Mandated Forms

These forms are required by law to be given to all clients of real estate brokers in the state of Maine. They are tools to help us keep our clients & customers responsibly informed. Here you can learn about each one.

The Real estate Brokerage Relationship form

The purpose of this form is to help you decide whether or not you would like to become a client or customer by briefly overviewing the difference between the two. To a real estate agent, clients are people who are under contract and customers are people who are not. The main take aways from this form are:

Customers are to be treated honestly & fairly, but agents are not contractually obligated to do what is in their best interests or keep their information confidential.
Clients are treated with honesty & fairness, but will additionally be contractually entitled to confidentiality and fiduciary duty from the agent.
There are three different types of agency : Single Agency (this is where everyone in the real estate brokerage agency would represent you), Appointed Agency (this is where only one of the agents from the brokerage represents you), and Disclosed Duel Agency (this is where both the buyer & seller are represented simultaneously by the same agent).

Helpful vocab links: Fiduciary Duty, Contractual Obligation, and Agency

Relationship Form

Though I can only provide the Residential Property Transaction Booklet to my clients, you can also download a table of contents outlining questions the Residential Property Transaction Booklet contains answers to.

Booklet Table of Contents

The residential Property transaction booklet

This booklet is an informational guide detailing some of the responsibilities of buyers, sellers, and the real estate agents throughout a transaction in the state of Maine. Just like a real estate agent’s dedication to their client, the proactive cooperation of both buyer and seller with their real estate agent is really important. In conclusion:

As real estate agents, we must tend closely and carefully to our individual clients’ best interests. Our responsibility is to foresee problems that might arise during the transaction and suggest or educate our clients on solutions or preemptive steps to avoid them all together.
Sellers must be as transparent as possible about their disclosures to maintain a strong bargaining position throughout negotiation and make sure that they don’t get wrapped up in the headache that is a legal dispute.
Buyers must be forthcoming about their wants/needs and hold themselves accountable for proceeding through a transaction at their own discretion.

The Offers & counter-offers Guidelines

These guidelines discusses how offers and counter-offers are handled in Maine. They will give you a pretty good idea of what you can expect during the negotiation process from both the buyers’ and sellers’ point of view, whether you are represented or not. This guide should answer questions such as:

What responsibilities do real estate agents have regarding real estate offers & Counter-Offers?
What confidentiality secures real estate offers & counter-offers?
How are real estate offers and counter-offers presented?
What are sellers’ & buyers’ options once presented with an offer or multiple offers?
Link to the guideline
Hazardous Material disclosures

Here is some important information you might need to know about Arsenic & Lead.