Maine property disclosure - Study guides, Class notes & Summaries
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REAL ESTATE FINAL EXAM PREDICTIONS QUESTIONS 2024.
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REAL ESTATE FINAL EXAM PREDICTIONS QUESTIONS 2024. 
1. In preparing an estimate of value for a client, an agent must consider: 
 
A. The principle of contribution. 
B. The principle of substitution. 
C. Regional economic forces. 
D. All of the above. - correct answer All of the above 
 
A fixture is considered to be: - correct answer Real Property 
 
A seller who defaults on a contract for the sale of real estate may find himself: - correct answer Before a court that may order specific performa...
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Maine Real Estate Law Exam Prep Correctly Answered 2024.
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Maine Real Estate Law Exam Prep Correctly Answered 2024. 
In Maine, a person without a real estate license may: - correct answer Call bids at a real estate auction. 
 
Under Maine law, "real estate brokerage' means: - correct 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 agreemen...
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REAL ESTATE FINAL questions and answers rated A+ 2023/2024
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REAL ESTATE FINAL1. In preparing an estimate of value for a client, an agent must consider: 
 
A. The principle of contribution. 
B. The principle of substitution. 
C. Regional economic forces. 
D. All of the above. - correct answer All of the above 
 
A fixture is considered to be: - correct answer Real Property 
 
A seller who defaults on a contract for the sale of real estate may find himself: - correct answer Before a court that may order specific performance. 
 
Unless a consumer has specif...
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Maine Real Estate Study fully solved graded A+ 2023/2024
- Exam (elaborations) • 13 pages • 2023
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Maine Real Estate StudyIn Maine, an agency relationship begins when the - correct answer Buyer or seller and agency sign an agreement establishing the agency relationship. 
 
Where a licensee has an agency relationship with a client, his/her most important duties are owed to: - correct answer The client. 
 
Which of the following statements is true? For an agent to become an appointed agent in Maine: - correct answer -The agency must have adopted the appointed agent concept. 
-The client must a...
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Maine Real Estate Prep questions and answers graded A+ 2023/2024
- Exam (elaborations) • 8 pages • 2023
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Maine Real Estate PrepTwo fiduciary duties that never expire - correct answer confidentiality and accounting 
 
when must a client give consent to a disclosed dual agency? - correct answer at the time the client signs a listing agreement or buyer representation agreement with the brokerage agency 
 
A maine real estate licensee must present the real estate brokerage relationships form to a consumer when engaged in a substantive communication regarding a - correct answer 3-unit residential apartm...
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Maine Real Estate Law Written Exam 2024.
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Maine Real Estate Law Written Exam 2024. 
Call bids at a real estate auction. - correct answer In Maine, a person without a real estate license may: 
 
A single instance of offering, attempting to conduct, or conducting real estate services on behalf of another for compensation. - correct answer Under Maine law, "real estate brokerage' means: 
 
Prospective clients at the time of entering into a brokerage agreement. - correct answer In Maine an agency that has a company policy that permits dis...
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Maine Real Estate Law Exam Prep! Study Study question n answers graded A+ 2023/2024
- Exam (elaborations) • 7 pages • 2023
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Maine Real Estate Law Exam Prep! Study StudyIn Maine, a person without a real estate license may: - correct answer Call bids at a real estate auction. 
 
Under Maine law, "real estate brokerage' means: - correct 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: - correct...
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Maine Laws TRELG question n answers graded A+ already passed 2023/2024
- Exam (elaborations) • 10 pages • 2023
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Maine Laws TRELG 
In Maine, a person without a real estate license may: 
A. Receive a referral fee. 
B. Receive compensation for finding a buyer for a piece of property. 
C. Sell a relative's house and receive a fee not to exceed 5%. 
D. Call bids at a real estate auction. - correct answer D. An unlicensed person may call bids at a real estate auction. 
 
Under Maine law, "real estate brokerage' means: 
A. The full-time practice of real estate over a two year period. 
B. To act solely for the...
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Maine Law Real Estate TRELG with Verified Answers
- Exam (elaborations) • 14 pages • 2023
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True or False: With appointed agency, one affiliated licensee represents the client to the exclusion of all other affiliated licensees of the brokerage agency; more than one may be appointed if there is a team or a licensee is covering for vacation. 
A. TrueB. False - Answer-A. True 
 
When must a client give consent to disclosed dual agency? 
A. At the time the client signs a listing agreement or buyer representation agreement with the brokerage agencyB. When the client encounters a situation t...
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Maine Real Estate Law question n answers rated A+
- Exam (elaborations) • 5 pages • 2023
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Maine Real Estate LawCall bids at a real estate auction. - correct answer In Maine, a person without a real estate license may: 
 
A single instance of offering, attempting to conduct, or conducting real estate services on behalf of another for compensation. - correct answer Under Maine law, "real estate brokerage' means: 
 
Prospective clients at the time of entering into a brokerage agreement. - correct answer In Maine an agency that has a company policy that permits disclosed dual agency mu...
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