Maine Real Estate Study Questions & Answers (Graded A+)

In Maine, an agency relationship begins when the - ANSWER-Buyer or seller and agency sign an agreement establishing the agency relationship. Where a licensee has an agency relationship with a client, his/her most important duties are owed to: - ANSWER-The client. Which of the following statements is true? For an agent to become an appointed agent in Maine: - ANSWER--The agency must have adopted the appointed agent concept. -The client must agree in writing to allow the agent to serve as an appointed agent. -The agency must allow the practice of appointed agency. Which of the following is (are) a disclosure limit of a disclosed dual agent in Maine? - ANSWER--The motivation of either party -The willingness of the buyer to offer more than has been offered -The willingness of the seller to accept less than has been offered To practice disclosed dual agency in Maine, the agent must: - ANSWER--Work for an agency that allows this practice. - Receive written consent from both the seller and the buyer. -Provide a disclosed dual agency consent agreement form to prospective clients before they enter into an agency relationship.