Ace the Maine Real Estate License Exam 2025 – Unlock Your Future in Property Power!

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Question: 1 / 400

Exclusive Right to Sell brokerage contracts in Maine must include which requirement?

Have a carry-over clause

Address required inclusion into MLS

Be for at least sixty days

Have a specific termination date

Exclusive Right to Sell brokerage contracts in Maine must include a specific termination date because this requirement clearly defines the duration of the agreement between the seller and the real estate broker. Having an explicit termination date ensures that both parties understand when their obligations will end, promoting clarity and preventing any misunderstandings regarding the duration of the contract. This time frame is crucial for effective planning and strategy in the sale of the property.

While carry-over clauses, MLS inclusion, and minimum duration are important aspects of real estate agreements, they are not mandated by law to be included in every exclusive right to sell contract in Maine. The inclusion of a specific termination date is required to protect both the broker’s and the seller’s interests, ensuring that the relationship doesn’t extend indefinitely without mutual agreement.

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