Agency
In Maine, the agency relationship between a broker and client is typically created by:
AThe MLS listing only
BA written agency agreement (listing agreement or buyer brokerage agreement)✓ Correct
CThe first showing of a property
DVerbal agreement alone
Explanation
Agency relationships in Maine real estate should be created through written agreements. Listing agreements create the seller-broker relationship, and buyer brokerage agreements create the buyer-broker relationship.
Related Maine Agency Questions
- In Maine, 'subagency' means:
- Under Maine law, when must a licensee provide the 'Understanding Agency' disclosure form to a buyer?
- Under Maine agency law, a seller's agent owes which duty to the buyer?
- Dual agency in Maine is:
- In Maine, when a listing agent's client (seller) receives a full-price offer but with conditions the seller dislikes, the agent should:
- When a Maine broker learns that their salesperson has been secretly representing both buyer and seller without disclosure, the broker should:
- Maine law requires that agency disclosure be provided to consumers:
- In Maine, a 'facilitator' (transaction broker) owes duties to both parties that include all EXCEPT:
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