- Study guides, Class notes & Summaries

previously, has good title to the property, and will indemnify the grantee against claims due to failure of title? (a) Covenant against encumbrances (b) Covenant of Seizin (c) General Warranty Covenant (d) None of the above - b. Covenant of Seizin Which of the following warrants that there are no other encumbrances affecting the property other than those shown in the deed, if any? (a) Covenant against encumbrances (b) Covenant of Seizin (c) General Warranty Covenant (d) None of the ab...

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15 pages

Written in 2024/2025

Grade A+

BOARDWALK

How many industry members serve on the Maine Real Estate Commission? - 4 How many public members serve on the Maine Real Estate Commission? - 2 The Commission adopts rules to establish: - standards of practice for licensees, qualifications for licensure, requirements for pre-license and continuing education, and duties of designated brokers for the supervision of employees and independent contractors The Director of the Commission: - manages the day-to-day business of the Commission What...

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8 pages

Written in 2024/2025

Grade A+

BOARDWALK

Jenny wants to build a garage on a piece of land that borders a great pond. The garage would be 200 feet away from the normal high-water line of the great pond. Her town does not allow any building in the shoreland zone. Will Jenny be allowed to build the garage? - No, the garage would be in the shoreland area that is within 250 feet of the great pond. The designated broker is responsible for having a written company policy covering: - The type of real estate relationships in which the age...

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14 pages

Written in 2024/2025

Grade A+

BOARDWALK

Justine wants to open a real estate brokerage agency and call it ReMacks. Do you think she will be able to do this? - No as this name is too similar to ReMax. What 5 items must be included in a written brokerage agreement? - Signature of client being charged, terms and conditions, method/amount of compensation, expiration date, statement that this creates an agency-client relationship For a maximum of how many months may a brokerage agreement carry over? - 6 months unless client subsequent...

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16 pages

Written in 2024/2025

Grade A+

BOARDWALK

Race Notice state. - When it comes to assuring good title, Maine is a: Have the property surveyed by a licensed surveyor. - The best way for a licensee to determine the boundaries of a property is to: At the time of their signatures - In Maine, when must a licensee furnish various documents, including copies of offers, counteroffers and all types of contracts to a consumer? Prior to or during the preparation of an offer. - The Maine Real Estate Commission requires that heating system disc...

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4 pages

Written in 2024/2025

Grade A+

BOARDWALK

MAINE EXAM PACKAGE DEAL QUESTIONS AND VERIFIED DETAILED ANSWERS | 100% GUARANTEED PASS | ALREADY GRADED A+

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9 items

NinjaNerd

Maine Insurance - Questions Frequently Missed Q&A 100% Solved How much time does a person who was a party to a hearing have to appeal the order by the Superintendent? - 30 days As a prerequisite to maintaining a license, licensees must complete a continuing education requirement every: - 2 years If Jerry's insurance producer's license expires, how much time does he have to be reinstated without retaking the Maine insurance licensing examination? - 2 years What is the maximum l...

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15 pages

Written in 2024/2025

Grade A+

NinjaNerd

Maine -RealEstateExamPreptermswithCorrect Answers. Fixture - Correct Answer An object that has been attached to land so as to become real estate. An article of personal property which has been installed in or attached to land or a building thereon, in such a manner that it is now considered to be a part of the real estate. Improvements - Correct Answer Beneficial attachments to raw land that increase its value or improve its usefulness. Meridians - Correct Answer Imaginary north-south li...

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21 pages

Written in 2024/2025

Grade A+

Autonomousgrades

Maine Real Estate Law Exam Prep | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS In Maine, a person without a real estate license may: - Answer -Call bids at a real estate auction. Under Maine law, "real estate brokerage' means: - 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 d...

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8 pages

Written in 2024/2025

Grade A+

AdelineJean

Maine Real Estate UPDATED Exam Questions and CORRECT Answers An employer is responsible for direction a ( ) as to both what is to be done and how it is to be done - CORRECT ANSWER- employee Real estate licensees are almost always ( ) with their company - CORRECT ANSWERindependent contractors Every real estate brokerage should adopt a ( ) that identifies and describes the types of real estate brokerage relationships in which the broke and affiliated licenses may engage - CORRECT ANSWER...

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34 pages

Written in 2024/2025

Grade A+

STANFORDGRADESS

Maine Full Solution Pack 2024 ,2025with complete solution

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9 items

ACADEMICMATERIALS

. Mark Swanson from Skowhegan has a Sales Agent license in the state of Maine that will expire on September 30. Which of the following is true? a. He must stop practicing real estate of October 1 b. He may apply for a Broker's license as long as he completes the course prior to or on November 30 c. He must complete the required education for an Associate Broker's license prior to or on September 30 d. He can apply for a one year extension due to documented extenuating circumstances - d. ...

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16 pages

Written in 2023/2024

Grade A+

ACADEMICMATERIALS

Maine Real Estate Exam Practice Questions

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6 pages

Written in 2023/2024

Grade A+

Stuviaboost

Maine - Real Estate Exam Prep Questions And Answers Latest.

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18 pages

Written in 2023/2024

Grade A+

drDON

Maine Real Estate Test 2024/2025 Questions And Answers 100% Accurate Graded A+. For what minimum period of time must a real estate brokerage agency retain copies of rejected offers and counteroffers? A. 1 year B. 2 years C. 3 years D. 5 years - ANSWER-No, rejected offers and counteroffers must be retained for 1 year. A designated broker in Maine is: A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. B. Any licensee with an active Broker license. ...

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10 pages

Written in 2023/2024

Grade A+

DoctorReinhad

Maine Real Estate Test 2024/2025 Questions And Answers 100% Accurate Graded A+. For what minimum period of time must a real estate brokerage agency retain copies of rejected offers and counteroffers? A. 1 year B. 2 years C. 3 years D. 5 years - ANSWER-No, rejected offers and counteroffers must be retained for 1 year. A designated broker in Maine is: A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. B. Any licensee with an active Broker license. ...

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10 pages

Written in 2023/2024

Grade A+

EXCELLENTNURSE

Maine Real Estate Test 2024/2025 Questions And Answers 100% Accurate Graded A+. For what minimum period of time must a real estate brokerage agency retain copies of rejected offers and counteroffers? A. 1 year B. 2 years C. 3 years D. 5 years - ANSWER-No, rejected offers and counteroffers must be retained for 1 year. A designated broker in Maine is: A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. B. Any licensee with an active Broker license. ...

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10 pages

Written in 2023/2024

Grade A+

Tutorexpert01

Champions Real Estate Marketing SAE Practice Exam Questions 2024. Most common reason a property fails to sell is - correct answer price Matching human needs with goods or services to meet those needs is the process of - correct answer marketing _____________________ is a key personality trait of a successful agent - correct answer problem solving 3 Ways Sales Agents Add Value to the Buying Process - correct answer Counseling, Negotiating, and Managing the transaction Four P's of ma...

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13 pages

Written in 2023/2024

Grade A+

ROSEGRADES

Chapter 4 - Government Controls And Real Estate Markets Written Exam 2024. The power of state and local governments in the United States to regulate in the interest of the health, safety and welfare of citizens in general is known as: - correct answer Police powers Examples of market failure due to incomplete information about construction quality include - correct answer non-visible electrical systems once walls are closed in, inability to examine plumbing under a concrete slab floor A t...

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6 pages

Written in 2023/2024

Grade A+

ROSEGRADES

Chapter 11 Practice Exam Questions 2024. 1. Which of the following is an example of a unilateral contract? (a) Purchase and sale contract (b) Contract for deed (c) Open listing contract (d) Oral contract - correct answer (c) Open listing contract What is consideration? - correct answer Promise to pay or love and affection. It can be verbal does not need a deposit what is the best way to terminate a contract? - correct answer performance What law prohibits the use of lead base...

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8 pages

Written in 2023/2024

Grade A+

ROSEGRADES