Agency
Maine licensees who wish to advertise as 'buyer specialists' or 'buyer's agents' must ensure their advertising:
AIncludes their exact commission rate
BIs truthful and that the licensee actually specializes in representing buyers✓ Correct
CHas been reviewed by the MREC
DIncludes a disclaimer that they also represent sellers
Explanation
All Maine real estate advertising must be truthful and non-misleading. A licensee claiming to be a buyer specialist must actually have the experience, training, and practice that justifies the claim.
Related Maine Agency Questions
- Maine law allows a listing broker to offer compensation to cooperating buyer's agents. This offer of compensation must be made through:
- A Maine buyer's agent who fails to investigate the property's condition or research comparable sales before helping their buyer make an offer may be in violation of their duty of:
- A Maine real estate agent who completes a transaction but fails to account for all funds received from or on behalf of the client has breached the duty of:
- A Maine real estate agent who promises a seller they can obtain a specific sale price to secure a listing is engaging in:
- Under Maine's agency disclosure requirements, a listing agent who works with a buyer must clarify their agency relationship because:
- In Maine, a 'subagent' of the listing broker owes fiduciary duties to:
- A Maine buyer's agent who has a personal financial interest in the property they are helping the buyer purchase must:
- Under Maine law, when must a licensee provide the 'Understanding Agency' disclosure form to a buyer?
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