Maine Real Estate Salesperson Exam — All Questions

Maine requires a licensee to give a consumer written information about brokerage relationships:

• a.Only after a purchase-and-sale agreement is signed
• b.Only at the closing table
• c.In a timely manner, when the licensee first begins to work with the consumer and before confidential information is disclosed✓
• d.Only if the consumer requests it in writing

Maine licensees must provide consumers with the required written disclosure of brokerage relationships in a timely manner, at the outset of the working relationship and before the consumer shares confidential information. The form explains the available relationships so the consumer can decide whether to be represented as a client. The disclosure itself does not create an agency relationship.

Under Maine law, a licensee may act as a disclosed dual agent representing both the buyer and the seller only if:

• a.The agency price is below a statutory limit
• b.Both parties give informed written consent to the dual agency✓
• c.The two parties use the same attorney
• d.The transaction is a new-construction sale

Maine permits disclosed dual agency, in which the same brokerage represents both the buyer and the seller, only with the informed written consent of both parties. Because a dual agent cannot fully advocate for either side, the licensee must not reveal one party's confidential information to the other. Maine agencies often use designated or appointed agents to manage in-house representation.