Property Management
A Maine property manager who is convicted of embezzling tenant funds would most likely face:
AOnly a civil fine from MREC
BCriminal charges and permanent revocation of their real estate license✓ Correct
CMandatory retraining and a suspension only
DNo professional consequences if they repay the funds
Explanation
Embezzlement of client funds is a criminal offense. A property manager convicted of such conduct faces criminal prosecution and almost certain permanent revocation of their real estate license.
Related Maine Property Management Questions
- In Maine, a property manager who collects rent on behalf of a building owner must hold those funds:
- A Maine commercial tenant with a percentage lease pays rent based on:
- A Maine tenant in a month-to-month tenancy wishes to terminate. They must give the landlord at least:
- A Maine landlord wants to evict a tenant for nonpayment of rent. The landlord must first serve the tenant with a:
- A Maine property manager who enters into a contract on behalf of their principal (property owner) without written authorization may:
- Under Maine law, a landlord must return a tenant's security deposit within how many days after the tenancy ends?
- Under Maine's Residential Landlord and Tenant Act, how much advance notice must a landlord give before entering a tenant's unit for non-emergency repairs?
- A Maine commercial lease that has an annual CPI (Consumer Price Index) rent escalation clause adjusts rent based on:
Practice More Maine Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maine Quiz →