranch.

• The remaining rights are owned by Exxon Corporation and the Cebolleta Land Grant.


EL MORRO NATIONAL MONUMENT RAMAH, NM

For centuries, the great sandstone promontory of El Morro National Monument was a waypoint for travelers along an ancient east-west trail across the Southwest. Passers-by who stopped to drink and refresh their animals in the pool at its base carved upon the rock walls—ancient rock artists, Spanish explorer Juan de Oñate in 1605, Francisco Manuel de Silva Nieto in 1629, among them. The Spaniards called the place El Morro or The Headland. To the Zunis, it is A’ts’ina or the “place of writings on the rock”—a name not so different from the English Inscription Rock. There are also ruins of a massive 850-room pueblo occupied by perhaps as many as 1,500 people between 1275 and 1350 A.D.

CHACO CULTURE NATIONAL HISTORICAL PARK NAGEEZI, NM

One of the finer examples of Ancestral Puebloan architecture, the massive pueblos at Chaco Canyon were built and occupied between 850 and 1250 A.D. By the middle of the 11th Century, Chaco had become the center of cultural life for the early inhabitants of the San Juan Basin. Dozens of roads connected the great houses of Chaco Canyon to more than 150 other pueblos throughout the region.

COYOTE DEL MALPAIS GOLF COURSEGRANTS, NM

Designed by William Howard Neff, the Coyote Del Malpais Golf Course has an 18-hole course with narrow fairways and 16 lanes. The public golf course sits at the base of the beautiful Horace Mesa.

PETROGLYPH NATIONAL MONUMENT ALBUQUERQUE, NM

One of the largest petroglyphs sites in North America, this national park protects and conserves rock art produced by Native Americans and Spanish settlers between 400 and 700 years ago. Petroglyph viewing trails lead visitors through the canyons of the park.

EL MALPAIS NATIONAL MONUMENT & EL MALPAIS NATIONAL CONSERVATION AREA

GRANTS, NMTo the Spaniards, the barren and dramatic lava fields with their razor-sharp rocks were a place to avoid, and they called it El Malpais or the badlands. Today, El Malpais National Monument is considered one of the most significant volcanic areas in the United States with its lava flows, cinder cones and tube caves. Free permits are available to visit designated caves. The entrance to the national park is located on NM Highway 117, nine miles south of Exit 89 on Interstate I-40. The federal Bureau of Land Management oversees El Malpais National Conservation Area, which is adjacent to the national park.

Malpais arch

AREA ATTRACTIONS


FACT

S AT

A G

LANC

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• 46,485± deeded acres adjacent to the Marquez Wildlife Area • 55 miles west of Albuquerque, N.M.• Slightly more than an hour from Sunport, Albuquerque’s International Airport• 53 miles from Grants, N.M., and Grants Municipal Airport• Located on Cibola County Road 1, 15 miles north of Interstate 40 at the Laguna Interchange• Elevation 6,100 ft to 8,200 ft above sea level• Situated in Cibola (95%) and Sandoval Counties

IMPROVEMENTS• The Lodge, 3,700± s.f. with 4 bedrooms, 3 baths• The Bunkhouse, 1,512± s.f. with 3 bedrooms, 1.5 baths• Manager’s residence, Modular home with 2 bedrooms, 1 bath• Equipment Shop, 3,000± s.f. • Hay Barn, 3,900± s.f. • Helicopter hangar, 40’ x 50’ • Horse barn, 1,120± s.f.

WATER• 20 water wells, including 4 solar powered pumps (quarterly meter reports) through four year period ends in July file for extension • 290 acre feet annually of unperfected water rights• 25 miles of water pipeline• Numerous earthen stock tanks

WIND, SOLAR AND MINERALS• All mineral rights currently held by owner convey• NextEra Energy operates a wind farm on a high mesa in the northeastern part of the ranch via a lease agreement with Lobo Partners, LLC• Public Service Company of New Mexico owns and operates a 116.05-acre solar farm on the ranch

AIRPORTS• About 55 miles from Albuquerque Sunport International Airport• 53 miles from Grants Municipal Airport• Dirt airstrip on property approximately 2,600’ X 80’ - small aircraft usage


BROKER’S COMMENT

In the western US it is increasingly rare to find large deeded acreage ranches, especially within reasonable proximity to a major city and regional airport. Most New Mexico ranches are heavily interspersed with state and federal leased land. The Lobo Ranch is rare in the sense that all the deeded land is in one contiguous block. Additionally, most of the property is extremely private and one could literally go days without seeing another person. The land itself is diverse and generously vegetated offering wildlife habitat and grazing for livestock. Punctuated throughout the ranch are several massive plateaus, deep canyons, arroyos, numerous drainages, massive rock outcroppings and steep ledges. The sunrises and sunsets over this landscape are absolutely exceptional and second to none in every way.

The current owners have reduced the total number of livestock, repaired existing water resource features and constructed new dirt tanks in strategic locations. Internal road infrastructure has been substantially improved as well. This ranch represents an opportunity to acquire a large, private piece of land well suited for recreational and agricultural interests that is not heavy on improvements and very well located.

Hall and Hall is acting as a Sel ler ’s Agent and wil l cooperate with other agents acting as a Transaction Broker or Buyer Agent only.

NOTICE: Offering is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classifications, acreages, carrying capacities, potential profits, etc., are intended only as general guidelines and have been provided by sources deemed reliable, but whose accuracy we cannot guarantee. Prospective buyers should verify all information to their satisfaction. Prospective buyers should also be aware that the photographs in this brochure may have been digitally enhanced.


PRICE$22,080,683.75

Click on map above for link to MapRight map of property.

https://mapright.com/ranching/maps/97a4d13217df4335efd45ce7cfc326b5/share


ADDITIONAL SERVICES OFFERED BY HALL AND HALL1. MANAGEMENT SERVICES – Hall and Hall’s Management Division has a very clear mission–to represent the owner and

to ensure that his or her experience is a positive one. Services are customized to suit the owner’s needs. They often

begin with the recruiting and hiring of a suitable ranch manager or caretaker and are followed by the development of

a management or operating plan along with appropriate budgets. Ongoing services include bill paying, ranch oversight,

and consulting services as needed. Even the most sophisticated and experienced ranch owners appreciate the value of a

management firm representing them and providing advice on local area practices and costs. Wes Oja, Jerome Chvilicek,

Dan Bergstrom or Brant Marsh at (406) 656-7500 are available to describe and discuss these services in detail and

welcome your call.

2. RESOURCE ENHANCEMENT SERVICES – Increasingly the value of a ranch is measured by the quality of each and every

one of its resources. Coincidentally, the enhancement of a ranch’s resources also increases the pleasure that one derives

from the ownership of a ranch. Our management services have included the assessment of everything from wildlife

habitat to bird habitat to water resources and fisheries and the subsequent oversight of the process involved with the

enhancement of these resources. Wes Oja, Jerome Chvilicek, Dan Bergstrom or Brant Marsh at (406) 656-7500 are

available to describe and discuss these services in detail and welcome your call.

3. AUCTIONS - Hall and Hall Auctions offer “Another Solution” to create liquidity for the owners of Investment-Quality Rural

Real Estate. Our auction team has experience in marketing farmland, ranchland, timberland and recreational properties

throughout the nation. Extreme attention to detail and complete transparency coupled with Hall and Hall’s “Rolodex”

of more than 40,000 targeted owners and buyers of rural real estate help assure that there are multiple bidders at each

auction. In addition, the unique Hall and Hall partnership model creates a teamwork approach that helps to assure that

we realize true market value on auction day. For more information on our auction services contact Scott Shuman at

(800) 829-8747.

4. APPRAISALS - Staying abreast of ancillary market influences in ever-changing economic conditions requires a broad

professional network to tap into. Finding an appraiser who not only understands the numbers but also the differences in

value from one area to another is a critical part of making an informed decision. The appraisal team at Hall and Hall,

formed entirely of Accredited Members of the American Society of Farm Managers and Rural Appraisers (ASFMRA), has

that critical network of brokers and lending professionals. This professional network coupled with diverse experience

across multiple regions and market segments allows our appraisal team to deliver a quality product in a reasonable

timeframe. Scott Griswold at (406) 656-7500, Ben Gardiner at (970) 520-4871 or Stacy Jackson at (903) 820-8499

are available to describe and discuss these services in detail and welcome your call.

5. SPECIALIZED LENDING - Since 1946 Hall and Hall has created a legacy by efficiently providing capital to landowners.

In addition to traditional farm and ranch loans, we specialize in understanding the unique aspects of placing loans on

ranches where value may be influenced by recreational features, location and improvements and repayment may come

from outside sources. Our extensive experience and efficient processing allows us to quickly tell you whether we can

provide the required financing.

Competitive Pricing | Flexible Terms | Efficient Processing

Tina Hamm or Scott Moran • (406) 656-7500

Judy Chirila • (303) 861-8282

Adam Deakin • (970) 716-2120

Monte Lyons • (806) 698-6882

J.T. Holt • (806) 698-6884

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New Mexico law requires that we provide the fol lowing disclosure:

NEW MEXICO BROKERAGE DISCLOSURE

Every l icensed New Mexico real estate Broker is obl igated to disclose Broker Duties. Disclosure: The fol lowing brokerage relat ionships are avai lable in the State of New Mexico: (1) transaction broker, (2) exclusive agency, and (3) dual agency (see RANM Form 1401, p. 2).

Prior to the t ime an Associate Broker or Qualifying Broker generates or presents any written document that has the potential to become an express written agreement, the Broker shal l disclose in writ ing to a prospective buyer, sel ler, landlord or tenant, the fol lowing l ist of Broker Duties that are owed to al l Customers and Clients by al l Brokers regardless of the brokerage relat ionship:

(A) Honesty and reasonable care; as set forth in the provisions of this section; (B) Compliance with local, state, and federal fair housing and anti-discrimination laws, the New Mexico Real Estate License Law and the Real Estate Commission Rules and Regulations, and other applicable local, state, and federal laws and regulations; (C) Performance of any and al l oral or written agreements made with the Broker’s Customer or Cl ient; (D) Assistance to the Broker’s Customer or Cl ient in completing the Transaction, unless otherwise agreed to in writ ing by the Customer or Cl ient, including (1) Presentation of al l offers or counter-offers in a t imely manner, and (2) Assistance in complying with the terms and condit ions of the contract and with the closing of the Transaction; If the Broker in a Transaction is not providing the service, advice or assistance described in paragraphs D(1) and D(2), the Customer or Cl ient must agree in writ ing that the Broker is not expected to provide such service, advice or assistance, and the Broker shal l disclose such agreement in writ ing to the other Brokers involved in the Transaction; (E) Acknowledgment by the Broker that there may be matters related to the Transaction that are outside the Broker’s knowledge or expert ise and that the Broker wil l suggest that the Customer or Cl ient seek expert advice on these matters; (F) Prompt accounting for al l monies or property received by the Broker; (G) Prior to the t ime the Associate Broker or Qualifying Broker generates or presents any written document that has the potential to become an express written agreement, written disclosure of (1) any written Brokerage Relationship the Broker has with any other Part ies to the Transaction; (2) any material interest or relat ionship of a business, personal, or family nature that the Broker has in the Transaction; and (3) other Brokerage Relationship options avai lable in New Mexico; (H) Disclosure of any adverse material facts actual ly known by the Broker about the property or the Transaction, or about the f inancial abi l i ty of the Part ies to the Transaction to complete the Transaction. Adverse material facts do not include data from a sex offender registry or the existence of group homes; ( I ) Maintenance of any confidential information learned in the course of any prior Agency relat ionship unless the disclosure is with the former Cl ient’s consent or is required by law; (J) Unless otherwise authorized in writ ing, a Broker shal l not disclose to their Customer or Cl ient during the transaction that their Sel ler Cl ient or Customer has previously indicated they wil l accept a sales price less than the asking or l isted price of a property; that their Buyer Cl ient or Customer has previously indicated they wil l pay a sales price greater than the price submitted in a written offer; the motivation of their Cl ient or Customer for sel l ing or buying property;


that their Sel ler Cl ient or Customer or their Buyer Cl ient or Customer wil l agree to f inancing terms other than those offered; or any other information requested in writ ing by the Broker’s Customer or Cl ient to remain confidential , unless disclosure is required by law.

Effective January 1, 2007, the New Mexico Real Estate Commission requires the disclosure of the fol lowing brokerage relat ionships (as quoted from 16.61.19.9 NMAC, 1-1-2005):

16.61-19.0 Brokerage Relationships: Brokerages working with consumers either as customers or cl ients may do so through a variety of brokerage relat ionships. These relat ionships include but are not l imited to an exclusive agency relat ionship, a dual agency relat ionship, or a transaction broker relat ionship. For al l regulated real estate transactions, a buyer, sel ler, landlord or tenant may enter into an express written agreement to become a cl ient of a brokerage without creating an agency relat ionship, and no agency duties wil l be imposed.

Exclusive Agency An express written agreement between a person and a brokerage wherein the brokerage agrees to exclusively represent as an agent the interests of the person in a real estate transaction. Such agreements include buyer agency, sel ler agency, designated agency, and subagency agreements.

Dual Agency An express written agreement that modif ies exist ing exclusive agency agreements to provide that the brokerage agrees to act as a faci l i tator in a real estate transaction rather than as an exclusive agent for either party to the transaction.

Transact ion Broker A brokerage that provises real estate services without entering into an agency relat ionship.

Jeff Buerger of Hall and Hall is the exclusive agent of the Seller.

mailto:jeff%40hallandhall.com?subject=Re%3A%20Lobo%20Ranch

lobo ranch - s3.amazonaws.com · lobo ranch extends 12 miles north to south and nine miles east to...

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