Licensing
Name the 3 requirements a Sales Agent needs to meet before applying for their Associate Broker license.
Passing the Associate Broker course with a 75% or higher, Completed Field Experience Form, and Completion of the current core course.
Who is responsible for supervising all affiliated agents?
The Designated Broker
How long do you have once a property is active for showings to start?
3 calendar days
How far does typical shoreland zoning extend from lakes, rivers, and the ocean?
250 feet from the normal high‑water line
Lead paint disclosure requirements apply to homes built before what year?
1978
Your license expired yesterday can you continue showing homes?
No , unlicensed brokerage activity
In the Exclusive Buyer Representation Agreement Combo form and Exclusive Right to Sell Listing Agreement Combo what are the 2 key factors in selecting this agreement?
With selecting the combo forms, it addresses Appointed Agency and Disclosed Dual Agency.
When can you re-list your canceled listing?
90 Calendar Days
How far does shoreland zoning extend from streams?
75 feet from the high‑water line
What 2 documents must be provided to buyers regarding lead paint hazards?
Lead Paint Pamphlet along with the Lead Paint Addendum
Can you advertise another agents listing on your social media page?
With written permission from brokerage.
How long after going under contract or closing must you send your Dotloop file to Under Review?
24 Hours
When you have a Coming Soon Listing how many days can the property be in the coming soon status?
10 Business Days
Typical minimum setback for new structures from the high‑water line?
Usually 75 feet or more depending on municipality
How many days does a buyer typically have to conduct a lead paint risk assessment or inspection?
10 Days
How often is the core course changed in the state of Maine?
Every 2 years
In Chapter 410 in the Maine Real Estate Rules. It states that an affiliated licensee must provide originals or true copies of all real estate brokerage documents and records to the designated broker within how many days after execution of the document or record.
5 calendar days
How long do you have to input a listing in the MLS after your contract is signed?
5 business Days
Who typically enforces shoreland zoning regulations?
Local municipality / Code Enforcement Officer
Who is responsible for ensuring the lead disclosure form is completed?
A. The buyer
B. The seller
C. The listing agent
D. Everyone involved in the transaction
D – Everyone involved in the transaction must ensure compliance.
Agents can be fined up to $16,000+ per violation under federal law.
Name the form used when a seller agent can not attend an open house and has another agent fill in.
Temporary Replacement Form
In Maine, if a licensee receives earnest money directly from a buyer, how long do they have to deliver it to their broker?
Immediately, then the broker must deposit it into the escrow account within 5 business days.
How long do you have to close out your listing after closing on the MLS
3 Business Days
What requirement does a buyer need to complete prior or up to 9 months after closing?
Septic Inspection
Repairs: Malfunctioning systems must be repaired or replaced within one year of transfer.
How many questions does a seller answer on the lead paint addendum?
2 sections. Do you know of lead based paint/do you have records?