Free New Hampshire Real Estate Practice Exam Questions (April 2024) 40+

The salesperson's employing broker may be held liable by the New Hampshire Real Estate Commission for the actions of the salesperson. If an affiliated licensee violates license law, the law states that both the qualifying broker and licensee will be held responsible for the damage caused.

No it is not. Commingling is a breach of trust in which a fiduciary mixes funds held in care for a client with their own funds. Commingling is illegal in New Hampshire. Brokers must maintain an escrow account or accounts, separate and apart from the individuals. Per the New Hampshire Real Estate Practice Act Section Section 331-A:13.

The Governor is in charge of handling the appointment of members. Per the New Hampshire Real Estate Practice Act Section 331-A:5.

In New Hampshire, all of the following are legal except a Net listing.

“Each member of the commission shall be a resident of this state for at least 6 years prior to appointment.” Per the New Hampshire Real Estate Practice Act Section 331-A:5.

The statute of frauds refers to the requirement that certain kinds of contracts be in writing, and signed. Every state has a statute that requires certain types of contracts to be in writing and signed by the party to be charged. The most common requirements are for contracts that involve the sale or transfer of land, and contracts that cannot be completed within one year.

"Principal broker" means the individual broker, including the broker designated by a corporation, partnership, or association, whom the New Hampshire real estate commission holds responsible for the actions of licensees who are assigned to such individual broker. Per 331-A:2 Definitions.

The New Hampshire Fair Housing Law makes it illegal to discriminate in housing because of race, color, national origin, religion, gender, familial status, disablity, age, marital status, and sexual orientation. Which is a total of ten protected classes.

“A Facilitator means an individual licensee who assists one or more parties during all or a portion of a real estate transaction without being an agent or advocate for the interests of any party to such transaction.” Per 331-A:2 Definitions.

The New Hampshire Fair Housing Law makes it illegal to discriminate in housing because of race, color, national origin, religion, gender, familial status, disability, age, marital status, and sexual orientation.

A landlord must return the portion of the tenant's security deposit that is owed to the tenant, along with any accrued interest, within 30 days of the tenant's move-out date.

All of the options would be illegal. The New Hampshire Fair Housing Law makes it illegal to discriminate in housing because of race, color, national origin, religion, gender, familial status, disability, age, marital status, and sexual orientation.

“No member may serve more than 2 consecutive full terms.” Per the New Hampshire Real Estate Practice Act Section 331-A:5.

In New Hampshire, the age of majority is 18, which is required to be considered competent or to have competence.

“Any complaint filed pursuant to this section by an aggrieved person must be filed within 180 days after the alleged act of discrimination. Any complaint filed pursuant to this section by the attorney general or one of the commissioners must be so filed within 180 days after the alleged unlawful discriminatory practice.” Per 354-A:21 Procedure on Complaints - State Commission for Human Rights.

The New Hampshire Fair Housing Law makes it illegal to discriminate in housing because of race, color, national origin, religion, gender, familial status, disablity, age, marital status, and sexual orientation. Credit status is not a protected class.

Per Hampshire Law, a landlord cannot require you to pay a security deposit greater than one month's rent or $100, whichever amount is larger.

Regarding real estate licenses reciprocity, New Hampshire has reciprocity agreements with some states: Massachusetts, Maine, Vermont, and Georgia.

“Any principal broker who changes the place of business shall notify the commission of the change in writing within 10 days of the change.” Per 331-A:17 License Amendments

Per New Hampshire law, real estate licenses are renewed every 24 months or two years from the date the license is issued.

Ultimately the New Hampshire Real Estate Commissions purpose to serve the public through the licensing and regulating of real estate licensees. “To regulate the practice of real estate brokers and salespersons in order to ensure that they meet and maintain minimum standards which promote public understanding and confidence in the business of real estate brokerage.” Per the New Hampshire Real Estate Practice Act Section 331-A:1.

“The form for an individual applying for a license shall include affidavits from 3 character references. No person who is related by blood or marriage to an applicant may serve as a character reference on the application, and this restriction shall appear on the application form.” Per 331-A:12 Application for Licensure

If the security deposit is held for more than 12 months, the landlord must pay at least the amount of interest she or he has actually earned on the money.

“Managing broker" means a broker who manages a branch office. Per 331-A:2 Definitions.

A salesperson can only be paid directly by their broker. Taking money directly from a buyer or seller is against New Hampshire license law.

The mission of the New Hampshire Department of Environmental Services is to help sustain a high quality of life for all citizens by protecting and restoring the environment and public health in New Hampshire. When it comes to water rules and standards homeowners and agents must comply with the Department of Environmental Services.

“Offering real estate for sale or lease without the knowledge and written consent of the owner or owner's authorized agent, or on terms other than those authorized by the owner or owner's authorized agent,” is Prohibited Conduct. Per the New Hampshire Real Estate Practice Act Section 331-A:26.

“If a license is not renewed before the expiration date, then the license is deemed to have expired, and a licensee may renew an expired license up to 6 months after its expiration date by complying with the requirements of RSA 331-A:19 and by submitting the required late fee.” Per 331-A:18 Lapse of License

“Presenting in a timely manner all offers and agreements to and from the seller or landlord, even if the real estate is subject to a contract of sale.” Per 331-A:25-b Seller Agent

Under agency law in New Hampshire disclosed dual agency is legal but only with the consent of all parties to the transaction. Per the New Hampshire Real Estate Practice Act Section 331-A:25-d.

There are a total of five members in the New Hampshire Real Estate Commission. Per the New Hampshire Real Estate Practice Act Section 331-A:5.

The New Hampshire Fair Housing Law makes it illegal to discriminate in housing because of race, color, national origin, religion, gender, familial status, disablity, age, marital status, and sexual orientation. Employment status is not a protected class.

“The commission shall give the licensee, accredited individual, institution or organization, or person charged with practicing unlawful brokerage activity at least 14 days' written notice prior to the date of hearing, of the charges to be heard by it, and shall afford such licensee, accredited individual, institution or organization, or person charged with practicing unlawful brokerage activity an opportunity to be heard in person or by counsel.” Per the New Hampshire Real Estate Practice Act Section 331-A:30.

One year maximum. “In the event of the death or total incapacity of a licensed real estate principal broker of a real estate business, the commission may, upon application by the principal broker's legal representative, issue without examination a temporary license to such legal representative or to an individual designated by the legal representative and approved by the commission, and by the payment of the prescribed fee, which shall authorize such temporary licensee to continue to transact real estate business for a period not to exceed one year from the date of death or incapacitation.” Per 331-A:21 Temporary Licenses

“Each member of the commission shall serve for a term of 5 years and until a successor is duly appointed.” Per the New Hampshire Real Estate Practice Act Section 331-A:5.

The commission shall give the licensee, accredited individual, institution or organization, or person charged with practicing unlawful brokerage activity at least 14 days' written notice prior to the date of hearing, of the charges to be heard by it, and shall afford such licensee, accredited individual, institution or organization, or person charged with practicing unlawful brokerage activity an opportunity to be heard in person or by counsel. The hearings shall be held at a time and place established by the commission.

Brokers and real estate offices must keep a record “for a period of 3 years after the date of the transaction.” Per the New Hampshire Real Estate Practice Act Section 331-A:16-b.

“The action of the commission in revoking, suspending, or denying a license or accreditation, or levying a fine, shall be subject to appeal to the superior court at the instance of the licensee or an accredited individual, institution, or organization, within 30 days after the filing of the commission's decision.” Per 331-A:28 Disciplinary Actions

New Hampshire Real Estate Professionals are required to complete 15 continuing education hours every 2 years including a 3-hour core course.

A person who believes that he or she has been illegally discriminated against may file a complaint with the Human Rights Commission or HUD. The Human Rights Commission. The New Hampshire Commission for Human Rights is a state agency established by RSA 354-A for the purpose of eliminating discrimination in employment, public accommodations and the sale or rental of housing or commercial property.