Maine

Maine Real Estate Study Guides

The Maine License Professor is Maine's number one provider of high quality real estate knowledge designed to help YOU pass your Maine real estate exam the first time. Explanations and feedback given by the Maine License Professor is provided by real estate license instructors and professional realtors from across the United States. Many students have already aced their Maine real estate exam by preparing with the Maine License Professor. Shouldn't you?

Contents


The Maine License Professor covers fundamentals of real estate, including contracts, property ownership, and finance, as well as the state laws, rules, and regulations governing the real estate industry.

The Maine License Professor Features:

  • 3 interactive study methods (Learning, Exam, and Flash Card)
  • 14 practice real estate license exams containing over 2100 questions
  • Both state and national real estate exam questions
  • Specific math and definition exams
  • Real estate specific online dictionary with hundreds of terms phrases

Maine state specific topics include:

  • Commission regulations
  • Licensing requirements
  • Agent responsibilities and disclosures
  • Record-keeping
  • Advertising requirements

Studying with the Maine License Professor will:

  • Increase your understanding of course material
  • Improve your exam comfort, familiarity, and completion speed
  • Start preparing immediately as there is no software to be delivered
  • Work from home comfortably (slippers allowed): Study wherever and whenever you desire
  • Have no need to attend expensive exam prep classes or real estate license school

The content for each Maine real estate exam has been extensively planned out by the Maine License Professors editorial staff; professionals who teach real estate license courses all over Maine. Through their valuable years of instructional experience they have created a series of practice tests that help future realtors prepare for their real estate exam. Don't set up to fail. Pass the real estate exam using the excellent practice exams and informative feedback that the Maine License Professor's system provides.

The Maine License Professor covers:

  1. Introduction to the Real Estate Business
  2. Real Property and the Law
  3. Concepts of Home Ownership
  4. Agency
  5. Real Estate Brokerage
  6. Listing Agreements and Buyer Representation
  7. Interests in Real Estate
  8. Forms of Real Estate Ownership
  9. Legal Descriptions
  10. Real Estate Taxes and Other Liens
  11. Real Estate Contracts
  12. Transfer of Title
  13. Title Records
  14. Real Estate Financing: Principles
  15. Real Estate Financing: Practice
  16. Leases
  17. Property Management
  18. Real Estate Appraisal
  19. Land-Use Controls and Property Development
  20. Fair Housing and Ethical Practices
  21. Environmental Issues and Real Estate Transactions
  22. Closing the Real Estate Transaction
  23. Real Estate Math
  24. Maine Law and Practice

Maine Real Estate License Requirements

In Maine, exams, licensing, and continuing education for real estate agents are governed by the Maine Real Estate Commission.

There are three basic real estate licenses in Maine, a real estate sales agent license, an associate real estate broker license, and a real estate broker / designated broker's license. Generally, a real estate sales agent license allows the holder to sell real estate only under the auspices of a licensed broker. (Salesperson's licenses are generally what people refer to when they say they have a real estate license.)

To obtain the salesperson's license, a person must:

  • Be at least 18 years of age
  • Have obtained a high school diploma or equivalency certificate (GED)
  • Complete criminal records check
  • Pass the real estate salesperson licensing examination with a minimum final grad of 75%
  • Complete the license application
Sample Salesperson Exam

To obtain the associate broker's license, a person must:

  • Complete the license application
  • Be at least 18 years of age
  • Have obtained a high school diploma or equivalency certificate (GED)
  • Complete two years practice as an actively licensed sales agent
  • Complete the 60-hour Associate Broker Course (plus Documented Field Experience Form) with a minimum final grade of 75%
  • Pass the Sales Agent examination administered by Pearson VUE (if this examination was not passed prior to Sales Agent licensure)
  • Furnish a resume of full-time experience as a licensed associate broker for the one year (12 months) immediately preceding the date of application for a broker license
  • Complete one year of practice as a licensed sales agent
  • Or
  • Furnish transcript(s) showing completion of 2 years (60 credit hours) in a business degree program, 9 credits of which must be for successful completion of the Sales Agent Course, the Associate Broker Course, and the Designated Broker Course
Sample Brokers Exam

Maine has reciprocal agreements with all states. Anyone holding licenses from another state will be required to pass the Maine law portion of the exam.