Statutes, codes, and regulations
Maine Administrative Code
Department 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATIONDivision 039 - REAL ESTATE COMMISSION
Chapter 410 - MINIMUM STANDARDS OF PRACTICE
Section 039-410-14 - Licensee's Duty to Obtain and Provide Disclosure Information on Private Water Supply, Heating, Waste Disposal System and Known Hazardous Materials

02-039-410 Me. Code R. § 14

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Current through 2024-51, December 18, 2024
Section 039-410-14 - Licensee's Duty to Obtain and Provide Disclosure Information on Private Water Supply, Heating, Waste Disposal System and Known Hazardous Materials
1.Listing Licensee

A listing licensee shall be responsible for obtaining information necessary to make disclosures, as set forth in Sections 15 to 18 of this chapter, to buyers and shall make a reasonable effort to assure that the information is conveyed to a selling licensee.

2.Selling Licensee

A selling licensee shall be responsible for obtaining from the listing licensee the information necessary for making disclosures, as set forth in Sections 15 to 18 of this chapter, and for assuring that the disclosures are made to buyers.

3.Unlisted Property

A licensee shall be responsible for obtaining from the seller in a real estate brokerage transaction where the property is not listed with a real estate brokerage agency, the information necessary for making disclosures, as set forth in Sections 15 to 18 of this chapter, and for assuring that the disclosures are made to the buyer.

02-039 C.M.R. ch. 410, § 14