Maine Real Estate Law Exam Prep Study Guide with Complete Solutions
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Course
Maine
Institution
Maine (UM)
Maine Real Estate Law Exam Prep Study
Guide with Complete Solutions
In Maine, a person without a real estate license may: - Answer️️ -Call
bids at a real estate auction.
Under Maine law, "real estate brokerage' means: - Answer️️ -A single
instance of offering, attempting to conduct, or...
Maine Real Estate Law Exam Prep Study
Guide with Complete Solutions
In Maine, a person without a real estate license may: - Answer✔️✔️-Call
bids at a real estate auction.
Under Maine law, "real estate brokerage' means: - Answer✔️✔️-A single
instance of offering, attempting to conduct, or conducting real estate
services on behalf of another for compensation.
In Maine an agency that has a company policy that permits disclosed dual
agency must provide a disclosed dual agency consent agreement to: -
Answer✔️✔️-Prospective clients at the time of entering into a brokerage
agreement.
In Maine, property disclosure must be: - Answer✔️✔️-In writing
Jill lists a convenience store with an apartment on the second floor. Jill
must ask the seller for disclosure information on: - Answer✔️✔️-The location
of the private water supply.
Which of the following must a buyer agent disclose to his client regarding
the heating system in a residential property? - Answer✔️✔️-Malfunctions
within the past two years
In Maine, information regarding the location of a leach field must be
disclosed to the buyer: - Answer✔️✔️-Prior to or during the preparation of
the offer.
In Maine, a licensee is NOT required to provide a copy of the Real Estate
Brokerage Relationships Form to a prospective buyer or seller: -
Answer✔️✔️-For a property with less than 1 or more than 4 residential
dwelling units. If the licensee is acting solely as a principal, not as an agent
for another. When the written communication from the licensee is a
solicitation of business.
In Maine, a seller agent's obligations to his or her client would include: -
Answer✔️✔️-Presenting additional offers after the property is securely
under contract with a confirmed closing date.
A Maine licensee shall disclose, in the offer to purchase, that the licensee is
acting in self interest and that she is a real estate licensee EXCEPT when: -
Answer✔️✔️-Selling her own primary residential home.
When it comes to assuring good title, Maine is a: - Answer✔️✔️-Race Notice
state.
The best way for a licensee to determine the boundaries of a property is to:
- Answer✔️✔️-Have the property surveyed by a licensed surveyor.
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