| | Every real estate brokerage agency shall adopt a written | company policy that identifies and describes the types of real | estate brokerage agency relationships in which the designated | broker and affiliated licensees may engage. |
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| | Sec. 19. 32 MRSA §13278, sub-§§2 and 4, as enacted by PL 1993, c. 679, | §1, are amended to read: |
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| | 2. Not a dual agent. A real estate brokerage agency and the | designated broker are not considered to be dual agents solely | because of an appointment under the provisions of this section, | except that any affiliated licensee who personally represents | both the seller and the buyer, as clients, in a particular | transaction is considered to be a disclosed dual agent and is | required to comply with the provisions of this subchapter | governing disclosed dual agents. |
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| | 4. Appointments; roles. Methods of appointment and the role | of the real estate brokerage agency and the designated broker | must be defined by rules adopted by the commission. The rules | must include a requirement that clients be informed as to the | real estate brokerage agency's appointed agent policy and give | written consent to that policy in advance of entering into a real | estate brokerage agreement. |
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| | Sec. 20. 32 MRSA §13279, as amended by PL 1999, c. 100, §1, is | further amended to read: |
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| §13279. Real estate brokerage relationship disclosure required |
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| | A real estate brokerage agency shall provide in a timely | manner to buyers and sellers of residential real property a | meaningful, written real estate brokerage agency relationship | disclosure form as defined and mandated by rules adopted by the | commission. For purposes of this section, "residential real | property" means real estate consisting of not less than one nor | more than 4 residential dwelling units. |
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| | Sec. 21. 32 MRSA §13281, sub-§1, as enacted by PL 1993, c. 679, §1, is | amended to read: |
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| | 1. Effective date. The relationships set forth in this | subchapter commence on the effective date of the real estate | brokerage agency's brokerage agreement and continue until | performance, completion, termination or expiration of that | brokerage agreement. |
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| | Sec. 22. 32 MRSA §13281, sub-§2, ¶B, as enacted by PL 1993, c. 679, §1, | is amended to read: |
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