Maine Real Estate final exam practice
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Maine Real Estate Commission - Fla... Chapter 3 tests Unit 12 Quiz Maine
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John is a subagent of the seller Nancy. To whom does B.
John owe fiduciary duties?
A. The buyer
B. Nancy
C. Nobody
D. All parties to the transaction
A closing takes place on August 31. After the closing, the C.
buyer takes possession of the property:
A. On September 1.
B. On August 31.
C. On whatever date was agreed upon by the seller and
the buyer in the Purchase and Sale Agreement.
D. No earlier than 24 hours after closing.
Terry is a loan officer. Terry is prohibited from paying A.
kickback fees to a real estate licensee for referrals under
the provisions of:
A. RESPA.
B. The Americans with Disabilities Act.
C. Federal Fair Housing Law.
D. Civil Rights Law.
For which party does Lender's title insurance provide B.
protection?
A. The owner and lender equally.
B. Only the lender.
C. Only the current owner.
D. Neither the owner nor the lender.
, According to the Maine Real Estate Commission rules, D.
whose signature must appear on the Property Disclosure
form?
A. Signatures of the real estate licensees involved in the
transaction
B. Signature of the seller
C. Signatures of both the buyer and seller
D. No signatures are required on the Property Disclosure
form
A Maine real estate licensee may offer a decorating C.
allowance of $5000 as a prize to the people who
purchase one of her listings before the end of the month
provided that:
A. The value of the prize is less than $10,000.
B. She gets permission from the Attorney General before
advertising the prize.
C. This does not mislead the public about the value of the
real estate or services.
D. She does it "under the table" as an inducement to buy.
Of the following choices, where is a Maine licensee most C.
likely to find information about a permit for a private
septic system located in a town?
A. Registry of deeds
B. Environmental Protection Agency
C. Town Hall
D. Probate court
In Maine, the property disclosure form is to be delivered B.
to a buyer:
A. Before a property is shown to a buyer.
B. Prior to or during the preparation of an offer.
C. Before the building inspection.
D. Only in person.
11. Restrictive covenants are private restrictions on the D.
use of property. Of the following, which may impose
restrictive covenants?
A. Land Use Protection Commission (LUPC)
B. Environmental Protection Agency (EPA)
C. Code Enforcement Officer (CEO)
D. A real estate developer
In Maine, a landlord may charge the tenant for late 4%
payment of rent a maximum fee of:
Save
Students also studied
Maine Real Estate Commission - Fla... Chapter 3 tests Unit 12 Quiz Maine
15 terms 51 terms 20 terms 350 term
Preview crystal_valentine6 Preview camila_ballesteros Preview cw1
John is a subagent of the seller Nancy. To whom does B.
John owe fiduciary duties?
A. The buyer
B. Nancy
C. Nobody
D. All parties to the transaction
A closing takes place on August 31. After the closing, the C.
buyer takes possession of the property:
A. On September 1.
B. On August 31.
C. On whatever date was agreed upon by the seller and
the buyer in the Purchase and Sale Agreement.
D. No earlier than 24 hours after closing.
Terry is a loan officer. Terry is prohibited from paying A.
kickback fees to a real estate licensee for referrals under
the provisions of:
A. RESPA.
B. The Americans with Disabilities Act.
C. Federal Fair Housing Law.
D. Civil Rights Law.
For which party does Lender's title insurance provide B.
protection?
A. The owner and lender equally.
B. Only the lender.
C. Only the current owner.
D. Neither the owner nor the lender.
, According to the Maine Real Estate Commission rules, D.
whose signature must appear on the Property Disclosure
form?
A. Signatures of the real estate licensees involved in the
transaction
B. Signature of the seller
C. Signatures of both the buyer and seller
D. No signatures are required on the Property Disclosure
form
A Maine real estate licensee may offer a decorating C.
allowance of $5000 as a prize to the people who
purchase one of her listings before the end of the month
provided that:
A. The value of the prize is less than $10,000.
B. She gets permission from the Attorney General before
advertising the prize.
C. This does not mislead the public about the value of the
real estate or services.
D. She does it "under the table" as an inducement to buy.
Of the following choices, where is a Maine licensee most C.
likely to find information about a permit for a private
septic system located in a town?
A. Registry of deeds
B. Environmental Protection Agency
C. Town Hall
D. Probate court
In Maine, the property disclosure form is to be delivered B.
to a buyer:
A. Before a property is shown to a buyer.
B. Prior to or during the preparation of an offer.
C. Before the building inspection.
D. Only in person.
11. Restrictive covenants are private restrictions on the D.
use of property. Of the following, which may impose
restrictive covenants?
A. Land Use Protection Commission (LUPC)
B. Environmental Protection Agency (EPA)
C. Code Enforcement Officer (CEO)
D. A real estate developer
In Maine, a landlord may charge the tenant for late 4%
payment of rent a maximum fee of:
