Free New Hampshire Real Estate Salesperson Practice Exam 2025

FHA loans are insured by the Federal Housing Administration and are designed to help buyers with low down payments and limited credit history.

An exclusive right to sell listing ensures the broker earns a commission regardless of who finds the buyer.

A deed must be delivered and accepted to legally convey title in New Hampshire, although recording it protects against future claims.

The principle of substitution states that a property’s value is determined by the cost of an equally desirable alternative.

Police power allows the government to regulate land use through zoning and building codes to protect public health and safety.

Brokers under investigation must be given at least 10 days’ notice before a disciplinary hearing to prepare a defense.

The legal age of competence in New Hampshire is 18 years old, which is the minimum age to enter binding real estate contracts.

The primary mission of the New Hampshire Real Estate Commission is to protect the public through licensure and regulation of real estate professionals.

Disclosed dual agency is legal in New Hampshire only when all parties provide written informed consent.

Under the Statute of Frauds, real estate contracts must be in writing and signed by all involved parties to be enforceable.

New Hampshire’s Department of Environmental Services commissioner is responsible for drinking water standards and rules in the state.

Security deposits in New Hampshire cannot exceed one month’s rent, except in limited circumstances, according to tenancy laws.

Landlords in New Hampshire must pay interest on security deposits held for one year or longer, as required by state law.

Security deposits and accrued interest must be returned by landlords within 30 days of the tenancy’s end under New Hampshire Tenancy Law.

The principal broker is the individual held accountable by the New Hampshire Real Estate Commission for all licensee actions within the brokerage.

A facilitator in New Hampshire is a licensee who assists one or more parties in a real estate transaction without representing any party’s interests as an agent.

A broker managing a branch office in New Hampshire must be a licensed broker-in-charge and is held accountable for all licensee actions within that branch.

Temporary real estate licenses in New Hampshire are valid for a maximum of 90 days to allow time for applicants to complete full licensing requirements.

New Hampshire has license reciprocity agreements with select states, allowing streamlined licensing for qualified agents from those jurisdictions.

A facilitator assists parties in a real estate transaction without representing any party’s interests as an agent.

A broker who manages a branch office must be licensed and designated as responsible for compliance at that location.

Temporary licenses in New Hampshire are valid for 90 days, allowing time for licensees to meet full licensing criteria.

New Hampshire maintains reciprocity agreements with select states to streamline licensing for out-of-state licensees.

Landlords may not charge additional deposits for service animals, including seeing-eye dogs, under federal and state fair housing laws.

Commingling of client funds with personal or business accounts is strictly prohibited in New Hampshire.

It is illegal to discriminate in housing based on race, color, religion, sex, disability, familial status, or national origin.

Applicants must provide three character references to demonstrate their reputation and ethical standing.

Licensees may reinstate an expired license within six months without penalty, provided requirements are met.

New Hampshire real estate professionals must complete continuing education every two years to renew their licenses.

A Commission member may serve up to two consecutive terms, ensuring rotation and fresh perspectives.

The New Hampshire Real Estate Commission is composed of five members responsible for overseeing licensing and discipline.

Licensees have 30 days to appeal a decision by the Real Estate Commission to seek reconsideration or judicial review.

Commission members must be New Hampshire residents for at least six years prior to their appointment.

Members of the New Hampshire Real Estate Commission serve five-year terms, as mandated by state licensing law.

All real estate offices in New Hampshire must retain transaction records for three years to comply with regulatory requirements.

Protected classes under New Hampshire Fair Housing Law include race, color, religion, national origin, sex, disability, and familial status.

A protected class not recognized under New Hampshire Fair Housing Law may include categories like credit score, which are not covered.

Discrimination complaints may be submitted to either HUD or the New Hampshire Human Rights Commission under federal and state fair housing laws.

Housing discrimination complaints must be filed with the New Hampshire Human Rights Commission within 365 days of the alleged discriminatory act.

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