Maine Real Estate Law Exam Prep questions with correct answers

In Maine, a person without a real estate license may: CORRECT ANSWER Call bids at a real estate auction. Under Maine law, "real estate brokerage' means: CORRECT ANSWER A single instance of offering, attempting to conduct, or conducting real estate services on behalf of another for compensation. In Maine an agency that has a company policy that permits disclosed dual agency must provide a disclosed dual agency consent agreement to: CORRECT ANSWER Prospective clients at the time of entering into a brokerage agreement. In Maine, property disclosure must be: CORRECT ANSWER In writing Jill lists a convenience store with an apartment on the second floor. Jill must ask the seller for disclosure information on: CORRECT ANSWER The location of the private water supply. Which of the following must a buyer agent disclose to his client regarding the heating system in a residential property? CORRECT ANSWER Malfunctions within the past two years In Maine, information regarding the location of a leach field must be disclosed to the buyer: CORRECT ANSWER Prior to or during the preparation of the offer. In Maine, a licensee is NOT required to provide a copy of the Real Estate Brokerage Relationships Form to a prospective buyer or seller: CORRECT ANSWER For a property with less than 1 or more than