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Maine Real Estate Exam Practice Questions With 100% Correct Answers .

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2023/2024 Written for academic year
Institution Maine Real Estate
Course Maine Real Estate
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Maine Real Estate Exam Practice Questions With 100% Correct Answers . John is a subagent of the seller Nancy. To whom does John owe fiduciary duties? A. The buyer B. Nancy C. Nobody D. All parties to the transaction - correct answer B. Nancy A closing takes place on August 31. After the closing, the buyer takes possession of the property: A. On September 1. B. On August 31. C. On whatever date was agreed upon by the seller and the buyer in the Purchase and Sale Agreement. D. No earlier than 24 hours after closing. - correct answer C. On whatever date was agreed upon by the seller and the buyer in the Purchase and Sale Agreement. Terry is a loan officer. Terry is prohibited from paying kickback fees to a real estate licensee for referrals under the provisions of: A. RESPA B. The Americans with Disabilities Act. C. Federal Fair Housing Law. D. Civil Rights Law. - correct answer A. RESPA For which party does Lender's title insurance provide protection? A. The owner and lender equally. B. Only the lender. C. Only the current owner. D. Neither the owner nor the lender. - correct answer B. Only the lender.

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