Maine property disclosure - Study guides, Class notes & Summaries

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 Maine an agency that has a company policy that permits disclosed dual agency must provide a disclosed dual agency consent agreement to: - ANSWER-Prospective clients at the time of entering into a brokerage...

Maine Practice Exam Questions With Correct Answers . 1. 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 Your answer: D. Call bids at a real estate auction. 2. Under Maine law, "real estate brokerage' means: A. The full-time practice of real estate over a two year...

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...

. 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 one year extension due to documented extenuating circumstances - d. ...

In 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 ANSWER Prospective clients at the time of enterin...

Maine Law Real Estate TRELGTrue 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 brokerage agencyB. When ...

Maine Quiz 11. 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 Your answer: D. Call bids at a real estate auction. 2. 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 ...

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 disclose, in the offer to purchase, that the license...

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 disclosed dual agency must provide a disclosed dual...

Maine Laws TRELG Exam Questions Correctly Answered. 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 yea...