Agency
In Maine, a seller who sells their own home without a real estate agent is called a:
ADesignated broker
BFor Sale By Owner (FSBO)✓ Correct
CPrincipal broker
DLimited service provider
Explanation
A For Sale By Owner (FSBO) seller markets and sells their own property without the assistance of a licensed real estate agent. No license is required when selling your own property.
Related Maine Agency Questions
- Under Maine law, a real estate agent 'facilitating' a transaction (as a transaction broker) is different from a 'dual agent' primarily because:
- In Maine, a 'non-exclusive' buyer brokerage agreement means the buyer:
- When a Maine real estate agent represents only one party but provides services to both buyer and seller, this is called:
- Which fiduciary duty requires a Maine listing agent to inform the seller of all offers received, even after the seller has accepted another offer?
- Maine law requires that agency disclosure be provided to consumers:
- An agency agreement in Maine is terminated by all of the following EXCEPT:
- When must a Maine licensee disclose their agency relationship to a potential buyer at an open house?
- A Maine buyer's agent who learns that the seller is going through a divorce and must sell quickly has a duty to:
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