Agency
In Maine, a listing agent has the duty to market the property diligently. If the listing agent fails to actively market a property for months, the seller may be entitled to:
ANo remedy, as the agent is trying their best
BTerminate the listing agreement for breach of the agent's duty of diligence✓ Correct
COnly a reduced commission
DFile a complaint with the MLS
Explanation
An agent who fails to exercise reasonable diligence in marketing may be in breach of their duty to the seller. The seller may have grounds to terminate the listing agreement for failure to perform.
Related Maine Agency Questions
- A Maine listing agent who receives an offer from an unrepresented buyer must:
- A Maine buyer's agent learns during a showing that a listing agent has represented the property as having a 2-car garage when in fact it has a 1-car garage. The buyer's agent should:
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- In Maine, a buyer's agent who discloses the buyer's financial capacity to the listing agent without authorization has breached which duty?
- A Maine buyer's agent learns from the listing agent that the property is the subject of pending litigation (a boundary dispute). The buyer's agent must:
- Under Maine's designated agency rules, the designated buyer's agent within a real estate company owes the buyer:
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- Under Maine law, a real estate agent 'facilitating' a transaction (as a transaction broker) is different from a 'dual agent' primarily because:
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