NH Real Estate Exam question and answers graded A+ 2023/2024

NH Real Estate ExamPurpose of NH Real Estate Commission - correct answer License and regulate real estate agents. Entry Only Listings - correct answer Considered listings and must comply with listing requirements Appointing Agents - correct answer Appoint real estate licensees to represent clients in real estate offices that practice designated agency A fiduciary client relationship - correct answer Requires a contractual brokerage agreement Commission members include: - correct answer 2 Brokers 1 Salesperson 1 Lawyer 1 Public Member All advertising by real estate agents must include the following: - correct answer -phone number of the real estate firm or principal broker & agent's direct number -The name of the real estate firm or principal broker. -A link to the required information with respect to limited electronic media. The performance of ministerial acts: - correct answer Involves performance of acts that are ADMINISTRATIVE in nature Dual agency: - correct answer Requires written informed consent. Disclose right away Have to have TWO contacts to be a duel agent The definition of NH real estate brokerage activity includes: - correct answer The resale of timeshare units Sub-Agency Relationship NH Example - correct answer A Cooperating Brokerage Agreement with an out-of-state broker: In NH do property management rental agents need a real estate license? - correct answer YES @adelle When should the Brokerage Relationship Disclosure Form should be provided to consumers: - correct answer At the first business meeting "Offers" Should be presented - correct answer "in a timely manner When should a principal brokers tell the commission if a salesperson or associate broker is no longer associated with the principal broker? - correct answer 5 Days All licensees must notify the NH Real Estate Commission of the following with? - correct answer -Change of resident address -Change of legal name -Change of mailing address. (NOT no longer a member of the Realtor® Association) In addition to a 3-hour CORE course, all active license renewals require? - correct answer 12 hour of accredited elective courses T or F: You can renew an expired license up to 6 months after its expiration date with an additional late fee; but after six months the license will lapse and cannot be renewed. - correct answer True -You cannot practice real estate with an expired or lapsed license. Unless "good cause" can be demonstrated, the person would have to re-take pre-licensing education and the examination.