Maine real estate course - Study guides, Class notes & Summaries

What is the definition of Real Estate - Answer-Real Estate is land and everything more or less permanently attached to it, like buildings, sidewalks, and naturally growing trees. What is personal property? - Answer-Pots and pans, garden tools, furniture that can be moved, moveable electronics like lamps, radio table top tv etc. What is a fixture? - Answer-Track lighting fastened to the ceiling, TV antenna attached to building, built in dishwasher, built in microwave Is a fixture conside...

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Maine Real Estate Law TRELG Course questions with correct answers

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Maine Real Estate Course Questions with Correct Answers

Maine Real Estate Law TRELG Course Study Guide Test 2024. You are a real estate licensee in Maine. Your friend Andrew, who is not a real estate licensee, asks if you will pay him $250 for every sales lead he sends you. What do you tell him? - correct answer I can't pay referral fees to someone who is not a real estate licensee. Elwood holds a Maine auctioneer license. He wants to call bids at a real estate auction and take custody of the earnest money from the highest bidder. Does Elwood ne...

Who established the Maine Real Estate Commission (MREC) and when? correct answer: The Maine Real Estate Commission (MREC) was established by an Act of the Maine Legislature in 1937. What is the policy/mission of the MREC? correct answer: The policy or mission of the MREC is to supervise licensees "in a manner to ensure that they meet standards which will promote public understanding and confidence in the business of real estate brokerage". Section 13061. Who appoints the commissioners?...

What is the definition of Real Estate - ANSWERReal Estate is land and everything more or less permanently attached to it, like buildings, sidewalks, and naturally growing trees. What is personal property? - ANSWERPots and pans, garden tools, furniture that can be moved, moveable electronics like lamps, radio table top tv etc. What is a fixture? - ANSWERTrack lighting fastened to the ceiling, TV antenna attached to building, built in dishwasher, built in microwave Is a fixture considered...

Maine Sales Agent Course Quiz #1 Correctly Answered 2024. What powers does the Maine Real Estate Commission have? - correct answer 1. Enforce Real Estate License Law and Rules 2. Discipline Real Estate Licensees 3. Oversight of education programs 4. Issue Licenses What types of licenses does the Maine Real Estate Commission issue? - correct answer 1. Sales Agent 2. Associate Broker 3. Broker 4. Designated Broker (Sometimes referred to as the Broker, DB, Principal Broker, ...

Maine Real Estate Law TRELG Course Questions With 100% Complete Solutions.