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

Maine Law Exam Flash Cards TRELG What is a branch office? A location where business is regularly conducted or that is advertised as where the public may contact the agency. What is the maximum fine that LUPC (Land Use Planning Commission) can impose for a violation? $10,000 per day How old must you be to apply for a real estate license in Maine? 18 years old Shoreland areas include area within how many feet of the normal high-water line of a great pond? 250 feet For how many...

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...

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...

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 t...

Maine Real Estate Law TRELG Course Exam Questions and Answers-Graded A

Maine real estate 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? - correct answer 250 feet how many hour...

Maine Law Exam Flash Cards TRELG Questions and Answers What is a branch office? A location where business is regularly conducted or that is advertised as where the public may contact the agency. What is the maximum fine that LUPC (Land Use Planning Commission) can impose for a violation? $10,000 per day How old must you be to apply for a real estate license in Maine? 18 years old Shoreland areas include area within how many feet of the normal high-water line of a great pond?...

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...

For what minimum period of time must a real estate brokerage agency retain copies of rejected offers and counteroffers? A. 1 year B. 2 years C. 3 years D. 5 years No, rejected offers and counteroffers must be retained for 1 year. 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 est...