Maine Law Exam Flash Cards TRELG
What is a branch office?
A location where business
is regularly conducted or
that is advertised as
where the public may
contact the agency.
What is the maximum fine
that LUPC (Land Use Planning
Commission) can impose
for a violation?
$10,000 per day
How old must you be
to apply for a real estate
license in Maine?
18 years old
Shoreland areas include area
within how many feet of the
normal high-water line of
a great pond?
250 feet
For how many hours must you attend
classroom training in order to
apply for an associate broker
license?
60 hours
Who is responsible for the
management of the Maine
Real Estate Commission
affairs?
The Director
How must a real estate brokerage
agency's trade name be
displayed in advertising?
Prominently displayed
Shoreland areas include area
within how many feet of the
high-water line of
a stream?
75 feet
What level of real estate license
may only be granted after the
licensee has completed 2 years
as a licensed real estate sales agent?
, Associate Broker
What type of listing is
prohibited in Maine?
Net listing
How many hours of continuing
education must an associate
broker complete in a two year
period?
21 hours
For what period of time must a
designated broker retain copies
of paperwork associated with
a closed real estate transaction?
3 years
Whose duty is it to oversee all
advertising placed by any affiliated
licensee of an agency?
The Designated Broker
How many public members
serve on the Maine
Real Estate Commission?
2
What is the maximum fine
that may be assessed by
the Maine Real Estate
Commission?
$2000 per violation
Whose duty is it to oversee the
filing, storage and maintenance
of real estate documents?
The Designated Broker
What grade must you receive
in the Sales Agent Course
in order to pass the course?
75% or above
What does it mean to
commingle funds?
Mixing funds belonging
to the real estate brokerage
agency with funds belonging to
clients and other persons
For how many hours must you
attend training in order
to apply for a sales agent license?
55 hours
What is a branch office?
A location where business
is regularly conducted or
that is advertised as
where the public may
contact the agency.
What is the maximum fine
that LUPC (Land Use Planning
Commission) can impose
for a violation?
$10,000 per day
How old must you be
to apply for a real estate
license in Maine?
18 years old
Shoreland areas include area
within how many feet of the
normal high-water line of
a great pond?
250 feet
For how many hours must you attend
classroom training in order to
apply for an associate broker
license?
60 hours
Who is responsible for the
management of the Maine
Real Estate Commission
affairs?
The Director
How must a real estate brokerage
agency's trade name be
displayed in advertising?
Prominently displayed
Shoreland areas include area
within how many feet of the
high-water line of
a stream?
75 feet
What level of real estate license
may only be granted after the
licensee has completed 2 years
as a licensed real estate sales agent?
, Associate Broker
What type of listing is
prohibited in Maine?
Net listing
How many hours of continuing
education must an associate
broker complete in a two year
period?
21 hours
For what period of time must a
designated broker retain copies
of paperwork associated with
a closed real estate transaction?
3 years
Whose duty is it to oversee all
advertising placed by any affiliated
licensee of an agency?
The Designated Broker
How many public members
serve on the Maine
Real Estate Commission?
2
What is the maximum fine
that may be assessed by
the Maine Real Estate
Commission?
$2000 per violation
Whose duty is it to oversee the
filing, storage and maintenance
of real estate documents?
The Designated Broker
What grade must you receive
in the Sales Agent Course
in order to pass the course?
75% or above
What does it mean to
commingle funds?
Mixing funds belonging
to the real estate brokerage
agency with funds belonging to
clients and other persons
For how many hours must you
attend training in order
to apply for a sales agent license?
55 hours
