Agency
A Maine real estate agent has a buyer under a written buyer agency agreement. The agent finds a FSBO (for sale by owner) property that perfectly matches the buyer's needs. The agent should:
ADecline to show the property since there is no listing commission
BShow the property and discuss how the buyer's agent fee will be paid✓ Correct
CTell the buyer to negotiate directly with the FSBO seller
DOnly contact FSBO sellers who agree to pay the buyer's agent commission
Explanation
A buyer's agent owes fiduciary duties to the buyer, including finding suitable properties regardless of how compensation is arranged. The agent should show the property and work out compensation arrangements with the buyer and/or seller.
Related Maine Agency Questions
- Under Maine license law, can a listing broker be liable for misrepresentations made by a salesperson working under them?
- A Maine listing agent who is showing their own listing to a buyer without buyer representation should advise the buyer that:
- Maine requires that the Consumer Information Statement be signed by the consumer to:
- A Maine buyer's agent discovers that the seller has received a higher offer but not yet accepted it. The buyer's agent must:
- In Maine, a seller who sells their own home without a real estate agent is called a:
- A Maine buyer's agent learns that their buyer-client is willing to pay $20,000 more than their offer. The agent must:
- A Maine seller's agent who discovers their seller's property has a failing septic system not yet disclosed must:
- A Maine buyer's agent who represents a buyer in multiple transactions with the same seller may have a conflict of interest and should:
Practice More Maine Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maine Quiz →