Maine License Law
Under Maine law, the designated broker of a real estate company must:
APersonally negotiate every contract
BMaintain a trust account if the company handles client funds✓ Correct
CLive within 50 miles of the company's office
DHold a license in every state where the company has clients
Explanation
If a Maine real estate brokerage handles client funds (earnest money, security deposits), the designated broker must maintain a separate trust account for those funds, keeping them segregated from operating funds.
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