Maine Revised Statutes Title 32 Sec. 13184 – Real estate brokerage records; retention
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maine Revised Statutes Title 32 Sec. 13184
- agency: means any person or entity engaged in real estate brokerage services through its designated broker, associates or employees and licensed by the commission as a real estate brokerage agency. See Maine Revised Statutes Title 32 Sec. 13171
- Commission: means the Real Estate Commission. See Maine Revised Statutes Title 32 Sec. 13001
- Director: means the director of the Real Estate Commission. See Maine Revised Statutes Title 32 Sec. 13001
- Real estate: means all estates and lesser interests in land and an existing business if real estate is a part of the business. See Maine Revised Statutes Title 32 Sec. 13001
A designated broker shall maintain complete and adequate records of all real estate brokerage activity conducted on behalf of the broker’s agency. The commission shall specify by rule the records required to establish complete and adequate records, including retention schedules. The records must be open for inspection by the director or the director’s authorized representative at the agency’s place of business during generally recognized business hours. [PL 2005, c. 378, §6 (NEW); PL 2005, c. 378, §29 (AFF).]
SECTION HISTORY
PL 2005, c. 378, §6 (NEW). PL 2005, c. 378, §29 (AFF).