Maine real estate Study guides, Class notes & Summaries

Abstract of Title CORRECT ANSWER A _____ exam summary prepared from the records in the registry of deeds Accounting CORRECT ANSWER One of the seven fiduciary duties of an agent to a client: agent must report to the client how money held for the client is to be handled Accretion CORRECT ANSWER The process by which a brook, river, stream or oceanic action adds land to an existing parcel Adjustments CORRECT ANSWER For CMA: sold properties are used to estimate a sales price - the __________...

Designated Broker CORRECT ANSWER NH - Principal broker Responsible for reasonable supervision License Equivalents CORRECT ANSWER -NH Salesperson = ME Associate Broker -NH Broker = ME Broker -NH Facilitator = ME Transaction Broker -NH Designated Agency = ME Appointed Agency -Sales agent - non-renewable apprentice license Designated Broker Responsibilities CORRECT ANSWER -Review and initial all contracts, advertising, CMAs for sales agents for the first 90 days -Review Field Experience...

MAINE REAL ESTATE LICENSE PRACTICE EXAM MULTIPLE QUESTIONS WITH 100% CORRECT ANSWERS.MAINE REAL ESTATE LICENSE PRACTICE EXAM MULTIPLE QUESTIONS WITH 100% CORRECT ANSWERS.MAINE REAL ESTATE LICENSE PRACTICE EXAM MULTIPLE QUESTIONS WITH 100% CORRECT ANSWERS.MAINE REAL ESTATE LICENSE PRACTICE EXAM MULTIPLE QUESTIONS WITH 100% CORRECT ANSWERS.MAINE REAL ESTATE LICENSE PRACTICE EXAM MULTIPLE QUESTIONS WITH 100% CORRECT ANSWERS.MAINE REAL ESTATE LICENSE PRACTICE EXAM MULTIPLE QUESTIONS WITH ...

Maine Real Estate License Practice Exam Questions with 100% Correct Answers | Verified | Latest Update

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...

Two 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 apartment building. It is not requ...

Maine Real Estate Exam #2 questions with correct answers

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? CORRECT ANSWER I can't pay referral fees to someone who is not a real estate licensee. Elwood holds a Maine auctioneer license. He wants to call bids at a real estate auction and take custody of the earnest money from the highest bidder. Does Elwood need a real estate license in addition to his auctioneer licens...

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...

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