Maine Real Estate Law Exam Prep! Study 2024

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 Maine, property disclosure must be: - In writing Jill lists a convenience store with an apartment on the second floor. Jill must ask the seller for disclosure information on: - The location of the private water supply. Which of the following must a buyer agent disclose to his client regarding the heating system in a residential property? - Malfunctions within the past two years In Maine, information regarding the location of a leach field must be disclosed to the buyer: - Prior to or during the preparation of the offer. In Maine, a licensee is NOT required to provide a copy of the Real Estate Brokerage Relationships Form to a prospective buyer or seller: - For a property with less than 1 or more than 4 residential dwelling units. If the licensee is acting solely as a principal, not as an agent for another. When the written communication from the licensee is a solicitation of business. In Maine, a seller agent's obligations to his or her client would include: - Presenting additional offers after the property is securely under contract with a confirmed closing date. A Maine licensee shall disclose, in the offer to purchase, that the licensee is acting in self interest and that she is a real estate licensee EXCEPT when: - Selling her own primary residential home. When it comes to assuring good title, Maine is a: - Race Notice state. The best way for a licensee to determine the boundaries of a property is to: - Have the property surveyed by a licensed surveyor.