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Real Estate Salesperson Exam — National Portion

Agency (ME): practice questions

Our Real Estate (National) bank has 10 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 seller agent disclose to buyers?

  1. The seller's reasons for selling
  2. Known defects in physical condition
  3. The seller's lowest acceptable price
  4. Nothing about the property
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B. Known defects in physical condition — 32 M.R.S. 13273(2)(A).

Question 2 · Maine

What may a Maine disclosed dual agent NOT reveal?

  1. Relevant facts about the property
  2. The seller's price flexibility
  3. The list price and lot size
  4. The scheduled closing date
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B. The seller's price flexibility — 32 M.R.S. 13275(1)(C).

Question 3 · Maine

Which duties bind a Maine agency under a brokerage agreement?

  1. Only honesty to all parties
  2. The seven listed agency duties
  3. Only accounting for money
  4. None beyond the contract terms
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B. The seven listed agency duties — 32 M.R.S. 13272.

Question 4 · Maine

After a Maine brokerage agreement ends, which duty continues?

  1. Seeking offers
  2. Accounting for money received
  3. Promoting the client's interests
  4. Showing properties
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B. Accounting for money received — 32 M.R.S. 13281(2), along with confidentiality.

Question 5 · Maine

To which sales must a Maine agency give the brokerage relationship disclosure form?

  1. All commercial sales over $1 million
  2. Residential 1-4 unit sales
  3. Only new construction sales
  4. Only residential rentals
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B. Residential 1-4 unit sales — 32 M.R.S. 13279.

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