Maine Real Estate License Practice Exam Questions 2024.

Maine Real Estate License Practice Exam Questions 2024. Who is an employer responsible for directing a(n) as to both what is to be done and how it is to be done? - correct answer Employee Real estate licensees almost always sign an Independent Contractor Agreement with their company they are called what? - correct answer Independent Contractors Every real estate brokerage adopts this document that identifies and describes the types of real estate brokerage relationships in which the broker and affiliated licensees may engage? - correct answer Written Company Policy Is a written company policy a requirement in Maine? - correct answer Yes License laws and rules apply to ALL licensees within the state, whereas the NAR _______ applies only to those who join the REALTOR® organization. - correct answer Code of Ethics Each market has a system whereby each company can promote its listed properties to other companies who may have a buyer for its properties. The purpose of these __________ is to facilitate the bringing together of sellers and buyers in a market. - correct answer Multiple Listing Services (MLS) If you choose to become affiliated with a broker who is a member of a franchise, you will probably be expected to __________ for that membership that is often in addition to the standard fees brokerages in your area charge licensees. - correct answer Pay A Fee A __________ is someone who owns an unincorporated business by himself or herself, and is personally liable for the debts of the business. - correct answer Sole Proprietor