Maine Real Estate Law Exam Prep!

In Maine, a title search goes back ____ years and rests on a _________ deed. {Ans: 40, warranty}In Maine, a title search goes back at least how many years to rest on a warranty deed? {Ans: At least 40 years. If there is no warranty deed in that 40 year period, the title search goes back further until it finds one.}Willard wants to create a subdivision in what used to be his corn field. From which governmental body must he get approval for a subdivision? {Ans: Municipal planning board}In Maine, a seller agent's obligations to his or her client would include: {Ans: Presenting additional offers after the property is securely under contract with a confirmed closing date.}Notice State {Ans: "He who makes constructive notice of ownership is the rightful owner"}The minimum lot size required for residential development with a private septic system is: {Ans: 20,000 square feet}