Maine Revised Statutes Title 32 Sec. 13251-A – Conflict of interest
Current as of: 2023 | Check for updates
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Terms Used In Maine Revised Statutes Title 32 Sec. 13251-A
- agency: means any person or entity engaged in real estate brokerage services through its designated broker, associates or employees and licensed by the commission as a real estate brokerage agency. See Maine Revised Statutes Title 32 Sec. 13171
- Appraisal: A determination of property value.
- Real estate: means all estates and lesser interests in land and an existing business if real estate is a part of the business. See Maine Revised Statutes Title 32 Sec. 13001
A real estate broker or associate broker may not knowingly provide or offer an appraisal or opinion of market value, as set forth in section 14004, on real estate in a transaction where the broker or associate broker, or any other licensee licensed with the agency, is to receive a fee on that transaction. [PL 1999, c. 185, §3 (AMD).]
SECTION HISTORY
PL 1995, c. 240, §1 (NEW). PL 1999, c. 185, §3 (AMD).