Maine Real Estate License 250 Practice
Exam Questions
11 In Maine, property disclosure must be:
a. Signed by the Seller
b. Signed by the licensees to the transaction
c. Available on MLS
d. In writing - ✔ ✔ d. In writing
12 Which of the following must a buyer agent disclose to his client
regarding the heating system of a residential property?
a. The current price per gallon for heating fuel
b. The advisability of replacing baseboard heat
c. Malfunctions within the last two years
d. Malfunctions during the time the seller owned the property - ✔
✔ c. Malfunctions within the last two years
13 Information regarding the location of a leach field must be
disclosed to the buyer:
a. Prior to or during the preparation of an offer
,b. At the time of septic inspection
c. Only if requested in the Purchase and Sales agreement
d. Orally during the initial showing of the property - ✔ ✔ a.
Prior to or during the preparation of an offer
14 The seller has no information or knowledge regarding
hazardous waste on his residential property. Which statement is
true?
a. The agent should refuse to take the listing
b. Previous owners of the property should be interviewed by the
agent of the seller
c. The fact that information regarding hazardous material is not
available shall be conveyed orally
d. The fact regarding hazardous material is not available shall be
conveyed in writing - ✔ ✔ d. The fact regarding hazardous
material is not available shall be conveyed in writing
.15. The Maine Real Estate Commission requires that heating
system disclosures be presented to the buyer in writing:
a. Prior to, or during the preparation of an offer
b. At the time when the information is given to a selling agent by
the listing agent
c. Prior to the seller signing the deed
,d. Prior to the buyer signing all financing documents - ✔ ✔ a.
Prior to, or during the preparation of an offer
16 A licensee when listing a property that includes any residential
unit, shall ask the seller if they have any knowledge of which of
the following hazardous materials:
a. Asbestos
b. Radon
c. Underground storage tanks
d. All of the above - ✔ ✔ All of the above
- asbestos
- radon
- underground storage tanks
17 In Maine, all 1-4 units, residential listing contracts shall:
a. Be in writing and signed by the person to be charged
b. Provide a date of expiration which is 6 months from now
c. Include the social security number(s) of the seller(s)
d. All of the above - ✔ ✔ Be in writing and signed by the
person to be charged
18 Which of the following needs a real estate license?
, a. An assistant who does data entry
b. An auctioneer who cries the sale
c. A neighbor to whom you paid $500 for a referral that he gave
you last month
d. None of the above - ✔ ✔ c. A neighbor to whom you paid
$500 for a referral that he gave you last month
19 The Maine Real Estate Commission requires which of the
following to sign the property disclosure form?
a. The seller
b. The buyer
c. The licensees to the transaction
d. No one is required to sign the form - ✔ ✔ d. No one is
required to sign the form
20 A licensee completing a property disclosure form for a client is
expected to gather the required information by:
a. Making a visual inspection
b. Asking the seller
c. Doing additional research, if necessary
d. All of the above - ✔ ✔ d. All of the above
- Making a visual inspection
Exam Questions
11 In Maine, property disclosure must be:
a. Signed by the Seller
b. Signed by the licensees to the transaction
c. Available on MLS
d. In writing - ✔ ✔ d. In writing
12 Which of the following must a buyer agent disclose to his client
regarding the heating system of a residential property?
a. The current price per gallon for heating fuel
b. The advisability of replacing baseboard heat
c. Malfunctions within the last two years
d. Malfunctions during the time the seller owned the property - ✔
✔ c. Malfunctions within the last two years
13 Information regarding the location of a leach field must be
disclosed to the buyer:
a. Prior to or during the preparation of an offer
,b. At the time of septic inspection
c. Only if requested in the Purchase and Sales agreement
d. Orally during the initial showing of the property - ✔ ✔ a.
Prior to or during the preparation of an offer
14 The seller has no information or knowledge regarding
hazardous waste on his residential property. Which statement is
true?
a. The agent should refuse to take the listing
b. Previous owners of the property should be interviewed by the
agent of the seller
c. The fact that information regarding hazardous material is not
available shall be conveyed orally
d. The fact regarding hazardous material is not available shall be
conveyed in writing - ✔ ✔ d. The fact regarding hazardous
material is not available shall be conveyed in writing
.15. The Maine Real Estate Commission requires that heating
system disclosures be presented to the buyer in writing:
a. Prior to, or during the preparation of an offer
b. At the time when the information is given to a selling agent by
the listing agent
c. Prior to the seller signing the deed
,d. Prior to the buyer signing all financing documents - ✔ ✔ a.
Prior to, or during the preparation of an offer
16 A licensee when listing a property that includes any residential
unit, shall ask the seller if they have any knowledge of which of
the following hazardous materials:
a. Asbestos
b. Radon
c. Underground storage tanks
d. All of the above - ✔ ✔ All of the above
- asbestos
- radon
- underground storage tanks
17 In Maine, all 1-4 units, residential listing contracts shall:
a. Be in writing and signed by the person to be charged
b. Provide a date of expiration which is 6 months from now
c. Include the social security number(s) of the seller(s)
d. All of the above - ✔ ✔ Be in writing and signed by the
person to be charged
18 Which of the following needs a real estate license?
, a. An assistant who does data entry
b. An auctioneer who cries the sale
c. A neighbor to whom you paid $500 for a referral that he gave
you last month
d. None of the above - ✔ ✔ c. A neighbor to whom you paid
$500 for a referral that he gave you last month
19 The Maine Real Estate Commission requires which of the
following to sign the property disclosure form?
a. The seller
b. The buyer
c. The licensees to the transaction
d. No one is required to sign the form - ✔ ✔ d. No one is
required to sign the form
20 A licensee completing a property disclosure form for a client is
expected to gather the required information by:
a. Making a visual inspection
b. Asking the seller
c. Doing additional research, if necessary
d. All of the above - ✔ ✔ d. All of the above
- Making a visual inspection
