NH Law - Part 1

Question 1

What types of agency are recognized in New Hampshire?

Accepted Answer

seller's, buyer's, disclosed dual, subagency

Question 2

How long must a commissioner be a resident of the state of New Hampshire?

Accepted Answer

6 years

Question 3

How many days does a licensee have to respond to a complaint?

Accepted Answer

Within 30 days of receipt of a written complaint

Question 4

When investigating a complaint how many days notice does the broker receive before a hearing?

Accepted Answer

14 days

Question 5

A real estate licensee must give the Brokerage Relationship Disclosure form to prospective purchasers or tenants:

Accepted Answer

at time of first meeting

Question 6

How much do commissioners get paid per day?

Accepted Answer

$50 a day

Question 7

How are members of the New Hampshire Real Estate Commission selected?

Accepted Answer

By the governor

Question 8

The New Hampshire Real Estate Commission has the authority to:

Accepted Answer

make and enforce the rules by which all real estate licensees must abide

Question 9

The New Hampshire Real Estate Practice Act requires that the broker:

Accepted Answer

Disclose all materials defects even if the buyer doesn't ask

Question 10

When must a broker deliver the originals of a document to all parties?

Accepted Answer

after the execution of the document by all parties

Question 11

In New Hampshire, a broker may have his or her license suspended or revoked for all of the following actions except:

Accepted Answer

depositing earnest money into the firm's interest bearing escrow account

Question 12

How many terms can a New Hampshire Real Estate Commissioner serve?

Accepted Answer

Two consecutive terms of five years

Question 13

How many days does a licensee have to appeal a decision of the real estate commission?

Accepted Answer

30 days in writing

Question 14

What can the real estate commission impose for punishment on licensees?

Accepted Answer

Suspend/revoke license; require education; $2,000 per violation

Question 15

When a principal broker has their license suspended for two years, what effect does this have on the associate broker?

Accepted Answer

affiliated licenses must be return to the commission as inactive

Question 16

A broker who wishes to place a For Sale sign on a property must first:

Accepted Answer

obtain the written consent of the owner of the property

Question 17

The New Hampshire Real Estate Commission consists of how many members total?

Accepted Answer

5

Question 18

The New Hampshire Real Estate Commission has the power to revoke a salesperson's license if the salesperson:

Accepted Answer

Deposits a buyer's down payment into their personal bank account

Question 19

In the state of New Hampshire, the real estate license law is administered by the:

Accepted Answer

New Hampshire Real Estate Commission

Question 20

Which of the following routine services do not create an agency relationship?

Accepted Answer

ministerial acts

Question 21

Can a principal broker ever deposit personal or business money into their escrow account?

Accepted Answer

yes, to cover service charges from the financial institution

Question 22

Buyer brokerage contracts in New Hampshire:

Accepted Answer

must be in writing

Question 23

The New Hampshire Real Estate Commission consists of:

Accepted Answer

2 brokers, 1 salesperson, 1 lawyer and 1 member of the public

Question 24

Every New Hampshire real estate office is required to:

Accepted Answer

keep transaction records for three years

Question 25

What will all advertisements include in NH?

Accepted Answer

name of the licensee and the brokerage

NH Law - Part 1

Questions 25

NH Law - Part 1

Questions 25