| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 32 MRSA §13279, as enacted by PL 1993, c. 679, §1, is | | amended to read: |
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| | | §13279. Real estate brokerage agency 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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| | | This bill clarifies that the brokerage agency relationship | | disclosure form required by the Real Estate Commission applies to | | buyers and sellers of residential real property. |
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