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AgencyBrokerage_relationship_disclosureEASY

A Maine licensee is handling a Maine licensee has substantive communication with a prospective buyer or seller about a 1-4 unit residential real estate transaction. What is the best answer?

Correct Answer

D) The licensee generally must furnish the Real Estate Brokerage Relationships Form, discuss it, and acknowledge that the prospect received the required brokerage relationship information

Title 32 section 13279 and Chapter 410 Section 9 require a meaningful written brokerage relationship disclosure form for residential 1-4 unit buyers and sellers, with the form furnished at substantive communication subject to listed exceptions. Source basis: Maine Revised Statutes Title 32, section 13279 and Maine Real Estate Commission Chapter 410 Section 9, checked 2026-04-30: brokerage agencies must provide buyers and sellers of 1-4 unit residential real property a meaningful written brokerage relationship disclosure form; rules require the form when substantive communication occurs by face-to-face, written, or electronic communication, subject to listed exceptions.

Answer Options
A
The form is required only after the purchase and sale contract is signed
B
The form is required for vacant land with no residential dwelling unit
C
The form creates a brokerage agreement by itself
D
The licensee generally must furnish the Real Estate Brokerage Relationships Form, discuss it, and acknowledge that the prospect received the required brokerage relationship information

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Related Topics & Key Terms

Related Topics:

maine agencybrokerage relationshipsdisclosed dual agencyappointed agentsrelationship disclosure

Key Terms:

maineagencybrokerage_relationship_disclosurebrokerage relationshipscommission rules
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