5/22/25, 2:01 PM Maine Real Estate License Practice Exam QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) A+ G…
Maine Real Estate License Practice Exam
QUESTIONS WITH COMPLETE SOLUTION
GUIDE) (MULTIPLE CHOICES) A+ GRADED 100%
VERIFIED
Save
Terms in this set (250)
Section 1 - Maine Real C. Promote public confidence in the real estate
Estate Commission (2) industry
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
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,5/22/25, 2:01 PM Maine Real Estate License Practice Exam QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) A+ G…
The industry members on D. Licensees who have held a broker or associate
the Maine Real Estate broker license for a minimum of five years
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
The Maine Real Estate a. Suspend or revoke a real estate license
Commission has the
power to:
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
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,5/22/25, 2:01 PM Maine Real Estate License Practice Exam QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) A+ G…
The Maine Real Estate a. Impose fines on licensees in violation of the law
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
The Maine Real Estate a. Innocent misrepresentation
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
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, 5/22/25, 2:01 PM Maine Real Estate License Practice Exam QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) A+ G…
Iris Clover has been an b. Serve on the Maine Real Estate Commission as an
active Associate Broker industry member
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
The Maine Real Estate B. 6
Commission has how
many members?
a. 4
b. 6
c. 5
d. 7
The Maine Real Estate B. 4
Commission has how
many industry members?
a. 2
b. 4
c. 6
d. 8
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Maine Real Estate License Practice Exam
QUESTIONS WITH COMPLETE SOLUTION
GUIDE) (MULTIPLE CHOICES) A+ GRADED 100%
VERIFIED
Save
Terms in this set (250)
Section 1 - Maine Real C. Promote public confidence in the real estate
Estate Commission (2) industry
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
https://quizlet.com/1047079999/maine-real-estate-license-practice-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-10… 1/134
,5/22/25, 2:01 PM Maine Real Estate License Practice Exam QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) A+ G…
The industry members on D. Licensees who have held a broker or associate
the Maine Real Estate broker license for a minimum of five years
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
The Maine Real Estate a. Suspend or revoke a real estate license
Commission has the
power to:
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
https://quizlet.com/1047079999/maine-real-estate-license-practice-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-10… 2/134
,5/22/25, 2:01 PM Maine Real Estate License Practice Exam QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) A+ G…
The Maine Real Estate a. Impose fines on licensees in violation of the law
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
The Maine Real Estate a. Innocent misrepresentation
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
https://quizlet.com/1047079999/maine-real-estate-license-practice-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-10… 3/134
, 5/22/25, 2:01 PM Maine Real Estate License Practice Exam QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) A+ G…
Iris Clover has been an b. Serve on the Maine Real Estate Commission as an
active Associate Broker industry member
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
The Maine Real Estate B. 6
Commission has how
many members?
a. 4
b. 6
c. 5
d. 7
The Maine Real Estate B. 4
Commission has how
many industry members?
a. 2
b. 4
c. 6
d. 8
https://quizlet.com/1047079999/maine-real-estate-license-practice-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-10… 4/134
