Maine License Law
In Maine, a real estate agent who assists in a 'straw buyer' transaction (using a fictitious buyer to obtain a mortgage) has committed:
AA technical violation only
BMortgage fraud, a federal felony and a violation of Maine license law✓ Correct
CA civil violation only
DNo violation if the property sells at market value
Explanation
Participating in a straw buyer scheme constitutes mortgage fraud under 18 U.S.C. § 1014 and is a federal felony. It is also a violation of Maine license law's prohibition on misrepresentation and dishonest dealing.
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