Real Estate - Definitions

w & Disclaimer Revisor's Office Maine Legislature §12615 Title 32: PROFESSIONS AND OCCUPATIONS Chapter 114: REAL ESTATE BROKERAGE LICENSE ACT Subchapter 1: GENERAL PROVISIONS §13002 §13001. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.   [PL 1987, c. 395, Pt. A, §212 (NEW).] 1.  Real estate.  "Real estate" means all estates and lesser interests in land and an existing business if real estate is a part of the business.   [PL 1987, c. 395, Pt. A, §212 (NEW).] 1-A.  Commission.  "Commission" means the Real Estate Commission.   [PL 2007, c. 402, Pt. BB, §1 (NEW).] 1-B.  Director.  "Director" means the director of the Real Estate Commission.   [PL 2007, c. 402, Pt. BB, §2 (NEW).] 2.  Real estate brokerage.  "Real estate brokerage" means a single instance of offering, attempting to conduct or conducting services on behalf of another for compensation, or with the expectation of receiving compensation, calculated to result in the transfer of an interest in real estate. Real estate brokerage includes, but is not limited to, the following activities conducted in behalf of another:   A. Listing real estate for sale or exchange;   [PL 1987, c. 395, Pt. A, §212 (NEW).] B. Promoting the purchase, sale or exchange of real estate;   [PL 1987, c. 395, Pt. A, §212 (NEW).] C. Procuring of prospects calculated to result in the purchase, sale or exchange of real estate;   [PL 1987, c. 395, Pt. A, §212 (NEW).] D. Advertising or holding oneself out as offering any services described in this subsection;   [PL 1987, c. 395, Pt. A, §212 (NEW).] E. Negotiating the purchase, sale or exchange of real estate;   [PL 1987, c. 395, Pt. A, §212 (NEW).] F. Buying options on real estate or selling real estate options or the real estate under option;   [PL 1987, c. 395, Pt. A, §212 (NEW).] G. Acting as a finder to facilitate the purchase, sale or exchange of real estate; and   [PL 1987, c. 395, Pt. A, §212 (NEW).] H. Buying, selling or exchanging real estate.   [PL 1987, c. 395, Pt. A, §212 (NEW).] [PL 1987, c. 395, Pt. A, §212 (NEW).] SECTION HISTORY PL 1987, c. 395, §A212 (NEW). PL 2007, c. 402, Pt. BB, §§1, 2 (AMD). The Revisor's Office cannot provide legal advice or interpretation of Maine law to the public. If you need legal advice, please consult a qualified attorney. Office of the Revisor of Statutes · 7 State House Station · State House Room 108 · Augusta, Maine 04333-0007 Data for this page extracted on 10/20/2025 14:32:56. Maine Government Legislature • Executive • Judicial • Agency Rules Visit the State House Tour Guide • Accessibility • Security Screening • Directions & Parking Email Office of the Revisor of Statutes