NH State Material Real Estate Exam Flashcards

NH State Material Real Estate Exam Flashcards A housing discrimination charge must be filed with the NH

Human Rights Commission within:A. 6 months of the date

of discoveryB. 180 days after the alleged discriminatory actC. 2 yearsD. 30 days

• 180 days after the alleged

Which of the following provisions is not included in the NH Real Estate Commission's rules regarding listing agreements?A. A listing agreement must state the exact fee the broker will earnB. A listing agreement must be accompanied by a qualified expert's report of the property's conditionC. A listing agreement must be in writing and signed by both the broker and sellerD. The seller must receive an original copy of the listing agreement after signing it.

• A listing agreement must be accompanied by a qualified

expert's report of the property's condition The commissioner of which department is responsible for adoption primary drinking water standards and drinking water rules in the state of NH?A. Dept. of Public WellsB.Dept. of Well ProtectionC. Dept. of Environmental ServicesD. Dept. of Aquifers & Community Water Supply

• Dept. of Environmental Services

A NH real estate salesperson may lawfully collect compensation fromA. either buyer or sellerB. her or his sponsoring broker onlyC. any party to the transaction or the party's representativeD. any licensed real estate broker

• her or his sponsoring broker only

The NH Real Estate Commission has the power to revoke

a salesperson's license if the salesperson:A. attempts to

represent a real estate broker other than his/her employerB. attempts to represent the buyerC. enters into an exclusive listing contractD. deposits a buyer's down payment in his/her own bank account

• deposits a buyer's down payment in his/her own bank

account

Under NH Law, all listings must:A. be in writingB. be fore at

least 6 monthsC. include a property inspectionD. include a clause providing for the disposition of escrow funds in the event of a buyer's default on a purchase and sales agreement

• be in writing

Under NH law, any person who deals with options on real

estate:A.must be licensed as a real estate brokerB. is

required to have his/her securities license endorsed by the NH Real Estate CommissionC. is exempt from having a real estate licenseD. must file for a special options license A.must be licensed as a real estate broker An unlicensed individual who engages in the activities that

require a real estate license:A. must pay a fine up to $1000

per offenseB. could be liable to pay up to $2000 and serve

one year in prisonC. is guilty of a misdemeanorD. shall be required to pay civil penalty up to $5000 and serve a mandatory prison term up to 5 years

• is guilty of a misdemeanor
• weeks before N begins his real estate pre-licensing class,

he offers to help his neighbor sell her house. The neighbor

agrees to pay N a 5% commission. An offer is accepted while N is taking the class, and closes the day before N passes his exam and receives his license. The neighbor refuses to pay N the agreed commission. Can N sue to recover payment?A. Yes, because N was formally enrolled in a course of study intended to result in a real estate license at the time was procured and accepted, the commission agreement is bindingB. No, in NH a real estate agent salesperson must have a permanent office in which his/her license is displayed in order to collect a commissionC. Yes, while the statue of frauds forbids recovery on an oral agreement for the conveyance of real property, NH la permits enforcement of an oral commission contract under these facts.D. No, state laws prohibit lawsuit to collect commission unless the injured party is a licensed broker and the license was in effect before the agreement was reached

• No, state laws prohibit lawsuit to collect commission

unless the injured party is a licensed broker and the license

was in effect before the agreement was reached Members of the NH Real Estate Commission areA.appointed by the governorB. appointed by the Commissioner of Real EstateC. elected by licenseeD.elected in statewide elections 6 years

• appointed by the governor

Which of the following actions is legal and not a violation of license law?A. Encouraging seller to reject an offer because the prospective buyer is methodistB. Placing a "For Sale" sign in front of a house after the seller's permission and receiving written permission to go aheadC.Advertising that individuals who attend a promotional presentation will receive a prize without mentioning that they will also have to take a day trip to a new subdivisionD.Distributing pamphlets created by a builder knowing that the information in the pamphlets misrepresents the quality and type of construction materials

• Encouraging seller to reject an offer because the

prospective buyer is methodist In NH, all of the following are requirements for obtaining a broker's license EXCEPTA. having successfully completed 60 hours of approved real estate coursesB. attaining the age of majorityC. having been actively engaged as a licensed salesperson for 3 yearsD. being a good moral character

• having been actively engaged as a licensed salesperson

for 3 years Which of the following statements is true concerning non-resident licensing in NH?A. The applicant must be licensed as a broker or salespersonB. The licensee must be licensed under a resident NH brokerC. A non-resident broker must take all of the education course requirements in NHD. A non-resident licensed in NH must file an irrevocable consent and power agreement with commission

• A non-resident licensed in NH must file an irrevocable

consent and power agreement with commission