NH Real Estate Exam (State Portion Only) Questions Fully Solved.

Advance Fees - Answer Any fees charged for services including, without any limitation, any fees charged for listing advertising or offering for sale or lease any real property. Advance fees shall not include fees paid solely for advertisement in a newspaper or other publication of general circulation, including electronic publications Agency - Answer the fiduciary relationship between the principal and the agent arising out of a brokerage agreement Appointing Agent - Answer a broker named by the principal broker who appoints individual real estate licensees to represent either the buyer or tenant, or the seller or landlord, in an office of a firm that practices designated agency. Associate Broker - Answer A person licensed as a real estate broker who chooses to work under the supervision of another broker. Branch Office - Answer A secondary place of business apart from the principal or main office from which real estate business is conducted. Requires a managing broker. Broker - Answer Any person, partnership, association who, for a fee, sells, lists, leases, exchanges, negotiates, or otherwise deals in the real estate of others, or represents publicly that he does. Brokerage Agreement - Answer The written contract (such as listing or buyer-agency agreement) between a real estate brokerage and a principal (client). Buyer Agent - Answer An agent who represents the buyer in a real estate transaction. Commission - Answer New Hampshire Real Estate Commission Comercial Real Estate - Answer any real estate other than real estate containing one to four family dwelling units Designated Agent - Answer A licensee authorized by a broker to act as the agent for a specific principal in a particular transaction.