Maine Real Estate Exam Questions with Complete Solutions 2023

Fiduciary duties include... - Answer-OLD CARD Obedience loyalty disclosure confidentiality accounting reasonable care diligence what survives closing? - Answer-confidentiality and accounting associatebroker/broker licensees must complete - Answer-21 hours of approved education RE brokerage relationship form (form 3) must be... - Answer-provided to consumer at firsts substantive communication regarding RE transaction. Maybe be writing, face to face, email etc Brokerage agreement - - Answer-must be in writing Signature of client Terms and conditions of services Method or amounts of compensation Date agreement will expire Statement that agreement creates agency client relationship carryover clause - Answer-brokerage agreement may not be enforced on client who in good faith engages services of another re brokerage agency following the first brokerage agreement county regristry of deeds - Answer-COUNTY REGISTRY OF DEEDS Deed Easements Liens Plats for subdivision Mortgages and discharges city/town hall - Answer-CITY/TOWN HALL Property tax information including exemptions Property card with assessors information Building permits Zoning