TRELG - Maine Real Estate Exam Prep -
Additional Maine Related Questions
A Designated Broker in Maine must review and preliminary all documents associated with a
transaction for how many days after a sales agent licensee affiliates with the company?
A. 30
B. 90
C. A hundred and eighty
D. 365 - ANS-90
A Maine licensee may additionally provide a journey to Bermuda as a prize to the folks that
purchase one in all her listings before the cease of the month provided that:
A. The value of the ride is much less than $500.
B. She receives permission from the Attorney General earlier than advertising the prize.
C. This does no longer mislead the general public approximately the value of the actual estate
or services.
D. She does it "beneath the table" as inducements to buy are illegal. - ANS-This does not lie to
the public approximately the fee of the actual property or services.
A Maine licensee who's buying actual property listed with his own organisation ought to expose
that he has a real estate license in the:
A. Property disclosure shape.
B. Purchase and Sale Agreement.
C. Deed.
D. Lead Paint Addendum. - ANS-Purchase and Sale Agreement.
A Maine actual estate licensee is needed to provide Real Estate Brokerage Relationships Form
(Form #three):
A. When having a general discussion of marketplace conditions.
B. The first time there may be a substantive communication regarding a actual property
transaction.
C. When list or promoting his/her personal property.
D. When list a 6 unit rental residence. - ANS-The first time there is a significant communique
regarding a actual estate transaction.
Real Estate Brokerage Relationships Form (Form #3) ought to be provided whilst there's a
substantial verbal exchange concerning a actual property transaction. The form isn't required for
land without a residential living, or land with greater than four residential residing gadgets.
, A Maine actual estate licensee may additionally provide a redecorating allowance of $5000 as a
prize to the folks that buy considered one of her listings before the end of the month supplied
that:
A. The fee of the prize is less than $10,000.
B. She receives permission from the Attorney General earlier than advertising and marketing
the prize.
C. This does not lie to the public approximately the price of the actual estate or offerings.
D. She does it "below the table" as an inducement to buy. - ANS-This does now not misinform
the general public approximately the value of the real estate or offerings.
A property proprietor in an organized town in Maine who's going to carve off and sell 3 1/2-acre
house lots from his property must get subdivision approval from:
A. LUPC.
B. DEP.
C. The metropolis planning board.
D. The town code enforcement officer. - ANS-The city planning board.
A property proprietor inside the town of York, Maine who wishes a Certificate of Occupancy to
stay in her newly built residence needs to get the certificate from:
A. The Zoning Board of Appeals.
B. The York plumbing inspector.
C. The York Planning Board.
D. The Code Enforcement Officer for the city of York. - ANS-The Code Enforcement Officer for
the town of York.
A dealer who defaults on a agreement for the sale of actual property may additionally locate
himself:
A. Paying a high-quality to the Maine Real Estate Commission.
B. Before a court docket that may order unique performance (that forces the vendor to promote
the assets).
C. Answering to the Attorney General's patron safety department.
D. Wishing he had bought Errors and Omissions Insurance. - ANS-Before a court docket that
may order unique performance (that forces the vendor to promote the property). Since each
parcel of real property is precise, the court docket can also order the vendor to show over the
parcel to the client.
A special guarantee deed (recognized in Maine as a quitclaim deed with covenants) provides
ensures approximately the name to actual property to the buyer for:
A. The time period the seller owned the property.
B. The 40 years prior to the date of sale.
C. The time period the vendor owned the property as well as that of all prior proprietors inside
the chain of identify.
D. No period of time. - ANS-The time period the seller owned the assets.
Additional Maine Related Questions
A Designated Broker in Maine must review and preliminary all documents associated with a
transaction for how many days after a sales agent licensee affiliates with the company?
A. 30
B. 90
C. A hundred and eighty
D. 365 - ANS-90
A Maine licensee may additionally provide a journey to Bermuda as a prize to the folks that
purchase one in all her listings before the cease of the month provided that:
A. The value of the ride is much less than $500.
B. She receives permission from the Attorney General earlier than advertising the prize.
C. This does no longer mislead the general public approximately the value of the actual estate
or services.
D. She does it "beneath the table" as inducements to buy are illegal. - ANS-This does not lie to
the public approximately the fee of the actual property or services.
A Maine licensee who's buying actual property listed with his own organisation ought to expose
that he has a real estate license in the:
A. Property disclosure shape.
B. Purchase and Sale Agreement.
C. Deed.
D. Lead Paint Addendum. - ANS-Purchase and Sale Agreement.
A Maine actual estate licensee is needed to provide Real Estate Brokerage Relationships Form
(Form #three):
A. When having a general discussion of marketplace conditions.
B. The first time there may be a substantive communication regarding a actual property
transaction.
C. When list or promoting his/her personal property.
D. When list a 6 unit rental residence. - ANS-The first time there is a significant communique
regarding a actual estate transaction.
Real Estate Brokerage Relationships Form (Form #3) ought to be provided whilst there's a
substantial verbal exchange concerning a actual property transaction. The form isn't required for
land without a residential living, or land with greater than four residential residing gadgets.
, A Maine actual estate licensee may additionally provide a redecorating allowance of $5000 as a
prize to the folks that buy considered one of her listings before the end of the month supplied
that:
A. The fee of the prize is less than $10,000.
B. She receives permission from the Attorney General earlier than advertising and marketing
the prize.
C. This does not lie to the public approximately the price of the actual estate or offerings.
D. She does it "below the table" as an inducement to buy. - ANS-This does now not misinform
the general public approximately the value of the real estate or offerings.
A property proprietor in an organized town in Maine who's going to carve off and sell 3 1/2-acre
house lots from his property must get subdivision approval from:
A. LUPC.
B. DEP.
C. The metropolis planning board.
D. The town code enforcement officer. - ANS-The city planning board.
A property proprietor inside the town of York, Maine who wishes a Certificate of Occupancy to
stay in her newly built residence needs to get the certificate from:
A. The Zoning Board of Appeals.
B. The York plumbing inspector.
C. The York Planning Board.
D. The Code Enforcement Officer for the city of York. - ANS-The Code Enforcement Officer for
the town of York.
A dealer who defaults on a agreement for the sale of actual property may additionally locate
himself:
A. Paying a high-quality to the Maine Real Estate Commission.
B. Before a court docket that may order unique performance (that forces the vendor to promote
the assets).
C. Answering to the Attorney General's patron safety department.
D. Wishing he had bought Errors and Omissions Insurance. - ANS-Before a court docket that
may order unique performance (that forces the vendor to promote the property). Since each
parcel of real property is precise, the court docket can also order the vendor to show over the
parcel to the client.
A special guarantee deed (recognized in Maine as a quitclaim deed with covenants) provides
ensures approximately the name to actual property to the buyer for:
A. The time period the seller owned the property.
B. The 40 years prior to the date of sale.
C. The time period the vendor owned the property as well as that of all prior proprietors inside
the chain of identify.
D. No period of time. - ANS-The time period the seller owned the assets.
