If you are considering buying or selling residential real estate in Maine it is important for you to understand that state law provides for different levels of brokerage services. You should decide whether you want to be represented in a transaction (as a client) or not (as a customer). The following information should assist you in making that determination.
Maine law requires that all real estate brokerage companies and their affiliated agents and brokers to perform certain basic duties when dealing with a buyer or seller. There customer-level services include: 1) To disclose all material defects pertaining to the physical condition of the property; 2) To treat both the buyer and seller honestly and 3) To comply with all state and federal laws pertaining to real estate brokerage activity.
If you want to enter into a client-agent relationship, several different options are available: