Free Maine Real Estate Practice Exam

Q1.A developer in Maine submits a subdivision application to the municipal planning board. Under 30-A M.R.S. § 4403, the planning board must apply which primary review standard when evaluating the application?

• A.The subdivision must comply with the municipality's comprehensive plan and cause no unreasonable adverse impact on the environment, public health, safety, or the financial capacity of the municipality.
• B.The subdivision must receive a Certificate of Approval from the Maine DEP before the planning board may hold any hearing.
• C.The subdivision must be reviewed solely under the municipality's zoning ordinance, with no reference to state subdivision criteria.
• D.The subdivision is automatically approved if the applicant demonstrates compliance with all federal EPA stormwater regulations.

Q2.What does A.R.S. § 18-552 require after awareness of a security incident involving covered computerized personal information?

• A.Ignore it unless a client complains.
• B.Conduct a prompt investigation to determine whether a breach occurred.
• C.Notify every Arizona resident before investigating.
• D.Delete affected systems immediately.

Q3.Under the Truth-in-Lending Act (TILA), what is the primary purpose of the three-day right of rescission in certain real estate transactions?

• A.To allow buyers to inspect the property one final time
• B.To provide consumers time to cancel certain credit transactions secured by their home
• C.To give sellers time to review the purchase offer
• D.To allow lenders to verify the borrower's income

Q4.A rectangular lot measures 150 feet by 200 feet. If the lot sold for $12 per square foot, what was the total sale price?

• A.$360,000
• B.$42,000
• C.$4,200
• D.$30,000

Q5.A designated broker in Maine is responsible for supervising the licensed sales agents affiliated with their office. Under Maine Real Estate Commission rules, which of the following statements about this supervisory responsibility is most accurate?

• A.The designated broker's supervisory duty ends once a sales agent has been licensed for more than two years.
• B.The designated broker may delegate all supervisory responsibilities to a senior sales agent if that agent has at least five years of experience.
• C.The designated broker is responsible for ensuring that affiliated licensees comply with Maine real estate law and Commission rules and must maintain adequate supervision over their activities.
• D.Each branch office may operate independently under any affiliated broker licensee without a separately designated broker if the main office is within 50 miles.

Q6.Under RESPA, which of the following settlement costs may a lender REQUIRE a borrower to use a specific provider for, without violating the borrower's right to shop?

• A.Title insurance selected by the buyer from a provider of the buyer's choosing.
• B.Homeowner's insurance, which the borrower may select independently from any licensed insurer.
• C.An appraisal ordered directly by the lender through an AMC, listed on the Loan Estimate as a service the borrower cannot shop for.
• D.A settlement attorney chosen by the borrower from the lender's written list of providers.

Q7.The Real Estate Settlement Procedures Act (RESPA) prohibits which of the following practices?

• A.A lender charging discount points to lower the borrower's interest rate
• B.A title company paying a referral fee to a real estate agent for sending business
• C.A buyer choosing their own title insurance company
• D.A lender requiring an escrow account for property taxes and insurance

Q8.Under Maine law, a sales agent who discovers a material defect in a listed property that the seller has not disclosed must do which of the following?

• A.Keep the information confidential because the agent owes fiduciary loyalty to the seller
• B.Disclose the known material defect to prospective buyers regardless of the seller's instructions
• C.Disclose the defect only if the buyer asks a direct question about that specific condition
• D.Refer all questions about the property's condition to the seller and make no independent statement

Q9.Under Maine's Mandatory Shoreland Zoning Act, which area around a great pond classified as a 'Great Pond' typically requires the most restrictive land use controls?

• A.Within 250 feet of the normal high-water line
• B.Within 100 feet of the normal high-water line
• C.Within 500 feet of the normal high-water line
• D.Within 75 feet of the normal high-water line

Q10.An email announces changed wire instructions and supplies a new phone number. What is the best next step?

• A.Call the number in the email.
• B.Reply and ask whether it is genuine.
• C.Verify through a previously known or independently obtained official channel.
• D.Forward it to the buyer without comment.

Q11.Which action best applies the FTC's scale-down principle?

• A.Collect every identifier in case it is useful later.
• B.Keep sensitive data indefinitely.
• C.Keep only information needed for a legitimate business purpose and applicable retention duty.
• D.Email all client files to every team member.

Q12.Under the Fair Housing Act, a person with a disability who rents an apartment has the right to:

• A.Require the landlord to pay for all modifications to the unit
• B.Make reasonable modifications to the unit at their own expense
• C.Terminate the lease at any time without penalty
• D.Demand a ground-floor unit regardless of availability

Q13.A seller in Maine wants to build a new deck that extends toward a great pond on their shorefront property. Under Maine's Shoreland Zoning guidelines, what is the general minimum vegetative buffer requirement that must be maintained between the structure and the normal high-water line of a great pond?

• A.A 25-foot no-cut buffer zone must be maintained immediately adjacent to the water
• B.A 75-foot no-build setback with a required vegetative buffer must be maintained from the normal high-water line
• C.A 100-foot setback from the normal high-water line is required for all new structures adjacent to great ponds
• D.No vegetative buffer is required as long as the local municipality approves the construction permit

Q14.A tenant submits a request to repair a leaking sink. What access principle may apply?

• A.The request can authorize entry for that repair under § 33-1343(B) when the statutory conditions are met
• B.The request authorizes entry for any purpose forever
• C.The manager may enter to search personal belongings
• D.The request eliminates all documentation needs

Q15.Which of the following is a duty that a Maine seller agent owes to the SELLER as a client, but does NOT owe to an unrepresented buyer as a customer?

• A.Disclosing known material defects in the property
• B.Maintaining confidentiality of the seller's motivation for selling
• C.Providing accurate information about the property's location
• D.Referring the buyer to appropriate professional inspectors