Maine Real Estate liscence laws
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Maine Real Estate final exam practic... Maine Real Estate Commission - Fla... Maine Laws and Rules Governing Ac... Maine
80 terms 15 terms 6 terms 38 terms
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You are a real estate licensee in Maine. Your friend I can't pay referral fees to someone who is not a real estate licenscee.
Andrew, who is not a real estate licensee, asks if you will
pay him $250 for every sales lead he sends you. What do
you tell Andrew?
Elwood holds a Maine auctioneer license. He wants to Yes.
call bids at a real estate auction and take custody of the
earnest money from the highest bidder. Does Elwood
need a real estate license in addition to his auctioneer
license in order to do this?
What are the maximum penalties that the Maine Real 2,000 per violation plus the amount of compensation received in the transaction.
Estate Commission may impose for violating real estate Plus, revocation or suspension of a license.
license law?
Can also report findings to the Attorney General.
Each industry member of the real estate commission must 5 years.
have been a broker or associate broker for how many
years before being appointed?
Can a licencee be disciplined for innocent No.
representation?
The Director concludes an investigation into wrongdoing Dismiss, execute a consent agreement, or issue a petition for a hearing.
by licensee Roberta. What three actions may the Director
take?
Marcus decides that he wants to create a brokerage that No, an agency must have a fixed and definite place of business.
only has an internet presence. Is this allowed?
F.O Bailey Real estate company is expanding to two new Yes, they must be licensed as branch offices.
locations that it will advertise as branch locations. Does
each branch office need a license?
Save
Students also studied
Maine Real Estate final exam practic... Maine Real Estate Commission - Fla... Maine Laws and Rules Governing Ac... Maine
80 terms 15 terms 6 terms 38 terms
esbaldacci Preview Preview kameron_morin Preview esb
You are a real estate licensee in Maine. Your friend I can't pay referral fees to someone who is not a real estate licenscee.
Andrew, who is not a real estate licensee, asks if you will
pay him $250 for every sales lead he sends you. What do
you tell Andrew?
Elwood holds a Maine auctioneer license. He wants to Yes.
call bids at a real estate auction and take custody of the
earnest money from the highest bidder. Does Elwood
need a real estate license in addition to his auctioneer
license in order to do this?
What are the maximum penalties that the Maine Real 2,000 per violation plus the amount of compensation received in the transaction.
Estate Commission may impose for violating real estate Plus, revocation or suspension of a license.
license law?
Can also report findings to the Attorney General.
Each industry member of the real estate commission must 5 years.
have been a broker or associate broker for how many
years before being appointed?
Can a licencee be disciplined for innocent No.
representation?
The Director concludes an investigation into wrongdoing Dismiss, execute a consent agreement, or issue a petition for a hearing.
by licensee Roberta. What three actions may the Director
take?
Marcus decides that he wants to create a brokerage that No, an agency must have a fixed and definite place of business.
only has an internet presence. Is this allowed?
F.O Bailey Real estate company is expanding to two new Yes, they must be licensed as branch offices.
locations that it will advertise as branch locations. Does
each branch office need a license?
