Maine Revised Statutes Title 32 Sec. 13279 – Real estate brokerage relationship disclosure required
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Terms Used In Maine Revised Statutes Title 32 Sec. 13279
- 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
- Commission: means the Real Estate Commission. See Maine Revised Statutes Title 32 Sec. 13001
- 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
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
A real estate brokerage agency shall provide in a timely manner to buyers and sellers of residential real property a meaningful, written real estate brokerage relationship disclosure form as defined and mandated by rules adopted by the commission. For purposes of this section, “residential real property” means real estate consisting of not less than one nor more than 4 residential dwelling units. [PL 2005, c. 378, §20 (AMD); PL 2005, c. 378, §29 (AFF).]
SECTION HISTORY
PL 1993, c. 679, §1 (NEW). PL 1999, c. 100, §1 (AMD). PL 2005, c. 378, §20 (AMD). PL 2005, c. 378, §29 (AFF).