Which of the following best describes a Maine listing broker's obligation regarding offers received on a listed property?
Correct Answer
D) All offers must be presented to the seller promptly, regardless of price or terms
Under Maine real estate license law and agency duties, a listing broker is obligated to present all offers to the seller promptly, regardless of the offer price, terms, or the broker's personal opinion of the offer's merit. This duty exists to protect the seller's right to make informed decisions about their property. A broker who withholds or filters offers without the seller's explicit written authorization may be in violation of their fiduciary duties and Maine license law.
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The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
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FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
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