Maine real estate law Study guides, Class notes & Summaries

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In Maine, a person without a real estate license may: - ANSWER-Call bids at a real estate auction. Under Maine law, "real estate brokerage' means: - ANSWER-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: - ANSWER-Prospective clients at the time of entering into a brokerage...

Maine Real Estate Law questions with correct answers.

Maine Real Estate Law Review Practice Test 2024. A 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 ...

A 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. The Maine Real Estate ...

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 Law Questions and Answers 100% Pass 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. Th...

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 ...

Maine Real Estate Law A 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...

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...

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 li...