For the Maine Sales Agent law portion under Law of Agency/Brokerage, a brokerage agency enters into a brokerage agreement with a buyer or seller client. Which statement is correct?
Correct Answer
A) The agency owes the statutory duties of loyalty, obedience, disclosure, confidentiality, reasonable care, diligence, and accounting
Title 32 section 13272 lists the core agency duties owed when a Maine brokerage agency provides services through a brokerage agreement. Source basis: Maine Revised Statutes Title 32, section 13272, checked 2026-04-30: a brokerage agency serving a client through a brokerage agreement owes duties of loyalty, obedience, disclosure, confidentiality, reasonable care, diligence, and accounting, and may be a seller agent, buyer agent, subagent, or disclosed dual agent.
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