Maine Real Estate License Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Maine Real Estate License Exam with comprehensive quizzes featuring multiple choice questions, flashcards, hints, and detailed explanations. Be exam-ready!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the consequence for a licensee who is dishonest with their principal?

Only may lose their license
Will not face legal repercussions
Will always face a fine
May face multiple sanctions

The correct answer is: May face multiple sanctions

A licensee who is dishonest with their principal may face multiple sanctions because dishonesty undermines the fundamental trust and fiduciary duty that a licensee has toward their client. This breach of trust can lead to serious professional consequences, as it goes against ethical standards and can harm the client’s interests. The consequences could include disciplinary action taken by the licensing authority, such as the suspension or revocation of the license, as well as potential legal repercussions, including civil lawsuits for damages. Unlike a simple loss of license, which might imply a one-time consequence, the risk of facing multiple sanctions acknowledges that a licensee's actions can have various repercussions. These may encompass fines, mandated education or training sessions, and reputational damage, all of which can affect the licensee’s future in real estate. Thus, the comprehensive nature of the possible consequences emphasizes the importance of maintaining honesty and integrity in real estate practices.