Agency
A Maine seller's agent who discovers their seller's property has a failing septic system not yet disclosed must:
AWait for the seller to authorize disclosure
BDisclose the condition to prospective buyers as a material fact✓ Correct
COnly disclose if the buyer specifically asks
DKeep the information confidential
Explanation
A failing septic system is a material fact that must be disclosed to prospective buyers. The agent's duty to disclose material facts overrides any instruction from the seller to conceal the defect.
Related Maine Agency Questions
- In Maine, a licensee who has a personal financial interest in a property transaction must:
- A Maine buyer's agent accompanies their client to view a home listed by a competing broker. The buyer's agent owes fiduciary duties to:
- Maine law requires a real estate agent to present ALL written offers to the seller:
- Which fiduciary duty requires a Maine listing agent to inform the seller of all offers received, even after the seller has accepted another offer?
- Under Maine agency law, a seller's agent owes which duty to the buyer?
- An agency agreement in Maine is terminated by all of the following EXCEPT:
- In Maine, 'vicarious liability' means that a broker may be liable for the actions of their salespersons:
- In Maine, a subagency relationship exists when:
Practice More Maine Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maine Quiz →