Agency
When must a Maine licensee disclose their agency relationship to a potential buyer at an open house?
AOnly if the buyer specifically asks
BAt first substantive contact✓ Correct
CAfter the buyer submits an offer
DDisclosure is not required at open houses
Explanation
Maine law requires agency disclosure at the first substantive contact, which includes interactions at open houses when the discussion turns to price, terms, or the buyer's real estate needs.
Related Maine Agency Questions
- Under Maine law, who bears the burden of proving that a dual agency disclosure was made and consent was obtained?
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- A Maine real estate agent who helps a client prepare an offer 'too low to be taken seriously' because the agent does not want to lose their relationship with the listing agent has violated their duty of:
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