MAINE REAL ESTATE LAW EXAMINATION 2025/2026
QUESTIONS WITH ANSWERS GRADED A+
✔✔Jenny wants to build a garage on a piece of land that borders a great pond. The
garage would be 200 feet away from the normal high-water line of the great pond. Her
town does not allow any building in the shoreland zone. Will Jenny be allowed to build
the garage? - ✔✔No, the garage would be in the shoreland area that is within 250 feet
of the great pond.
✔✔The designated broker is responsible for having a written company policy covering: -
✔✔The type of real estate relationships in which the agency may
engage.
✔✔You are a real estate licensee in Maine. Your friend Andrew, who is not a real estate
licensee, asks if you will pay him $250 for every sales lead he sends you. What do you
tell Andrew? - ✔✔I can't pay referral fees to someone who is not a real estate licensee.
✔✔Elwood holds a Maine auctioneer license. He wants to call bids at a real estate
auction and take custody of the earnest money from the highest bidder. Does Elwood
need a real estate license in addition to his auctioneer license in order to do this? -
✔✔Yes
✔✔What are the maximum penalties that the Maine Real Estate Commission may
impose for violating real estate license law? - ✔✔$2000 per violation plus the amount of
compensation received in the subject transaction, revocation or suspension of license
✔✔Each industry member of the commission must have been a broker or associate
broker in Maine for at least how many years prior to appointment? - ✔✔5 years
✔✔Two years ago, Susan's massage therapist license was suspended because she
misused a client's credit card. When may Susan be considered eligible for a Maine real
estate license? - ✔✔She must wait one more year for a total of 3 years, and the
commission may or may not approve her real estate license.
✔✔In addition to fines up to $2000 per violation, suspension or revocation of license,
what other penalties might the commission impose? - ✔✔Reprimand, require person to
comply with terms and conditions, report findings to Attorney General
✔✔The Director concludes an investigation into wrongdoing by licensee Roberta. What
three actions may the Director take? - ✔✔Dismiss, execute a consent agreement, issue
a petition for a hearing
, ✔✔Marcus has the great idea to establish a real estate brokerage agency that only has
an internet presence - no "bricks and mortar" location. Is this allowed? - ✔✔No, an
agency must have a fixed and definite place of business.
✔✔The Remarkable Real Estate Company is expanding to two new locations that it will
advertise as its branch offices. Does each branch office need a license? - ✔✔Yes, they
must be licensed as branch offices.
✔✔Michelle was convicted of embezzlement of clients' funds when she worked in an
accounting office. Is she allowed to own a real estate brokerage agency? - ✔✔Probably
not. Owners or officials may not have been convicted of any Class A, B or C crime or
any crime which bears directly on the practice of real estate.
✔✔Justine wants to open a real estate brokerage agency and call it ReMacks. Do you
think she will be able to do this? - ✔✔No as this name is too similar to ReMax.
✔✔What 5 items must be included in a written brokerage agreement? - ✔✔Signature of
client being charged, terms and conditions, method/amount of compensation, expiration
date, statement that this creates an agency-client relationship
✔✔For a maximum of how many months may a brokerage agreement carry over? -
✔✔6 months unless client subsequently lists with another agency
✔✔What may be deposited in a trust account? - ✔✔Earnest money deposits and all
other money held by it as an agency in which its clients or other persons have an
interest
✔✔What words must be on a check drawn from the trust account? - ✔✔Name of the
agency, and "real estate trust account"
✔✔Broker Joe fires licensee Eduardo. What is Joe required to do with Eduardo's
license? - ✔✔Immediately deliver it to the commission
✔✔Which license must be conspicuously displayed at the agency's place of business? -
✔✔The agency license
✔✔How old must a licensee be? - ✔✔At least 18 years old
✔✔Griffin's legal residence is in South Carolina. May he apply for a Maine license? -
✔✔Yes, you do not have to be a Maine resident to apply for a Maine real estate license.
✔✔Marianna moves from Yarmouth to Cumberland. Within how many days must she
notify the commission of her change of address? - ✔✔10 days
QUESTIONS WITH ANSWERS GRADED A+
✔✔Jenny wants to build a garage on a piece of land that borders a great pond. The
garage would be 200 feet away from the normal high-water line of the great pond. Her
town does not allow any building in the shoreland zone. Will Jenny be allowed to build
the garage? - ✔✔No, the garage would be in the shoreland area that is within 250 feet
of the great pond.
✔✔The designated broker is responsible for having a written company policy covering: -
✔✔The type of real estate relationships in which the agency may
engage.
✔✔You are a real estate licensee in Maine. Your friend Andrew, who is not a real estate
licensee, asks if you will pay him $250 for every sales lead he sends you. What do you
tell Andrew? - ✔✔I can't pay referral fees to someone who is not a real estate licensee.
✔✔Elwood holds a Maine auctioneer license. He wants to call bids at a real estate
auction and take custody of the earnest money from the highest bidder. Does Elwood
need a real estate license in addition to his auctioneer license in order to do this? -
✔✔Yes
✔✔What are the maximum penalties that the Maine Real Estate Commission may
impose for violating real estate license law? - ✔✔$2000 per violation plus the amount of
compensation received in the subject transaction, revocation or suspension of license
✔✔Each industry member of the commission must have been a broker or associate
broker in Maine for at least how many years prior to appointment? - ✔✔5 years
✔✔Two years ago, Susan's massage therapist license was suspended because she
misused a client's credit card. When may Susan be considered eligible for a Maine real
estate license? - ✔✔She must wait one more year for a total of 3 years, and the
commission may or may not approve her real estate license.
✔✔In addition to fines up to $2000 per violation, suspension or revocation of license,
what other penalties might the commission impose? - ✔✔Reprimand, require person to
comply with terms and conditions, report findings to Attorney General
✔✔The Director concludes an investigation into wrongdoing by licensee Roberta. What
three actions may the Director take? - ✔✔Dismiss, execute a consent agreement, issue
a petition for a hearing
, ✔✔Marcus has the great idea to establish a real estate brokerage agency that only has
an internet presence - no "bricks and mortar" location. Is this allowed? - ✔✔No, an
agency must have a fixed and definite place of business.
✔✔The Remarkable Real Estate Company is expanding to two new locations that it will
advertise as its branch offices. Does each branch office need a license? - ✔✔Yes, they
must be licensed as branch offices.
✔✔Michelle was convicted of embezzlement of clients' funds when she worked in an
accounting office. Is she allowed to own a real estate brokerage agency? - ✔✔Probably
not. Owners or officials may not have been convicted of any Class A, B or C crime or
any crime which bears directly on the practice of real estate.
✔✔Justine wants to open a real estate brokerage agency and call it ReMacks. Do you
think she will be able to do this? - ✔✔No as this name is too similar to ReMax.
✔✔What 5 items must be included in a written brokerage agreement? - ✔✔Signature of
client being charged, terms and conditions, method/amount of compensation, expiration
date, statement that this creates an agency-client relationship
✔✔For a maximum of how many months may a brokerage agreement carry over? -
✔✔6 months unless client subsequently lists with another agency
✔✔What may be deposited in a trust account? - ✔✔Earnest money deposits and all
other money held by it as an agency in which its clients or other persons have an
interest
✔✔What words must be on a check drawn from the trust account? - ✔✔Name of the
agency, and "real estate trust account"
✔✔Broker Joe fires licensee Eduardo. What is Joe required to do with Eduardo's
license? - ✔✔Immediately deliver it to the commission
✔✔Which license must be conspicuously displayed at the agency's place of business? -
✔✔The agency license
✔✔How old must a licensee be? - ✔✔At least 18 years old
✔✔Griffin's legal residence is in South Carolina. May he apply for a Maine license? -
✔✔Yes, you do not have to be a Maine resident to apply for a Maine real estate license.
✔✔Marianna moves from Yarmouth to Cumberland. Within how many days must she
notify the commission of her change of address? - ✔✔10 days
