NH state real estate questions with complete verified solutions

A seller is required to disclose information regarding the type of insulation and the condition of the water supply and sewage disposal system to the buyer in all the following transactions EXCEPT a. when the seller is not assisted by a licensed real estate agent b. when the seller has not resided in the property in the last year c. for sale of commercial property d. when the buyer has lived on the property as a tenant c. for sale of commercial property Seller property disclosure must be delivered to the buyer a. prior to the buyer's making a written offer b. at the time the seller agrees to the offer c. at the time of the home inspection d. prior to the closing a. prior to the buyer's making a written offer 0:02 / 0:15 A seller has no knowledge of any plumbing system problems on the property she is selling. In actuality, however, the pipes are seriously corroded and will need to be replaced soon. In the Sellers Property Disclosure, when responding to whether the seller has any knowledge of the problems, she should respond a. Yes b. no c. unknown d. the seller would not be required to respond to this question b. no In New Hampshire when a broker is listing a home and asks the seller to complete a disclosure regarding the water supply, insulation, and sewage disposal system which of the following statements is true a. the disclosures are optional, and the seller may avoid liability by refusing to make any disclosures b. the broker is under obligation to research these items if the seller refuses to disclose an information c. any agent should not give the seller any advice regarding which property conditions to disclose and which to ignore d. the seller is required by statute to disclose what he or she knows and the broker must give that information to the buyer in writing d. the seller is required by statute to disclose what he or she knows and the broker must give that information to the buyer in writing Five years ago, Unit 5B in a condominium was the site of a brutal and highly publicized murder. The unit was sold to an elderly woman who contracted the AIDS virus in a blood transfusion and died in the unit last year. As the agent for the woman's estate, what are your disclosure responsibilities to prospective purchasers of Unit 5B? a. You must disclose both the murder and the AIDS related death b. you are specifically prohibited by law from disclosing either event c. you must disclose only information about the murder as a response to an inquiry from the buyer, but do not have to discuss the AIDS related death d. you do not need to disclose the murder, but you must disclose the AIDS related death. c. you must disclose only information about the murder as a response to an inquiry from the buyer, but do not have to discuss the AIDS related death Six months after a buyer bought a house, the roof leaked during a rainstorm. When the house was listed, the seller told the broker that the rood leaked, but they agreed not to tell any prospective buyers. The broker claims that the buyer did not ask about the roof. Under these facts the buyer a. can sue the broker for nondisclosure required by license law b. cannot sure the broker under the license law c. can sue the seller under license law d. cannot do anything because the leaking roof could have been discovered by an inspection a. can sue the broker for nondisclosure required by license law A real estate licensee must give the agency disclosure statement to prospective purchasers or tenants, a. before showing any properties b. at an open house c. at the closing d. before any offers to purchase or lease are prepared of presented a. before showing any properties Regarding the disclosure requirement for private water supply, insulation, and sewage disposal systems a. an auctioneer selling a residential property in a foreclosure sale is required under the license law to disclose information about the water, insulation, and septic systems. b. the owner of a 30 unit apartment building is not exempt from the required disclosures c. the seller is not required to make any disclosure because the buyer is required to have a home inspection in the conveyance of a primary residential dwelling d. a licensee is required to ask the seller specific information regarding the private water supply, insulation, and sewage disposal system in the listing of a two unit residential property d. a licensee is required to ask the seller specific information regarding the private water supply, insulation, and sewage disposal system in the listing of a two unit residential property