Maine Real Estate License Practice Exam

Which of the following is not a function of the Maine Real Estate Commission?

1. Determine the type of agency relationships that a company will practice

2. Conduct hearings

3. Establish the fees it will charge

4. Adopt rules governing the practice of real estate

The correct answer is: Determine the type of agency relationships that a company will practice

Determining the type of agency relationships that a company will practice is not a function of the Maine Real Estate Commission. Instead, the Commission focuses on overseeing the licensing and regulation of real estate practices to ensure compliance with the law. The specifics of agency relationships typically fall under the purview of individual real estate firms, which can determine their agency practices based on their own business model and the legal framework established by state law. In contrast, the other options accurately reflect functions of the Maine Real Estate Commission. Conducting hearings allows the Commission to address complaints and enforce regulations. Establishing the fees it will charge is necessary for funding the operations of the Commission. Adopting rules governing the practice of real estate ensures that the industry operates within a defined legal and ethical framework, providing guidance to practitioners and protecting public interests.