Maine shoreland zoning affects agents because:
Correct Answer
B) Properties near water are subject to mandatory state shoreland zoning restrictions
Maine's Mandatory Shoreland Zoning Act restricts development within 250 feet of water bodies and 75 feet of streams. Agents must disclose shoreland zoning impacts to buyers of waterfront property.
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Related Topics & Key Terms
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Related Concepts
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
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