Maine Real Estate Prep Exam Questions 2024.

Maine Real Estate Prep Exam Questions 2024. Independent contractor - correct answer What is the legal relationship of a licensee to an agency Fructus industrials - correct answer Annual crops like corn or lettuce classified as personal property. Seller can harvest fruits of labor only one time after the sale of the property. Also called emblements Fructus naturales - correct answer Apple trees, blueberry bushes. Perennials. Seller can not reenter to harvest. Independent Contractor - correct answer what is the legal relationship of a licensee to an agency What are the two sides of the real estate transaction - correct answer the selling side: buyer's side the listing side: seller's side independently without consulting any other real estate agency - correct answer how does a real estate agency decide how much to charge for their services? they would be guilty of fraud which is a violation of anti trust law - correct answer what if two or more brokers meet and agree to charge the same fees for service prohibits discrimination iin age, sex, disability, religion, national origin, race, color, or genetic predisposition - correct answer Equal Opportunity Act what is the definition of real estate - correct answer land and all appurtenances attached to the land What is meant that prperty owners own real estate "from the center of the earth to the highest of heavens" - correct answer the owner of property has subsurface rights, surface rights, and air rights what is the "bundle of legal rights" of a property owner? - correct answer The rights to sell, divide, will, gift, dedicate, control, use, cultivate, to exclude, leave, possess, explore the land