Maine Real Estate License Practice Exam

Which statement is true regarding real estate closings in Maine?

1. Must be held at a lawyer's office

2. Must be conducted by a lawyer

3. Cannot be on a holiday

4. Must have the deed attested to by a lawyer or notary if recorded

The correct answer is: Must have the deed attested to by a lawyer or notary if recorded

In Maine, when a real estate transaction is concluded, the deed that transfers ownership must be properly executed to ensure it is legally valid for recording. This includes the requirement for the deed to be attested by either a lawyer or a notary public. The involvement of a lawyer or notary is critical because their attestation provides a level of verification that the deed was executed by the appropriate parties and that the signatures are indeed those of the grantors. This requirement helps establish the authenticity of the document and protects the interests of all parties involved, as well as ensuring compliance with state laws regarding the recording of real estate documents. Other options, while they may pertain to general practices in real estate transactions, do not reflect the specific legal requirements for a deed's validity in Maine. While the presence of a lawyer is commonly associated with real estate closings to oversee the process and provide legal advice, it is not mandated solely for the purpose of closing. Similarly, prohibiting closings on holidays can vary by local custom rather than being a legal stipulation, and while closings might occur in various settings, the essential legal requirement focuses on the attestation of the deed itself.