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

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 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 license in ...

Maine Real Estate Law Exam Questions and Answers

Maine Real Estate Law Written Exam 2024. Call bids at a real estate auction. - correct answer In Maine, a person without a real estate license may: A single instance of offering, attempting to conduct, or conducting real estate services on behalf of another for compensation. - correct answer Under Maine law, "real estate brokerage' means: Prospective clients at the time of entering into a brokerage agreement. - correct answer In Maine an agency that has a company policy that permits dis...

Maine Real Estate Law Exam Prep Study Study A buyer is "under contract" to purchase a property. The subagent of the listing agency finds out that the buyer just lost his job. What is the duty of the subagent? ️Inform the listing agency A condo association uses its By Laws to: ️Govern the day-to-day operations of the condo association A designated broker in Maine is: ️Responsible for the brokerage activities of anyone in her real estate brokerage agency. A Maine licensee shall...

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? - 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 license in order ...

Maine Real Estate Law questions with correct answer1

Maine Real Estate LawA client must be informed as to the real estate brokerage agency's appointed agency policy and: - correct answer 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: - correct answer Confidential negotiating strategy not disclosed in the sales offer as terms of the sale. ...

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

In Maine, a person without a real estate license may: - Call bids at a real estate auction. Under Maine law, "real estate brokerage' means: - A single instance of offering, attempting to conduct, or conducting real estate services on behalf of another for compensation. In Maine an agency that has a company policy that permits disclosed dual agency must provide a disclosed dual agency consent agreement to: - Prospective clients at the time of entering into a brokerage agreement. In Mai...

Maine Real Estate Law TRELG CourseYou 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 ...