12 hours of elective courses for renewalb. take a 3 hour

NH Real Estate (Laws) Flashcards A landlord must return a security deposit to a tenant and pay the interest due within how many days?30 days

Inactive licensees are required to do the following:a. take

12 hours of elective courses for renewalb. take a 3 hour CORE course to renewc. carry a bondd. pay realtor dues take a 3 hour CORE course to renew You can renew an expired license up to 6 months after its expiration date with an additional late fee; but after six months the license will lapse and cannot be renewed. You cannot practice real estate with an expired or lapsed license. Unless "good cause" can be demonstrated, the person would have to re-take pre-licensing education and the examination.True or False?True 9% room tax payable to the NH Department of Revenue applies to short term rentals of _____ days 185 days or less Failing to prominently display to the public the Housing Discrimination Poster at a real estate office is a violation of Fair Housing regulations.True or False?True Tax liens for unpaid real estate taxes are recorded where?At the county registry of deeds An example of ministerial acts could bea. advising a buyer how much to offerb. attending an open housec. negotiating after a home inspectiond. making cold calls to solicit listings attending an open house What requires sexual offenders against children to register with the state police?Megan's Law A mechanics lien must be brought within ____ days after the last date that labor was performed or materials furnished 120 days Entry Only Listings (limited service listings) area. not facilitator listingsb. exempt from needing property disclosuresc. considered listings and must comply with listing requirementsd. paid through an "advanced fee" therefore do NOT require a real estate license considered listings and must comply with listing requirements Housing for persons 62 years and older must: be solely occupied by persons 62 years of age or older An example of anti-trust group boycott could bea.REALTORS refusing to do business with non-REALTORSb. refusing to provide an interest bearing escrow accountc. advertising your commission ratesd.showing racial groups properties only in certain neighborhoods REALTORS refusing to do business with non-REALTORS "Protected shoreland" includes land located within _____ feet of the reference line of public waters.250 feet

Security depositsa. can exceed one month rent if tenants have petsb. must accrue interest on short term rentalsc.cannot exceed deposit plus first and last month rentd.cannot exceed one month's rent or $100, whichever is greater cannot exceed one month's rent or $100, whichever is greater A listing agent representing the seller is a facilitator to an unrepresented buyerTrue or False?False The public waters of New Hampshirea. can be owned by practice individualsb. are held in trust by the statec. are owned by the countyd. are subject to a 99 year lease are held in trust by the state Copies of written instruments must be provided to any party executing documents in what amount of time?without delay

The definition of real estate brokerage activity includes:a.

ministerial actsb. manufactured housing sold at a dealer's lotc. the resale of timeshare unitsd. the rental of timeshare units the resale of timeshare units Homestead rights in New Hampshire are$120,000 per person; $240,000 for a couple A listing agent representing the seller in a transaction with an unrepresented buyer is a...?seller's agent "No Pet Policies" cannot apply to disability assistance animals.True or False?True The Exempted Classes (persons not needing a real estate

license) include the following EXCEPT:a. mobile park

ownersb. property management rental agentsc. buyers and/or sellersd. landlords and/or tenants property management rental agents A licensee must disclose known material defectsa. prior to an appraisalb. prior to a written offerc. only when in a fiduciary client agency relationshipd. only if the buyer requests the information prior to a written offer "Reasonable Supervision" by principal and managing

brokers includes the following EXCEPT:a. trainingb.

prohibiting agents from administering their own websitesc.broker availabilityd. review of transaction documents prohibiting agents from administering their own websites The Brokerage Relationship Disclosure Form should be provided to consumers when?At the first business meeting Housing for a persons 55 and older must what? Have at least one person 55 years of age or older per unit What must be provided at first business meeting with a consumer?A Brokerage Relationship Disclosure Form When listing a 1 to 4 family for sale, a licensee must ask

the seller for the following information EXCEPT:a. private

water supplyb. private sewage disposal systemc. age of heating systemd. insulation age of heating system A broker can release escrow fundsa. when the buyer has defaulted on the contractb. upon contemporaneous agreement in writing by the parties to the contractc. when

the attorney for one of the parties to the contract demands that the broker release the depositd. when the seller has defaulted on the contract upon contemporaneous agreement in writing by the parties to the contract

If the Designated gent leaves the real estate agency, substitution of another Designated Agent cannot be made without the informed written consent of the party being represented.True or False?True Flood insurancea. is based on a property's true flood risk which is determined by the home inspectorb. is included with homeowner's insurance policiesc. rates cannot be increasedd. may be required by a buyer's lender may be required by a buyer's lender "Public Waters" include lakes, ponds, and artificial impoundments greater than _____ acres.10 acres A broker can be open to civil liability for doing what?Initiating a 90 day/60 day escrow deposit release process What must be maintained in a bank branch located within the State of NH.Broker Escrow Accounts NH property taxes are paid tothe local municipality town/city A site assessment must be conducted whenever any part of a property is within ____ feet of the reference line of a freshwater body.200 feet Appointment centersa. do not require a fair housing posterb. do not require a branch office licensec. require a branch office licensed. do not require a managing broker require a branch office license Planning and zoning are the responsibility of who?Local town/city municipal government The sale of waterfront property requires a septic site assessment study prior to...?the closing In addition to a 3-hour CORE course, all active licenses must take what?An additional 12 hours of accredited elective courses Al licensees must notify the NH Real Estate Commission of

the following within 10 days EXCEPT:a. change of legal

nameb. change of mailing addressc. no longer a member of the REALTORS Associationd. change of resident address no longer a member of the REALTOR Association All advertising by real estate agents must include the

following EXCEPT:a. the phone number of the real estate

firm or principal broker if the advertisement contains the agent's direct number; and each number shall be clearly identifiedb. the address of the real estate firm or principal brokerc. the name of the real estate firm or principal brokerd. a link to the required information with respect to limited electronic media the address of the real estate firm or principal broker What prohibits real estate agents from negotiating short sales with lenders?The S.A.F.E. Act Lead paint abatement orders carry over to new owners when the property is transferred.True or False?True Principal brokers must notify the NH Real Estate Commission in writing within 5 days if...a salesperson or associate broker is no longer associated with the principal broker