NH Real Estate (Laws) Midterm Exam
Questions And All Correct Answers
Graded A+
A landlord must return a security deposit to a tenant and pay the interest due within how many
days? - Answer 30 days
Performing ministerial acts does not create an agency relationship providing the consumer is
given a written what? - Answer Agency Disclosure
Copies of written instruments must be provided to any party executing documents in what
amount of time? - Answer without delay
When listing a 1 to 4 family for sale, a licensee must ask the seller for the following information
EXCEPT:
a. private water supply
b. private sewage disposal system
c. age of heating system
d. insulation - Answer age of heating system
Current use and land use change tax are administered where? - Answer The local municipality
town/city
The definition of real estate brokerage activity includes:
a. ministerial acts
b. manufactured housing sold at a dealer's lot
c. the resale of timeshare units
d. the rental of timeshare units - Answer the resale of timeshare units
What must be maintained in a bank branch located within the State of NH. - Answer Broker
Escrow Accounts
, If a property sells for $100,000 the transfer tax would be? - Answer $750 paid by the buyer
and $750 paid by the seller, for a total tax of $1,500.
($7.50 per thousand paid by both parties)
Methamphetamine production at a property must be disclosed even if the property currently
meets remediation cleanup standards.
True or False? - Answer True
Housing for a persons 55 and older must what? - Answer Have at least one person 55 years of
age or older per unit
Homestead rights in New Hampshire are - Answer $120,000 per person; $240,000 for a couple
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? - Answer True
A Cooperating Brokerage Agreement with an out-of-state broker
a. Allows an out-of state broker to independently show property locate in NH
b. Allows an out-of-state broker to independently advertise property located in NH
c. Creates a dual agency relationship
d. establishes a sub-agency relationship - Answer establishes a sub-agency relationship
Lead paint abatement orders carry over to new owners when the property is transferred.
True or False? - Answer True
In addition to a 3-hour CORE course, all active licenses must take what? - Answer An additional
12 hours of accredited elective courses
Questions And All Correct Answers
Graded A+
A landlord must return a security deposit to a tenant and pay the interest due within how many
days? - Answer 30 days
Performing ministerial acts does not create an agency relationship providing the consumer is
given a written what? - Answer Agency Disclosure
Copies of written instruments must be provided to any party executing documents in what
amount of time? - Answer without delay
When listing a 1 to 4 family for sale, a licensee must ask the seller for the following information
EXCEPT:
a. private water supply
b. private sewage disposal system
c. age of heating system
d. insulation - Answer age of heating system
Current use and land use change tax are administered where? - Answer The local municipality
town/city
The definition of real estate brokerage activity includes:
a. ministerial acts
b. manufactured housing sold at a dealer's lot
c. the resale of timeshare units
d. the rental of timeshare units - Answer the resale of timeshare units
What must be maintained in a bank branch located within the State of NH. - Answer Broker
Escrow Accounts
, If a property sells for $100,000 the transfer tax would be? - Answer $750 paid by the buyer
and $750 paid by the seller, for a total tax of $1,500.
($7.50 per thousand paid by both parties)
Methamphetamine production at a property must be disclosed even if the property currently
meets remediation cleanup standards.
True or False? - Answer True
Housing for a persons 55 and older must what? - Answer Have at least one person 55 years of
age or older per unit
Homestead rights in New Hampshire are - Answer $120,000 per person; $240,000 for a couple
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? - Answer True
A Cooperating Brokerage Agreement with an out-of-state broker
a. Allows an out-of state broker to independently show property locate in NH
b. Allows an out-of-state broker to independently advertise property located in NH
c. Creates a dual agency relationship
d. establishes a sub-agency relationship - Answer establishes a sub-agency relationship
Lead paint abatement orders carry over to new owners when the property is transferred.
True or False? - Answer True
In addition to a 3-hour CORE course, all active licenses must take what? - Answer An additional
12 hours of accredited elective courses
