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Real Estate Salesperson Exam — National Portion

Agencies (ME): practice questions

Our Real Estate (National) bank has 7 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Maine

What must a Maine agency license as a branch office?

  1. Only offices with ten or more agents
  2. Any advertised public-contact location
  3. Each agent's home office
  4. Nothing; branches need no license
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B. Any advertised public-contact location — 32 M.R.S. 13173(6).

Question 2 · Maine

When do Maine agency licenses expire?

  1. June 30 each year
  2. December 31 of the biennial period
  3. On the designated broker's birthday
  4. They never expire
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B. December 31 of the biennial period — 32 M.R.S. 13182.

Question 3 · Maine

Who keeps custody of Maine sales agents' licenses?

  1. The sales agent, at home
  2. The agency's designated broker
  3. The commission's office
  4. The local board of Realtors
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B. The agency's designated broker — 32 M.R.S. 13181.

Question 4 · Maine

Who must hold a Maine broker license for a real estate brokerage agency?

  1. Every employee of the agency
  2. The designated broker of the agency
  3. Only the office receptionist
  4. No one, if the agency is a company
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B. The designated broker of the agency — 32 M.R.S. 13173(1).

Question 5 · Maine

If a Maine agency is licensed under a trade name, where must that name be used?

  1. Only on its office signs
  2. In all of its brokerage advertising
  3. Only in signed contracts
  4. Nowhere; it is optional
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B. In all of its brokerage advertising — 32 M.R.S. 13176.

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