Maine Real Estate License Practice Exam questions and answers
2026\2027 A+ Grade
Section 1 - Maine Real Estate Commission (2)
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
- correct answer C. Promote public confidence in the real estate industry
The industry members on the Maine Real Estate 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
- correct answer D. Licensees who have held a broker or associate broker license for a minimum of five
years
The Maine Real Estate 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
- correct answer a. Suspend or revoke a real estate license
,The Maine Real Estate 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
- correct answer a. Impose fines on licensees in violation of the law
The Maine Real Estate 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
- correct answer a. Innocent misrepresentation
Iris Clover has been an active Associate Broker 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
- correct answer b. Serve on the Maine Real Estate Commission as an industry member
The Maine Real Estate Commission has how many members?
a. 4
b. 6
c. 5
,d. 7
- correct answer B. 6
The Maine Real Estate Commission has how many industry members?
a. 2
b. 4
c. 6
d. 8
- correct answer B. 4
A licensee may lose their license for conduct which shows
a. Dishonesty
b. Dealing in bad faith
c. Incompetency
d. All of the above
- correct answer D. All of the above. Dishonest, dealing in bad faith, incompetency
Leo Allster is a licensee who was convicted of embezzlement of funds from his Designated Broker. Leo
must
a. Report his conviction to the Maine Real Estate Commission within ten days
b. Surrender his real estate license immediately
c. Pay a $2,000 fine to the Maine Real Estate Commission
d. Secure independent errors and omissions insurance to continue to practice in Maine
- correct answer a. Report his conviction to the Maine Real Estate Commission within ten days
Which of the following is not a function of the Maine Real Estate Commission?
, a. Determine the type of agency relationships that a company will practice
b. Conduct hearings
c. Establish the fees it will charge
d. Adopt rules governing the practice of real estate
- correct answer a. Determine the type of agency relationships that a company will practice
The Director of the Maine Real Estate Commission is responsible for which of the following:
a. Initiating disciplinary action and fining licensees for prohibited conduct
b. Determining protocol and conducting the Maine Real Estate Commission meetings
c. Making rules and policy in regards to Maine real estate law
d. Managing the Commission affairs
- correct answer d. Managing the Commission affairs
For how many years is an Associate Broker license valid for:
a. 1
b. 2
c. 4
d. 5
- correct answer B. 2
How many continuing education credits must a licensee complete within a two year period to renew an
Associate Broker or Broker license in Maine?
a. 9
b. 12
c. 18
d. 21
- correct answer D. 21
2026\2027 A+ Grade
Section 1 - Maine Real Estate Commission (2)
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
- correct answer C. Promote public confidence in the real estate industry
The industry members on the Maine Real Estate 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
- correct answer D. Licensees who have held a broker or associate broker license for a minimum of five
years
The Maine Real Estate 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
- correct answer a. Suspend or revoke a real estate license
,The Maine Real Estate 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
- correct answer a. Impose fines on licensees in violation of the law
The Maine Real Estate 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
- correct answer a. Innocent misrepresentation
Iris Clover has been an active Associate Broker 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
- correct answer b. Serve on the Maine Real Estate Commission as an industry member
The Maine Real Estate Commission has how many members?
a. 4
b. 6
c. 5
,d. 7
- correct answer B. 6
The Maine Real Estate Commission has how many industry members?
a. 2
b. 4
c. 6
d. 8
- correct answer B. 4
A licensee may lose their license for conduct which shows
a. Dishonesty
b. Dealing in bad faith
c. Incompetency
d. All of the above
- correct answer D. All of the above. Dishonest, dealing in bad faith, incompetency
Leo Allster is a licensee who was convicted of embezzlement of funds from his Designated Broker. Leo
must
a. Report his conviction to the Maine Real Estate Commission within ten days
b. Surrender his real estate license immediately
c. Pay a $2,000 fine to the Maine Real Estate Commission
d. Secure independent errors and omissions insurance to continue to practice in Maine
- correct answer a. Report his conviction to the Maine Real Estate Commission within ten days
Which of the following is not a function of the Maine Real Estate Commission?
, a. Determine the type of agency relationships that a company will practice
b. Conduct hearings
c. Establish the fees it will charge
d. Adopt rules governing the practice of real estate
- correct answer a. Determine the type of agency relationships that a company will practice
The Director of the Maine Real Estate Commission is responsible for which of the following:
a. Initiating disciplinary action and fining licensees for prohibited conduct
b. Determining protocol and conducting the Maine Real Estate Commission meetings
c. Making rules and policy in regards to Maine real estate law
d. Managing the Commission affairs
- correct answer d. Managing the Commission affairs
For how many years is an Associate Broker license valid for:
a. 1
b. 2
c. 4
d. 5
- correct answer B. 2
How many continuing education credits must a licensee complete within a two year period to renew an
Associate Broker or Broker license in Maine?
a. 9
b. 12
c. 18
d. 21
- correct answer D. 21
