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

Maine Real Estate License Practice Exam | with complete solution Section 1 - Maine Real Estate Commission (2) The primary function of the Maine Real Estate Commission is? A. Enforce the rules and regulations by holding hearings on complaints B. Issue real estate licenses to qualified candidates C.. Promote public confidence in the real estate industry D. Oversee audits and continuing education of practicing licensees - C. Promote public confidence in the real estate industry The indu...

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...

REAL ESTATE FINAL EXAM 2024. How many industry members serve on the Maine Real Estate Commission? - correct answer 4 What type of real estate development includes a variety of land uses such as single family homes, rentals, retail, and recreation space? - correct answer PUD (Planned Unit Development) Two forms of Joint ownership are: - correct answer Joint Tenancy and Tenants in Common If property is owner in severalty, it is owned by: - correct answer One person or corporation The ...

Maine Law Real Estate TRELG Exam Questions With Correct Answers Graded A+ 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 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 w...

Maine Real Estate 1 - 6 Written Exam Rated A+. Fred wants to put an addition on his hunting camp located in an unorganized township in Maine. He must apply to ________ fora building permit - correct answer (LUPC) Land Use Planning Committee An employer is responsible for directing a(n)______________as to both what is to be done and how it is to be done. - correct answer Employee Real estate licensees are almost always___________ ______________with their company;they sign an Independent Co...

TSI Testing 126 Questions with Verified Answers In 2010, talk show host Oprah Winfrey and novelist Jonathan Franzen kissed and made up after a nine-year feud. In 2001, Franzen was disinvited from appearing on Winfrey's TV show to pitch his novel The Corrections after he made it clear that he was unhappy about the book's being chosen for the Oprah Book Club. Describing his work as "in the high-art literary tradition," Franzen said he didn't want to be associated with the Club, which he a...

Real Estate Exam Prep Quiz Correctly Answered 2024. The purpose of the Maine Real Estate Commission is to? - correct answer Promote public understanding and confidence in the business of Real Estate Brokerage The Maine Real Estate Commission consists of? - correct answer 4 industry members and 2 public members The maximum fine that may be imposed by the Maine Real Estate - correct answer $2000 per violation What type of Real Estate development includes a variety of land uses such as *s...

Maine Real Estate Agent License Exam Prep 2023-2024 Questions and Answers 100% Correct Maine Real Estate Agent License Exam Prep 2023-2024 Questions and Answers 100% Correct Maine Real Estate Agent License Exam Prep 2023-2024 Questions and Answers 100% Correct Who established the Maine Real Estate Commission (MREC) and when? - 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? - ANSWER-The...

Maine Real Estate License Practice Exam Verified Answers Mark Swanson from Skowhegan has a Sales Agent license in the state of Maine that will expire on September 30. Which of the following is true? a. He must stop practicing real estate of October 1 b. He may apply for a Broker's license as long as he completes the course prior to or on November 30 c. He must complete the required education for an Associate Broker's license prior to or on September 30 d. He can apply for a on...

MAINE STATE EXAM The most common manner in which to transfer risk in real estate property management is through the use of: A. indemnification agreements. B. insurance policies. C. hold harmless agreements. D. release of liability forms. - correct answer B. In risk management, the most common and effective manner in to transfer risk is by the use of insurance policies. The property owner pays a premium, and the insurance company takes on the liability for the occurrence of the insured ev...