Maine Real Estate Test 2024/2025 Questions And Answers 100% Accurate Graded A+.

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. C. A former licensee who is not actively engaged in the practice of real estate. D. An attorney who assists a client with a real estate transaction. - ANSWER-A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. In Maine, when must a licensee furnish various documents, including copies of offers, counteroffers and all types of contracts to a consumer? A. At the time of their signatures B. Within a reasonable amount of time after their signatures C. Prior to depositing any earnest monies in the agency trust account D. Prior to the seller signing the deed - ANSWER-A. At the time of their signatures A Maine licensee shall disclose, in the offer to purchase, that the licensee is acting in self interest and that she is a real estate licensee EXCEPT when: A. Selling her own primary residential home. B. Buying real estate not listed with a real estate agency. C. Buying real estate listed with the licensee's agency. D. Buying real estate and sharing in the brokerage fee resulting from the sale. Your answer: C. Buying real estate listed with the licensee's agency. Maine Real Estate Test 2024/2025 Questions And Answers 100% Accurate Graded A+ No, the correct answer is - ANSWER-A. When buying property, a licensee is required by Maine law to disclose that she is a licensee.