Maine License Law
Under Maine's real estate license law, a licensee who fails to disclose a material fact to a buyer may face:
AOnly a civil fine from MREC
BLicense suspension or revocation and civil liability✓ Correct
CNo penalty if the seller directed the non-disclosure
DA mandatory retraining course only
Explanation
Failing to disclose material facts can result in MREC disciplinary action including license suspension or revocation, as well as civil liability to the buyer for damages suffered.
Related Maine Maine License Law Questions
- A Maine real estate licensee who has been inactive for 3 years wishes to reactivate their license. They must:
- In Maine, a real estate license becomes inactive when:
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