Maine License Law
A Maine agent who purchases a property that is being sold by one of their clients must:
ASimply proceed as any other buyer
BDisclose their licensed status and the conflict of interest to the seller in writing✓ Correct
CObtain MREC approval before purchasing
DAutomatically forfeit any commission on related listings
Explanation
Maine license law requires licensees who purchase property to disclose their licensed status and any personal interest in the transaction. Failing to disclose this is a violation of license law.
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