Maine Real Estate License Practice Exam

Which individual is required to have a real estate license in Maine?

1. An assistant who does data entry

2. An auctioneer who cries the sale

3. A neighbor paid for a referral

4. A person who assists in closing

The correct answer is: A neighbor paid for a referral

The correct answer is that a neighbor paid for a referral is required to have a real estate license in Maine. In Maine, anyone who is compensated for activities that require real estate expertise, such as providing referrals that result in a client securing services, must be licensed. This requirement stems from the need to ensure that individuals involved in real estate transactions have the necessary knowledge and adhere to regulatory standards for consumer protection. While the auctioneer may be involved in selling property, they do not necessarily require a real estate license unless they are performing specific duties related to real estate brokerage. Similarly, an assistant who is solely doing data entry or administrative tasks, or a person who simply assists in closing without engaging in real estate-related decision-making or negotiations, do not need a license. The key factor here is the level of involvement in transaction facilitation and the receipt of payment for such activities, which is where the licensing requirement comes into play for the neighbor receiving a referral fee.