Maine License Law
A Maine real estate licensee's license is automatically suspended if the licensee:
AFails to complete one CE course
BFails to renew by the expiration date✓ Correct
CChanges employing brokers
DMoves to a new address without updating MREC
Explanation
A Maine real estate license that is not renewed by the expiration date automatically lapses. The licensee cannot practice real estate until the license is reinstated.
Related Maine Maine License Law Questions
- Maine license law requires a broker to supervise affiliated salespersons through which of the following?
- In Maine, a licensee who becomes aware that their client is planning to commit fraud in a real estate transaction should:
- Under Maine license law, a broker who violates MREC rules may face all of the following EXCEPT:
- Which of the following Maine real estate license types may NOT independently supervise other licensees?
- A Maine real estate licensee who is also a licensed mortgage broker must disclose this dual role to:
- Maine requires that any real estate team operating within a brokerage must:
- Under Maine license law, a real estate licensee who acts as a buyer's agent must provide the buyer with a written agency disclosure:
- Maine license law requires that a buyer's brokerage agreement specify:
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