Agency
Maine requires that buyer brokerage agreements include:
AA minimum commission of 3%
BThe broker's fee, the scope of services, and the duration of the agreement✓ Correct
CA guarantee to find the buyer a property within 60 days
DPersonal financial information about the buyer
Explanation
Maine buyer brokerage agreements must include the broker's compensation arrangement, the scope of services to be provided, and the duration (term) of the agreement.
Related Maine Agency Questions
- In Maine, a buyer's agent who assists their buyer in preparing an offer for a property listed by the same company must, under designated agency:
- When a Maine real estate agent represents both the buyer and seller in the same transaction as a dual agent, the agent must:
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- Maine licensees who wish to advertise as 'buyer specialists' or 'buyer's agents' must ensure their advertising:
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- In Maine, an agent who 'sits on' an offer for two days before presenting it to the seller may be violating their duty of:
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