Maine Law Real Estate TRELG Q&A VERIFIED

Maine Law Real Estate TRELG Q&A VERIFIED True or False: With appointed agency, one affiliated licensee represents the client to the exclusion of all other affiliated licensees of the brokerage agency; more than one may be appointed if there is a team or a licensee is covering for vacation. A. TrueB. False - ANSWER A. True When must a client give consent to disclosed dual agency? A. At the time the client signs a listing agreement or buyer representation agreement with the brokerage agencyB. When the client encounters a situation that brings about the possibility of disclosed dual agency - ANSWER The correct answer is A. The two fiduciary duties that survive the agent/client relationship are: A. Obedience and loyalty.B. Confidentiality and accounting.C. Diligence and confidentiality. - ANSWER the correct answer is B. A Maine real estate licensee must present the Real Estate Brokerage Relationships Form to a consumer when engaged in a substantive communication regarding a: A. Vacant building lot.B. Commercial warehouse.C. 3-unit residential apartment building.D. 10-unit residential apartment building. - ANSWER 3-unit residential apartment building. Yes, this is the correct answer. It is not required for vacant land, commercial property, or residential more than 4 units. Licensee Dustin receives an email from a consumer, Ellen, who lives in Maryland and is moving to Maine in 3 months. Ellen is visiting Maine next week and would like to see one of Dustin's listings. Must Dustin email Ellen a copy of the Real Estate Brokerage Relationships Form? A. YesB. No - ANSWER Yes You are correct. Whenever there is a substantive communication regarding real estate (in person, over the phone, via email, in the mail), provide the Real Estate Brokerage Relationships Form immediately. Which party or parties are required by the Maine Real Estate Commission to sign the Real Estate Brokerage Relationships Form? A. The consumerB. The Maine real estate licenseeC. Nobody - ANSWER The correct answer is C. The Maine Real Estate Commission does not require any signatures on