EXAM 2026 WITH REAL QUESTIONS AND
EXPERT-VERIFIED CORRECT ANSWERS |
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SUCCESS | TRELG MAINE REAL ESTATE
LATEST EXAM 2026
The day-to-day business of the Maine Real Estate Commission is managed by
the:
A. Maine Senate.
B. Maine House of Representatives.
C. Director of the Maine Real Estate Commission.
D. Attorney General of the state of Maine. - ANSWER-Director of the Maine
Real Estate Commission. - The Director manages the day-to-day business of the
Maine Real Estate Commission.
In Maine, a resale certificate is delivered to the buyer of a(n):
A. Single-family property.
B. Parcel of vacant land.
C. Apartment in a cooperative.
D. Condominium unit. - ANSWER-Condominium unit.
The town of Cape Elizabeth, Maine has a document that serves as a guide for
public and private land use within the town. This document is called a:
,A. CC&R.
B. Certificate of occupancy.
C. Declaration of condominium.
D. Master or Comprehensive Plan. - ANSWER-Master or Comprehensive Plan.
Every municipality has a Master or Comprehensive Plan that serves as a guide
for the future use of land in the municipality.
In Maine, real estate brokerage advertisements must contain:
A. The trade name as licensed by the Maine Real Estate Commission of the real
estate brokerage agency.
B. The telephone number of the licensee who placed the advertisement.
C. A picture of the licensee who placed the advertisement.
D. An email address for the real estate brokerage agency. - ANSWER-The trade
name as licensed by the Maine Real Estate Commission of the real estate
brokerage agency.
Seashore Realty in coastal Maine offers a $250 Home Depot gift card to any
buyer who signs a buyer representation agreement with the brokerage agency
during the month of March. This inducement is MOST LIKELY:
A. Illegal in Maine as inducements must have a value of less than $100.
B. Legal in Maine as the value does not distort the value of the real estate
service being offered by Seashore Realty.
C. Illegal in Maine as all inducements must be offered equally to both buyer and
seller clients of Seashore Realty.
D. Illegal in Maine as all inducements to enter a brokerage agreement are
prohibited by law. - ANSWER-Legal in Maine as the value does not distort the
value of the real estate service being offered by Seashore Realty.
The parties to the contract agree to resolve disputes regarding earnest money in:
A. A hearing at the REALTOR board.
B. A hearing before the Maine Real Estate Commission.
, C. Mediation.
D. Small claims court. - ANSWER-Small claims court. Disputes regarding
earnest money are resolved in small claims court.
The definition of a business day excludes Saturdays, Sundays, and:
A. Major religious holidays.
B. Any observed Maine or Federal holidays.
C. Holidays observed in any state.D. Days when banks are closed due to bad
weather. - ANSWER-Any observed Maine or Federal holidays.
According to the Maine Real Estate Commission rules, whose signature must
appear on the Property Disclosure form?
A. Signatures of the real estate licensees involved in the transaction
B. Signature of the seller
C. Signatures of both the buyer and seller
D. No signatures are required on the Property Disclosure form - ANSWER-No
signatures are required on the Property Disclosure form. Although the policy of
most agencies is to have the signatures of both the buyers and sellers on the
form, the rules do not require it.
A Maine real estate licensee may offer a decorating allowance of $5000 as a
prize to the people who purchase one of her listings before the end of the month
provided that:
A. The value of the prize is less than $10,000.
B. She gets permission from the Attorney General before advertising the prize.
C. This does not mislead the public about the value of the real estate or services.
D. She does it "under the table" as an inducement to buy. - ANSWER-This does
not mislead the public about the value of the real estate or services.
Of the following choices, where is a Maine licensee most likely to find
information about a permit for a private septic system located in a town?