Maine State Law Exam Questions
and Answers Latest Version Graded
A+
Question>> 1
Which of the following must a buyer agent disclose to his client regarding the heating system in a residential property?
A) The current price per gallon for heating fuel
B) The advisability of replacing electric baseboard heat
C) Malfunctions within the past two years
D) Malfunctions during the time the seller owned the property
Correct Answer
A) Malfunctions within the past two years
Question>> 2
What is the amount of Maine Transfer Tax paid by the seller on a property that sells for $369,195?
Correct Answer
$813
Question>> 3
Page 1 of 21
,The Real Estate Brokerage Relationships form (Form 3) does NOT need to be presented to the buyer of:
A. An 8 unit apartment house.
B. Commercial property with no residential component.
C. Vacant land.
D. All of the above.
Correct Answer
D. All of the above
Question>> 4
Under the Natural Resources Protection Act (NRPA), generally a permit is required prior to the start of any construction or
land alteration:
A. Within 75 ft. of a protected natural resource.
B. Within 100 ft. of a shoreland habitat.
C. Whenever a protected species might be affected.
D. With 250 ft. of any river, stream, lake, ocean or other wetland.
Correct Answer
A. Within 75 ft. of a protected natural resource.
Page 2 of 21
, Question>> 5
An applicant for a Maine Sales Agent license must be which of the following?
A. High school graduate or equivalent
B. A legal resident of Maine
C. 21 years of age or older
D. A college graduate
Correct Answer
A. High school graduate or equivalent
Question>> 6
When Grandpa Eli dies, his farm was divided into 6 separate parcels and distributed to each of his 6 grandchildren
according to his will. Which of the following statements is true?
A. Grandpa Eli's will created a subdivision.
B. If 3 of the grandchildren decide to build homes on their parcels, a subdivision will have been formed.
C. A subdivision has not been created because there are no buildings on the property.
D. No subdivision has been created because the division was accomplished by devise.
Correct Answer
D. No subdivision has been created because the division was accomplished by devise
Page 3 of 21
and Answers Latest Version Graded
A+
Question>> 1
Which of the following must a buyer agent disclose to his client regarding the heating system in a residential property?
A) The current price per gallon for heating fuel
B) The advisability of replacing electric baseboard heat
C) Malfunctions within the past two years
D) Malfunctions during the time the seller owned the property
Correct Answer
A) Malfunctions within the past two years
Question>> 2
What is the amount of Maine Transfer Tax paid by the seller on a property that sells for $369,195?
Correct Answer
$813
Question>> 3
Page 1 of 21
,The Real Estate Brokerage Relationships form (Form 3) does NOT need to be presented to the buyer of:
A. An 8 unit apartment house.
B. Commercial property with no residential component.
C. Vacant land.
D. All of the above.
Correct Answer
D. All of the above
Question>> 4
Under the Natural Resources Protection Act (NRPA), generally a permit is required prior to the start of any construction or
land alteration:
A. Within 75 ft. of a protected natural resource.
B. Within 100 ft. of a shoreland habitat.
C. Whenever a protected species might be affected.
D. With 250 ft. of any river, stream, lake, ocean or other wetland.
Correct Answer
A. Within 75 ft. of a protected natural resource.
Page 2 of 21
, Question>> 5
An applicant for a Maine Sales Agent license must be which of the following?
A. High school graduate or equivalent
B. A legal resident of Maine
C. 21 years of age or older
D. A college graduate
Correct Answer
A. High school graduate or equivalent
Question>> 6
When Grandpa Eli dies, his farm was divided into 6 separate parcels and distributed to each of his 6 grandchildren
according to his will. Which of the following statements is true?
A. Grandpa Eli's will created a subdivision.
B. If 3 of the grandchildren decide to build homes on their parcels, a subdivision will have been formed.
C. A subdivision has not been created because there are no buildings on the property.
D. No subdivision has been created because the division was accomplished by devise.
Correct Answer
D. No subdivision has been created because the division was accomplished by devise
Page 3 of 21
