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

Maine Real Estate Agent License Exam Prep with complete solutions

Maine Real Estate Agent License Exam Prep with complete solutions

Maine Real Estate Agent License Exam Prep with complete solutions

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 policy or mission of the MREC is to supervise licensees "in a manner to ensure that they meet standards which will promote public understanding and confidence in the business of real estate brokerage". Section 13061. Who appoints the commissioners? How long do the...

Maine Questions With Verified Answers A 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 estate. D. An attorney who assists a client with a real estate transaction. A A Maine licensee shall disclose, in the offer to purchase, that the licensee is acting in self interest and that she is a re...

Maine Real Estate Exam Questions And Answers 2024. An employer is responsible for direction a ( ) 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 - correct answer independent contractors Every real estate brokerage should adopt a ( ) that identifies and describes the types of real estate brokerage relationships in which the broke and affiliated licenses may engage - correct answer written compa...

Maine Real Estate 1 - 6Fred 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 Contractor Agreement - corr...

Maine Real Estate Exam An employer is responsible for direction a ( ) 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 - correct answer independent contractors Every real estate brokerage should adopt a ( ) that identifies and describes the types of real estate brokerage relationships in which the broke and affiliated licenses may engage - correct answer written company poilicy license laws a...

List three areas in which the Maine Real Estate Commission may establish guidelines and rules. CORRECT ANSWER 1. Licensing, 2. Prescription of curricula and standards for education, 3. Investigations of licensee conduct. List the two requirements to go from Sales Agent to Associate Broker CORRECT ANSWER 1. 2 years as a sales agent, 2. Pass exam and course with 75% or better. List five things that the Maine Real Estate Commission may discipline a licensee for CORRECT ANSWER 1. Gross Neglige...