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A licensee must provide a copy of a newly signed listing agreement to their Designated Broker within how many business days?

  1. 3 business days

  2. 5 business days

  3. 5 calendar days after execution of the document

  4. 10 calendar days

The correct answer is: 5 calendar days after execution of the document

In Maine, the regulations require that a licensee provide a copy of a newly signed listing agreement to their Designated Broker within 5 calendar days after execution of the document. This time frame is crucial for ensuring that all parties involved in a real estate transaction have access to the pertinent documentation in a timely manner. The emphasis on calendar days instead of business days is significant because it guarantees that all days, including weekends and holidays, are counted. This approach helps maintain a clear and accountable transaction process, ensuring that brokers are informed of their agents’ activities without unnecessary delays. The other options, while they might suggest other time frames, do not align with the legal requirements outlined in the state's real estate laws. By adhering to this 5 calendar day rule, licensees can uphold their professional responsibilities and ensure compliance with state regulations.