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What is one of the principal functions of the Maine Real Estate Commission?

To regulate commission rates statewide

To promote understanding and confidence in real estate

One of the principal functions of the Maine Real Estate Commission is to promote understanding and confidence in real estate transactions. This focus is crucial because it helps ensure that consumers have a clear understanding of the processes involved in buying or selling property, which can be complex and daunting. By fostering a better grasp of real estate laws, practices, and procedures, the Commission works to build trust between consumers and real estate professionals. This trust is vital for the integrity of the real estate market and for protecting the interests of all parties involved.

Promoting understanding also includes educating agents about ethical practices and legal compliance, which ultimately contributes to a more informed and competent real estate workforce. This function supports the overall goal of enhancing the professionalism of the industry and safeguarding public interest.

To limit the number of licenses issued

To represent all agents legally

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