Large Practice Test

Question 1

escrow requirements are that the principal broker must maintain an ………… account either ……….. or …………. and in NH

Answer 1

escrow, interest bearing or not

Question 2

another name for RSA 331:A is

Answer 2

NH real estate practice act

Question 3

is a licensee is prosecuted for a complaint, who will prosecute?

Answer 3

attorney general or attorney designated

Question 4

other parties & parties agents must be informed when a broker is hired by a ………..

Answer 4

buyer (works both ways though)

Question 5

site assessment study needs to be done on………….

Answer 5

property, thats developed, within 200’ of a great pond

Question 6

subdivisions must be reviewed by the ……..

Answer 6

planning board

Question 7

the deed shall be signed by the ………

Answer 7

grantor

Question 8

interest bearing is not necessary with

Answer 8

escrow accounts

Question 9

a lead paint disclosure must be given to all ………

Answer 9

buyers prior to P & S

Question 10

A property owner, aggrieved by a towns decision on a current use status, would appeal with………

Answer 10

state board of land and tax appeals

Question 11

how many brokerage contracts must exist in dual agency?

Answer 11

3

Question 12

legal description in NH are typically done by …………….

Answer 12

metes and bounds

Question 13

the commission does not administer exams! that is done by a testing company!> they ………… …………. …………..

Answer 13

enforce licensee rules

Question 14

prior to purchase, a licensee must disclose their interest in a property :

Answer 14

prior to p & s

Question 15

a licensee acting as facilitator acts for………..

Answer 15

neither party of the transaction

Question 16

an unlicensed person can sit at an OH for……….. ……….

Answer 16

security only

Question 17

licensees affiliated with a suspended-sole proprietor- broker are………….

Answer 17

returned to inactive status

Question 18

all branch offices need an ………….

Answer 18

on-site broker to manage

Question 19

the commission is administratively attached to the………….

Answer 19

dept. of state

Question 20

brokerage trade names must be registered with the…………..

Answer 20

secretary of state

Question 21

a corp. org. under the laws of another state must be registered with:

Answer 21

NH secretary of state

Question 22

original p & s must be given to:

Answer 22

buyers and sellers

Question 23

the deed must show the mailing address of the…………..

Answer 23

grantee

Question 24

a municipality may or may not exclude manufactured housing completely?

Answer 24

may not