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

Maine Real Estate License Practice Exam part 2 Questions and Answers 100% CorrectMaine Real Estate License Practice Exam part 2 Questions and Answers 100% CorrectMaine Real Estate License Practice Exam part 2 Questions and Answers 100% CorrectMaine Real Estate License Practice Exam part 2 Questions and Answers 100% Correct 65 Marsha and Paula both work for Undertow Realty in Castine. The Designated Broker has decided to practice appointed agency at Undertow Realty. Marsha is the appointed age...

Most land uses are subject to regulation of Maine's Mandatory Shoreland Zoning Act when they are within how many feet of a river, wetland, lake, or ocean? - ANSWER250 feet Most land uses are subject to regulation of Maine's Mandatory Shoreland Zoning Act when they are within how many feet of certain streams? - ANSWER75 feet The Shoreland Zoning Act is regulated by whom? - ANSWEREach municipality and enforced by the local Code Enforcement Officer In order for a single family residentia...

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. - ANSWER-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 client of a real estate agency to the exclusion of other...

For what minimum period of time must a real estate brokerage agency retain copies of rejected offers and counteroffers? A. 1 year B. 2 years C. 3 years D. 5 years - ANSWER-No, rejected offers and counteroffers must be retained for 1 year. A designated broker in Maine is: A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. B. Any licensee with an active Broker license. C. A former licensee who is not actively engaged in the practice of real...

Fixture - ANSWERAn object that has been attached to land so as to become real estate. An article of personal property which has been installed in or attached to land or a building thereon, in such a manner that it is now considered to be a part of the real estate. Improvements - ANSWERBeneficial attachments to raw land that increase its value or improve its usefulness. Meridians - ANSWERImaginary north-south lines which intersect base lines to form a starting point for the measurement of ...

Maine Real Estate Law Exam Prep Questions and Answers 100% AccurateMaine Real Estate Law Exam Prep Questions and Answers 100% AccurateMaine Real Estate Law Exam Prep Questions and Answers 100% Accurate 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 ...

In Maine, a person without a real estate license may: - ANSWERCall bids at a real estate auction. Under Maine law, "real estate brokerage' means: - ANSWERA 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: - ANSWERProspective clients at the time of entering into a brokerage ag...

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 - ANSWER-C. Promote public confidence in the real estate industry The industry members on the Maine Real Estate Commission are: a. Ci...

A licensee operating a "business within a business." Not required to work 40 hours a week. - ANSWERAn independent contractor is: The brokerage Policy and Procedures Manual will address the agency relationship policies and the practices of the company. - ANSWERWhen considering which agency to join, a candidate who intends to be an independent contractor should consider the company Policy and Procedures Manual because it will address: REALTORS - ANSWERWhich of the following real estate in...

Maine Real Estate Law TRELG Course with Complete SolutionsMaine Real Estate Law TRELG Course with Complete SolutionsMaine Real Estate Law TRELG Course with Complete SolutionsMaine Real Estate Law TRELG Course with Complete SolutionsMaine Real Estate Law TRELG Course with Complete Solutions 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? - ANSWER-I can't pay r...