Maine Real Estate Test Questions and Answers (Graded A+)

A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. B. Any licensee with an active Broker license. C. A former licensee who is not actively engaged in the practice of real estate. D. An attorney who assists a client with a real estate transaction. - Answer-A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. In Maine, when must a licensee furnish various documents, including copies of offers, counteroffers and all types of contracts to a consumer? A. At the time of their signatures B. Within a reasonable amount of time after their signatures C. Prior to depositing any earnest monies in the agency trust account D. Prior to the seller signing the deed - Answer-A. At the time of their signatures 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: A. Selling her own primary residential home. B. Buying real estate not listed with a real estate agency. C. Buying real estate listed with the licensee's agency. D. Buying real estate and sharing in the brokerage fee resulting from the sale. Your answer: C. Buying real estate listed with the licensee's agency. No, the correct answer is - Answer-A. When buying property, a licensee is required by Maine law to disclose that she is a licensee In Maine, a licensee is NOT required to provide a copy of the Real Estate Brokerage Relationships Form to a prospective buyer or seller: A. For a property with less than 1 or more than 4 residential dwelling units. B. If the licensee is acting solely as a principal, not as an agent for another. C. When the written communication from the licensee is a solicitation of business. D. All of the above. Your answer: . Yes, this is the correct answer as answers A, B and C are all correct. - Answer-D. All of the above