Maine real estate - Study guides, Class notes & Summaries

Maine Real Estate License Practice ExamSection 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 - correct answer C. Promote public confidence in the real estate industry The industry members ...

Maine Real Estate License Practice Exam questions with correct answers

Maine Real Estate License Practice Exam PART 1 questions with correct answers

2. One of the types of ownership recognized in Maine is: a. Joint fee simple b. Fee Simple Absolute c. Estate for Years d. Free Estate CORRECT ANSWER b. Fee Simple Absolute 3. Transferring real estate in Maine must: a. Be done by a lawyer b. Be done by written deed c. Be to a person at least 18 years old to be binding d. Be for monetary compensation CORRECT ANSWER c. Be to a person at least 18 years old to be binding 4. Taking title to real estate through possession is ca...

A client must be informed as to the real estate brokerage agency's appointed agency policy and: - Give written consent to that policy in advance of entering into a brokerage agreement. A disclosed dual agent may disclose any information to one party that the licensee gains from the other party if the information is relevant to the transaction except: - Confidential negotiating strategy not disclosed in the sales offer as terms of the sale. The Maine Real Estate Commission may not impose d...

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Maine Real Estate License Practice Exam PART 1 Correctly Answered 2024.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 - correct answer C. Promote public confidence in the real estate i...

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