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Exam (elaborations)

MAINE REAL ESTATE LICENSE PRACTICE EXAM 2025 QUESTIONS AND ANSWERS

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Section 1 - Maine Real Estate Commission (2) The primary function of the Maine Real Estate Commission is? A. Enforce the rules and regulations by holding hearings on complaints B. Issue real estate licenses to qualified candidates C.. Promote public confidence in the real estate industry D. Oversee audits and continuing education of practicing licensees - ANS C. Promote public confidence in the real estate industry The industry members on the Maine Real Estate Commission are: a. Citizens with no connection to the real estate business b. The director of the real estate commission and three legislators c. Designated brokers from four different counties d. Licensees who have held a broker or associate broker license for a minimum of five years - ANS D. Licensees who have held a broker or associate broker license for a minimum of five years The Maine Real Estate Commission has the power to: MAINE REAL ESTATE LICENSE PRACTICE EXAM 2025 QUESTIONS AND ANSWERS Copyright ©2025 BRIGHTSTARS ALL RIGHTS RESERVED 2 a. Suspend or revoke a real estate license b. Impose a criminal penalty of up to $10,000 and one year in jail c. Do nothing, all penalties must be decided in court d. Set fees of any amount - ANS a. Suspend or revoke a real estate license The Maine Real Estate Commission has the power to: a. Impose fines on licensees in violation of the law b. Require sellers to make property disclosures c. Have buyers sign buyer agency agreements d. Take the licensees commission away for no just cause - ANS a. Impose fines on licensees in violation of the law The Maine Real Estate Commission may not impose disciplinary sanctions when a person is guilty of: a. Innocent misrepresentation b. Puffing c. Class A, B or C crime d. Concealment of pertinent information - ANS a. Innocent misrepresentation Iris Clover has been an active Associate Broker licensee in Maine for nine years. She may a. Open her own real estate brokerage company b. Serve on the Maine Real Estate Commission as an industry member c. Not apply for the broker license for 1 more year d. Not provide a broker price opinion for a bank - ANS b. Serve on the Maine Real Estate Commission as an industry member Copyright ©2025 BRIGHTSTARS ALL RIGHTS RESERVED 3 The Maine Real Estate Commission has how many members? a. 4 b. 6 c. 5 d. 7 - ANS B. 6 The Maine Real Estate Commission has how many industry members? a. 2 b. 4 c. 6 d. 8 - ANS B. 4 A licensee may lose their license for conduct which shows a. Dishonesty b. Dealing in bad faith c. Incompetency d. All of the above - ANS D. All of the above. Dishonest, dealing in bad faith, incompetency Leo Allster is a licensee who was convicted of embezzlement of funds from his Designated Broker. Leo must a. Report his conviction to the Maine Real Estate Commission within ten days b. Surrender his real estate license immediately Copyright ©2025 BRIGHTSTARS ALL RIGHTS RESERVED 4 c. Pay a $2,000 fine to the Maine Real Estate Commission d. Secure independent errors and omissions insurance to continue to practice in Maine - ANS a. Report his conviction to the Maine Real Estate Commission within ten days Which of the following is not a function of the Maine Real Estate Commission? a. Determine the type of agency relationships that a company will practice b. Conduct hearings c. Establish the fees it will charge d. Adopt rules governing the practice of real estate - ANS a. Determine the type of agency relationships that a company will practice The Director of the Maine Real Estate Commission is responsible for which of the following: a. Initiating disciplinary action and fining licensees for prohibited conduct b. Determining protocol and conducting the Maine Real Estate Commission meetings c. Making rules and policy in regards to Maine real estate law d. Managing the Commission affairs - ANS d. Managing the Commission affairs For how many years is an Associate Broker license valid for: a. 1 b. 2 c. 4 d. 5 - ANS B. 2 How many continuing education credits must a licensee complete within a two year period to renew an Associate Bro

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Institution
Maine real estate
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Maine real estate

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Uploaded on
May 27, 2025
Number of pages
78
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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MAINE REAL ESTATE LICENSE
PRACTICE EXAM 2025 QUESTIONS AND
ANSWERS



Section 1 - Maine Real Estate Commission (2)
The primary function of the Maine Real Estate Commission is?


A. Enforce the rules and regulations by holding hearings on complaints
B. Issue real estate licenses to qualified candidates
C.. Promote public confidence in the real estate industry

D. Oversee audits and continuing education of practicing licensees - ANS C. Promote public
confidence in the real estate industry


The industry members on the Maine Real Estate Commission are:
a. Citizens with no connection to the real estate business
b. The director of the real estate commission and three legislators
c. Designated brokers from four different counties
d. Licensees who have held a broker or associate broker license for a minimum of five years -
ANS D. Licensees who have held a broker or associate broker license for a minimum of five
years


The Maine Real Estate Commission has the power to:



Copyright ©2025 BRIGHTSTARS ALL RIGHTS RESERVED 1

,a. Suspend or revoke a real estate license
b. Impose a criminal penalty of up to $10,000 and one year in jail
c. Do nothing, all penalties must be decided in court

d. Set fees of any amount - ANS a. Suspend or revoke a real estate license


The Maine Real Estate Commission has the power to:


a. Impose fines on licensees in violation of the law
b. Require sellers to make property disclosures
c. Have buyers sign buyer agency agreements

d. Take the licensees commission away for no just cause - ANS a. Impose fines on licensees in
violation of the law


The Maine Real Estate Commission may not impose disciplinary sanctions when a person is
guilty of:


a. Innocent misrepresentation
b. Puffing
c. Class A, B or C crime

d. Concealment of pertinent information - ANS a. Innocent misrepresentation


Iris Clover has been an active Associate Broker licensee in Maine for nine years. She may


a. Open her own real estate brokerage company
b. Serve on the Maine Real Estate Commission as an industry member c. Not apply for the
broker license for 1 more year

d. Not provide a broker price opinion for a bank - ANS b. Serve on the Maine Real Estate
Commission as an industry member

Copyright ©2025 BRIGHTSTARS ALL RIGHTS RESERVED 2

,The Maine Real Estate Commission has how many members?


a. 4
b. 6
c. 5

d. 7 - ANS B. 6


The Maine Real Estate Commission has how many industry members?


a. 2
b. 4
c. 6

d. 8 - ANS B. 4


A licensee may lose their license for conduct which shows


a. Dishonesty
b. Dealing in bad faith
c. Incompetency

d. All of the above - ANS D. All of the above. Dishonest, dealing in bad faith, incompetency


Leo Allster is a licensee who was convicted of embezzlement of funds from his Designated
Broker. Leo must


a. Report his conviction to the Maine Real Estate Commission within ten days
b. Surrender his real estate license immediately

Copyright ©2025 BRIGHTSTARS ALL RIGHTS RESERVED 3

, c. Pay a $2,000 fine to the Maine Real Estate Commission
d. Secure independent errors and omissions insurance to continue to practice in Maine -
ANS a. Report his conviction to the Maine Real Estate Commission within ten days


Which of the following is not a function of the Maine Real Estate Commission?


a. Determine the type of agency relationships that a company will practice
b. Conduct hearings
c. Establish the fees it will charge

d. Adopt rules governing the practice of real estate - ANS a. Determine the type of agency
relationships that a company will practice


The Director of the Maine Real Estate Commission is responsible for which of the following:


a. Initiating disciplinary action and fining licensees for prohibited conduct
b. Determining protocol and conducting the Maine Real Estate Commission meetings
c. Making rules and policy in regards to Maine real estate law

d. Managing the Commission affairs - ANS d. Managing the Commission affairs


For how many years is an Associate Broker license valid for:


a. 1
b. 2
c. 4

d. 5 - ANS B. 2


How many continuing education credits must a licensee complete within a two year period to
renew an Associate Broker or Broker license in Maine?
Copyright ©2025 BRIGHTSTARS ALL RIGHTS RESERVED 4

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