Agency
Maine law requires a real estate agent to present ALL written offers to the seller:
AOnly until the seller has accepted an offer
BUntil closing, unless the seller instructs otherwise in writing✓ Correct
COnly if the offer is within 10% of the list price
DOnly offers from pre-qualified buyers
Explanation
Maine licensees must present all written offers to the seller promptly until closing, unless the seller has provided written instructions to the contrary. The seller may direct the agent not to present offers below a certain price.
Related Maine Agency Questions
- A Maine real estate agent representing a seller accidentally discloses the seller's financial urgency to the buyer. This is a breach of:
- Under Maine law, 'reasonable care and diligence' as an agent duty means the agent must:
- When a Maine broker learns that their salesperson has been secretly representing both buyer and seller without disclosure, the broker should:
- Which fiduciary duty requires a Maine listing agent to inform the seller of all offers received, even after the seller has accepted another offer?
- A Maine real estate agent who provides their buyer-client with accurate, complete, and timely information throughout the transaction is fulfilling the fiduciary duty of:
- Under Maine law, a real estate agent's duty of disclosure includes disclosing which of the following to a buyer?
- In Maine, 'implied agency' may be created when:
- Under Maine law, a listing agent who fails to disclose that the property is located in a flood zone (a material fact) may be liable for:
Practice More Maine Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maine Quiz →