Maine property disclosure - Study guides, Class notes & Summaries

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 ...

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...

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...

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...

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...

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...

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...

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...

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...

Maine Real Estate Law Exam Prep Study Study A buyer is "under contract" to purchase a property. The subagent of the listing agency finds out that the buyer just lost his job. What is the duty of the subagent? ️Inform the listing agency A condo association uses its By Laws to: ️Govern the day-to-day operations of the condo association A designated broker in Maine is: ️Responsible for the brokerage activities of anyone in her real estate brokerage agency. A Maine licensee shall...