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

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 Prep questions with correct answers.

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 Prep Exam Questions And Answers 2024.Who supervises the activities of affiliated licensees, the activities of the unlicensed persons affiliated with the agency (for example, the administrative staff), and the operation of the agency? - correct answer The Designated Broker Designated Broker - correct answer Supervises activities of affiliated licensees, the activities of unlicensed persons affiliated with the agency, (for example, the administrative staff), and the operation ...

TRELG - Maine Real Estate Exam Prep - Additional Maine Related Questions and answers

Maine Real Estate Prep-Exam 2024.What is a branch office? - 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? - ANSWER 18 What is the maximum fine that LUPC can impose for a violation? - ANSWER $10k per day Shoreland areas include area within how many feet of the normal high-water line of great pond? - ANSWER 250 feet how many hours must you attend ...

Maine Real Estate Prep Exam Questions 2024. Independent contractor - correct answer What is the legal relationship of a licensee to an agency Fructus industrials - correct answer Annual crops like corn or lettuce classified as personal property. Seller can harvest fruits of labor only one time after the sale of the property. Also called emblements Fructus naturales - correct answer Apple trees, blueberry bushes. Perennials. Seller can not reenter to harvest. Independent Contractor - co...

Maine Real Estate PrepTwo 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 apartm...

Maine Real Estate PrepTwo 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 apartm...

Maine - Real Estate Exam Prep Questions With Complete Solutions