Maine Revised Statutes Title 32 Sec. 13277 – Written policy
Current as of: 2023 | Check for updates
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Terms Used In Maine Revised Statutes Title 32 Sec. 13277
- 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
- Designated broker: means a broker designated by a real estate brokerage agency to act for the real estate brokerage agency in the conduct of real estate brokerage. See Maine Revised Statutes Title 32 Sec. 13271
- 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
- Real estate brokerage: means a single instance of offering, attempting to conduct or conducting services on behalf of another for compensation, or with the expectation of receiving compensation, calculated to result in the transfer of an interest in real estate. See Maine Revised Statutes Title 32 Sec. 13001
Every real estate brokerage agency shall adopt a written company policy that identifies and describes the types of real estate brokerage relationships in which the designated broker and affiliated licensees may engage. [PL 2005, c. 378, §18 (AMD); PL 2005, c. 378, §29 (AFF).]
SECTION HISTORY
PL 1993, c. 679, §1 (NEW). PL 2005, c. 378, §18 (AMD). PL 2005, c. 378, §29 (AFF).