Maine Real Estate License Practice Exam

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In Maine, what must all residential listing contracts for 1-4 units be?

Verbal agreements only
In writing and signed by the person to be charged
Unsigned and temporary
Published in local newspapers

The correct answer is: In writing and signed by the person to be charged

In Maine, all residential listing contracts for properties consisting of 1 to 4 units are required to be in writing and signed by the person to be charged. This requirement ensures that there is a clear, enforceable agreement between the parties involved, making it easier to uphold the terms of the contract if disputes arise. Written contracts provide documentation of the agreement, which is crucial for establishing the rights and obligations of each party. Verbal agreements can lead to misunderstandings and lack the legal protections that written contracts offer. Unsigned contracts would not be enforceable since they lack the necessary signature to indicate consent. Publication in local newspapers is not a requirement for residential listing contracts; this option does not establish any formal agreement between the parties involved. Therefore, the requirement for written and signed contracts helps to prevent confusion and protect the interests of all parties in real estate transactions.