New Mexico Statutes
§ 47-5-5 — Advertising standards
Brochures, publications and advertising of any form relating to subdivided land shall: A. not misrepresent or contain false or misleading statements of fact; B. not describe deeds, title insurance or other items included in a transaction as "free," and shall not state that any lot or parcel is "free" or given as an "award" or "prize" if any consideration is required for any reason; C. not describe lots or parcels available for "closing costs only" or similar terms unless all such costs are accurately and completely itemized or when additional lots must be purchased at a higher price; D. not include an asterisk or other reference symbol as a means of contradicting or substantially changing any statement; E. disclose that individual lots or parcels are not identifiable when such is the case;
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Legislative History
1953 Comp., § 70-3-5, enacted by Laws 1963, ch. 217, § 5.
Nearby Sections
15
§ 47-1-1
"Real estate" defined§ 47-1-11
[Instruments by agent authorized.]§ 47-1-12
[Conveyance by decree or master.]§ 47-1-17
[Entailed estates.]§ 47-1-17.1
Repealed§ 47-1-20
[Remainder to unborn child.]