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

In Maine, an agency relationship begins when the - 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: - ANSWER-The client. Which of the following statements is true? For an agent to become an appointed agent in Maine: - ANSWER--The agency must have adopted the appointed agent concept. -The client must agree in writing to allow the agent to serve as ...

Abstract of Title - ANSWERA _____ exam summary prepared from the records in the registry of deeds Accounting - ANSWEROne of the seven fiduciary duties of an agent to a client: agent must report to the client how money held for the client is to be handled Accretion - ANSWERThe process by which a brook, river, stream or oceanic action adds land to an existing parcel Adjustments - ANSWERFor CMA: sold properties are used to estimate a sales price - the __________ is for differences in the p...

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 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...

Abstract of Title - Answer-A _____ exam summary prepared from the records in the registry of deeds Accounting - Answer-One of the seven fiduciary duties of an agent to a client: agent must report to the client how money held for the client is to be handled Accretion - Answer-The process by which a brook, river, stream or oceanic action adds land to an existing parcel Adjustments - Answer-For CMA: sold properties are used to estimate a sales price - the __________ is for differences in t...

Maine Law Real Estate TRELG Study Guide Exam . 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 - correct 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 bro...

Real Estate- Maine Learning Group Study Guide Test 2024. Equitable Right of Redemption - correct answer The right of a defaulted borrower to redeem the property after foreclosure proceedings have begun & before the foreclosure sale by paying off the loan balance, plus interest until the day of payoff & costs. Written Policy Manual - correct answer Identifies & describes the types of real estate brokerage relationships in which the broker & affiliated licenses may engage. (Maine requirement) ...

Maine Real Estate Vocabulary- TRELG Study Guide Test 2024. Aesthetic zoning: - correct answer This type of zoning requires new builds to meet specific types of architecture styles, may and limit the colors used and the size of signs in commercial areas. Affirmative easement: - correct answer An easement that allows a party to do something that normally would not be allowed. See negative easement. Agency: - correct answer As an adjective, it describes the relationship between an agent and ...

Maine Real Estate Final Exam Study Guide Test 2024. Two 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 a...

MAINE REAL ESTATE TEST STUDY EXAM NEW UPDATE QUESTIONS AND ANSWERS 2023

In Maine, an agency relationship begins when the - 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: - ANSWER-The client. Which of the following statements is true? For an agent to become an appointed agent in Maine: - ANSWER--The agency must have adopted the appointed agent concept. -The client must agree in writing to allow the agent to serve as ...