LD 1525
pg. 4
Page 3 of 14 An Act To Amend the Real Estate Brokerage Laws Page 5 of 14
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LR 2133
Item 1

 
8. Material fact. "Material fact" means a fact that relates
to the transaction and is so substantial and important as to
influence the parties client to whom it is imparted.

 
9. Ministerial acts. "Ministerial acts" means those acts
that a real estate brokerage agency or its affiliated licensees
perform performs for a person who is not a client and that do not
require discretion or the exercise of the brokerage agency's or
its affiliated licensees' judgment are informative or clerical in
nature and do not rise to the level of active representation on
behalf of the person.

 
10. Real estate brokerage agency. "Real estate brokerage
agency" means a person or entity providing real estate brokerage
services through that person's designated broker, affiliated
licensees, associates or employees and licensed by the commission
as a real estate brokerage agency.

 
11. Seller agent. "Seller agent" means a real estate
brokerage agency that is engaged by and represents has entered
into a written brokerage agreement with the seller in a real
estate transaction to represent the seller as the real estate
brokerage agency's client.

 
12. Subagent. "Subagent" means a real estate brokerage
agency engaged by another real estate brokerage agency to perform
brokerage tasks for a client.

 
13. Third party. "Third party" means a person who is not a
client and has no agency relationship to the real estate
brokerage agency.

 
13-A.__Transaction broker.__"Transaction broker" means a real
estate brokerage agency that provides real estate brokerage
services to one or more parties in a real estate transaction
without a fiduciary relationship as a buyer agent, a seller
agent, a subagent or a disclosed dual agent.

 
14. Undisclosed dual agent. "Undisclosed dual agent" means a
real estate brokerage agency representing 2 or more clients whose
interests are adverse in the same transaction without the
knowledge and informed consent of the clients.

 
Sec. 8. 32 MRSA §§13272 to 13274, as enacted by PL 1993, c. 679, §1,
are amended to read:

 
§13272. Scope of agency

 
A real estate brokerage agency that provides services through
a brokerage agreement for a client is bound by the duties


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