Agency
Maine law allows a listing broker to sign a disclosure form on behalf of a seller in which circumstance?
AAny time the seller is unavailable
BOnly with express written authorization from the seller✓ Correct
CWhenever the broker believes it is in the seller's interest
DNever; only the seller can sign the seller's disclosure form
Explanation
A broker may not sign legal documents on behalf of a client without explicit, written authorization (power of attorney). The seller's disclosure form should be signed by the seller; the broker cannot sign on the seller's behalf without proper legal authority.
Related Maine Agency Questions
- In Maine, a transaction broker (limited agent) owes which of the following duties to BOTH parties?
- In Maine, 'procuring cause' determines which agent is entitled to a commission when a buyer is shown a home by multiple agents. Procuring cause is generally the agent who:
- A Maine real estate agent who, without authorization, promises a seller that the property will sell within 30 days has exceeded their authority. This is an example of:
- A buyer's agent in Maine owes the buyer the duty of:
- Under Maine agency law, a 'facilitator' (transaction broker) may:
- A Maine buyer tells their agent they would be willing to pay up to $350,000 for a home listed at $335,000. The buyer's agent should:
- A Maine salesperson working under a broker who has a designated agency policy may be designated to represent only the buyer in a transaction where another agent in the same office represents the seller. This arrangement:
- Maine's fiduciary duties end when:
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