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

Maine Real Estate Law TRELG Course Questions With 100% Complete Solutions.

Maine Real Estate Agent License Exam Prep 2023-2024 Questions and Answers 100% Correct Maine Real Estate Agent License Exam Prep 2023-2024 Questions and Answers 100% Correct Maine Real Estate Agent License Exam Prep 2023-2024 Questions and Answers 100% Correct 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...

Maine Real Estate Sales Agent Course - Chapter 1What does the MREC stand for ? - correct answer Maine Real Estate Commission When was the MREC established and by what act? - correct answer Act of Maine Legislature in 1937 What is the policy/mission of the MREC? - correct answer supervise licensees "in a manner to ensure that they meet standards which will promote public understanding and confidence in the business of real estate brockerage" What are the six tools the MREC uses to supe...

Maine sales agent course quiz #1What powers does the Maine Real Estate Commission have? - correct answer 1. Enforce Real Estate License Law and Rules 2. Discipline Real Estate Licensees 3. Oversight of education programs 4. Issue Licenses What types of licenses does the Maine Real Estate Commission issue? - correct answer 1. Sales Agent 2. Associate Broker 3. Broker 4. Designated Broker (Sometimes referred to as the Broker, DB, Principal Broker, Broker in charge, etc.) Ap...

Maine Real Estate Final Exam Prediction Questions 2024. What is a branch office? - correct answer A location where business is regularly conducted or that is advertised as where the public may contact the agency. How old must you be to apply for a real estate license in Maine? - correct answer 18 What is the maximum fine that LUPC can impose for a violation? - correct answer $10k per day Shoreland areas include area within how many feet of the normal high-water line of great pond? - co...

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...

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...

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...

Maine Real Estate Law Exam Questions & Answers Verified 100% Correct!! 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 ...