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Pearson Vue Real Estate Exam Maine With Complete Solutions
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Pearson Vue Real Estate Exam Maine With Complete Solutions
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Pearson Vue Real Estate Exam Maine With CSolutions ✔✔
Most land uses are subject to regulation of Maine's Mandatory Shoreland Zoning Act when they are within h
wetland, lake, or ocean? - ANS>250 feet
Most land uses are subject to regulation of Maine's Mandatory Shoreland Zoning Act when they are within h
streams? - ANS>75 feet
The Shoreland Zoning Act is regulated by whom? - ANS>Each municipality and enforced by the local Code En
In order for a single family residential property to have a subsurface waste disposal system, what is the minim
the property size? - ANS>20,000 sq. feet
If a single family residential property abuts a river, stream, lake, pond or tidal area, it must have at least how
ANS>100 feet minimum
Who is responsible for inspecting and certifying shoreland properties in organized and established towns in M
Plumbing Inspector
Which type of agency is the most commonly practiced in Maine? - ANS>Appointed agency
When a licensee is an affiliated agent of a brokerage agency that practices appointed agency, must he or she
agency? - ANS>No, because that agency practices appointed agency and they are appointed agents to the cli
When a brokerage agency does not practice appointed agency, must the licensee notify a client of dual agen
there is no appointed agency, and licensees represent all clients, notice of dual agency must be given and sig
buyer clients.
What form must be provided to the consumer at the first substantive communication, face-to-face, in writin
other electronic communication, regarding a real estate transaction involving a residential one to four unit d
Estate Brokerage Relationships Form, also known as Form #3
Must the consumer sign Form #3, The Real Estate Brokerage Relationship Form? - ANS>No, the Maine Real E
not require the consumer's signature on this form.
, A freehold estate is when, - ANS>someone has an ownership interest in a property.
Present freehold estate means - ANS>ownership interest is now
Future Freehold Estate means, - ANS>ownership interest won't take place until sometime in the future
fee/fee simple/fee absolute - ANS>The complete ownership of property, without condition. The largest and h
possess in real estate.
fee simple determinable - ANS>A fee simple estate qualified by a special limitation. Language used to describ
words SO LONG AS, WHILE, or DURING.
Fee Simple on Condition Subsequent - ANS>A fee simple estate that may be ended by the grantor or the gran
remainderman if named, upon the occurrence or nonoccurrence of a stated condition Includes the language
Life Estate - ANS>An interest in real or personal property that is limited in duration to the lifetime of its owne
designated person or persons/TENANT
Community Property States - ANS>States that classify all property acquired by either the husband or the wife
with the exception of gifts or inheritance, as marital property to be equally distributed between the spouses
divorce. MAINE IS NOT
Severalty - ANS>Ownership of real property by one person only, also called sole ownership.
Tenants in Common share - ANS>the unity of possession
Tenants by the entirety - ANS>Co-ownership form that can only be used by married couples.
Created by express wording.
Surviving spouse has right of survivorship.
Neither spouse may sell, gift, devise, or otherwise transfer property without permission of other spouse.
Tenants in Common - ANS>shared ownership of a single property among two or more persons; interests nee
right of survivorship exists, meaning right in property will go according to the owner's will.
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