NH Test Part 7 - Regulation of Agency
Conduct - Practice Test B Questions And
Correct Answers.
1. A licensed salesperson obtains a listing. Several days later, the salesperson meets prospective
buyer at the property and tells them, "I am the listing agent for this property, so I am very
familiar with it." Under these circumstances, the salesperson:
A. has failed to properly disclose his or her agency relationship
B. has properly disclosed his or her agency relationships with the sellers
C. is not in violation of the administrative rules of the New Hampshire Real Estate Commission
because by disclosing the fact that he or she is the listing agent, the buyers know that the
licensee represents the seller
D. has created a dual agency, which is a violation of the New Hampshire Real Estate Practice Act
- Answer Answer: has failed to properly disclose his or her agency relationship
2. A real estate broker representing the seller knows the property has a cracked foundation and
that its former owner committed suicide in the kitchen. The broker must disclose:
A. both facts
B. the suicide but not the cracked foundation
C. the cracked foundation but not the suicide
D. neither fact - Answer Answer: the cracked foundation but not the suicide
3. The salesperson represents the seller in a transaction. When prospective buyers ask to see
the property, the salesperson must:
A. tell them that they must first enter into a buyer representation agreement with another
licensee
B. inform them in writing that the salesperson represents the sellers interests
C. inform them, either verbally or over the phone, that the salesperson represents the sellers
interests
D. show them the property without making any disclosures about the salesperson's relationship
to the seller - Answer Answer: inform them in writing that the salesperson represents the
, commission from landlords. The licensee tells a landlord that the prospective tenant could pay a
higher rent than the landlord is asking. Which of the following is true?
A. the licensee owes the statutory agency duties to the landlords who pay the commission
B. the licensee's disclosure to the landlord was appropriate under these circumstances
C. the licensee's disclosure violated the fiduciary duties owned to the tenant
D. because the licensee is not charging a fee to prospective tenants, the licensee has not
violated state statute - Answer Answer: the licensee's disclosure violated the fiduciary duties
owned to the tenant
5. A broker has entered into a listing agreement with the seller. Another broker, who has been
working for a buyer, learns of the property through MLS. Typically the second, cooperating
broker would represent:
A. the seller as a subagent
B. the buyer as an agent
C. the buyer as a subagent
D. neither buyer or seller - Answer Answer: the buyer as an agent
6. A realty company has entered into agency agreements with both a seller and a buyer. The
seller and the buyer have signed the Dual Agency Consent Agreement. The salesperson with the
realty company has been working with the buyer. Legally, the salesperson may:
A. provide comparable market data to the seller, after the buyer requests and receives such data
from the salesperson
B. disclose the buyer's financial qualification to the seller
C. disclose to the buyer that the seller will accept less than listing price
D. disclose to the seller that the buyer will pay more than asking price - Answer Answer:
provide comparable market data to the seller, after the buyer requests and receives such data
from the salesperson
7. A buyer who is a client of the broker wants to purchase a house that the broker has listed for
sale. Which of the following statements is true?
A. if the listing salesperson and selling salesperson are two different people, there is no problem
Conduct - Practice Test B Questions And
Correct Answers.
1. A licensed salesperson obtains a listing. Several days later, the salesperson meets prospective
buyer at the property and tells them, "I am the listing agent for this property, so I am very
familiar with it." Under these circumstances, the salesperson:
A. has failed to properly disclose his or her agency relationship
B. has properly disclosed his or her agency relationships with the sellers
C. is not in violation of the administrative rules of the New Hampshire Real Estate Commission
because by disclosing the fact that he or she is the listing agent, the buyers know that the
licensee represents the seller
D. has created a dual agency, which is a violation of the New Hampshire Real Estate Practice Act
- Answer Answer: has failed to properly disclose his or her agency relationship
2. A real estate broker representing the seller knows the property has a cracked foundation and
that its former owner committed suicide in the kitchen. The broker must disclose:
A. both facts
B. the suicide but not the cracked foundation
C. the cracked foundation but not the suicide
D. neither fact - Answer Answer: the cracked foundation but not the suicide
3. The salesperson represents the seller in a transaction. When prospective buyers ask to see
the property, the salesperson must:
A. tell them that they must first enter into a buyer representation agreement with another
licensee
B. inform them in writing that the salesperson represents the sellers interests
C. inform them, either verbally or over the phone, that the salesperson represents the sellers
interests
D. show them the property without making any disclosures about the salesperson's relationship
to the seller - Answer Answer: inform them in writing that the salesperson represents the
, commission from landlords. The licensee tells a landlord that the prospective tenant could pay a
higher rent than the landlord is asking. Which of the following is true?
A. the licensee owes the statutory agency duties to the landlords who pay the commission
B. the licensee's disclosure to the landlord was appropriate under these circumstances
C. the licensee's disclosure violated the fiduciary duties owned to the tenant
D. because the licensee is not charging a fee to prospective tenants, the licensee has not
violated state statute - Answer Answer: the licensee's disclosure violated the fiduciary duties
owned to the tenant
5. A broker has entered into a listing agreement with the seller. Another broker, who has been
working for a buyer, learns of the property through MLS. Typically the second, cooperating
broker would represent:
A. the seller as a subagent
B. the buyer as an agent
C. the buyer as a subagent
D. neither buyer or seller - Answer Answer: the buyer as an agent
6. A realty company has entered into agency agreements with both a seller and a buyer. The
seller and the buyer have signed the Dual Agency Consent Agreement. The salesperson with the
realty company has been working with the buyer. Legally, the salesperson may:
A. provide comparable market data to the seller, after the buyer requests and receives such data
from the salesperson
B. disclose the buyer's financial qualification to the seller
C. disclose to the buyer that the seller will accept less than listing price
D. disclose to the seller that the buyer will pay more than asking price - Answer Answer:
provide comparable market data to the seller, after the buyer requests and receives such data
from the salesperson
7. A buyer who is a client of the broker wants to purchase a house that the broker has listed for
sale. Which of the following statements is true?
A. if the listing salesperson and selling salesperson are two different people, there is no problem
