Large Practice Test Flashcards
escrow requirements are that the principal broker must maintain an ………… account either ……….. or …………. and in NH
escrow, interest bearing or not
another name for RSA 331:A is
NH real estate practice act
is a licensee is prosecuted for a complaint, who will prosecute?
attorney general or attorney designated
other parties & parties agents must be informed when a broker is hired by a ………..
buyer (works both ways though)
site assessment study needs to be done on………….
property, thats developed, within 200’ of a great pond
subdivisions must be reviewed by the ……..
planning board
the deed shall be signed by the ………
grantor
interest bearing is not necessary with
escrow accounts
a lead paint disclosure must be given to all ………
buyers prior to P & S
A property owner, aggrieved by a towns decision on a current use status, would appeal with………
state board of land and tax appeals
how many brokerage contracts must exist in dual agency?
3
legal description in NH are typically done by …………….
metes and bounds
the commission does not administer exams! that is done by a testing company!> they ………… …………. …………..
enforce licensee rules
prior to purchase, a licensee must disclose their interest in a property :
prior to p & s
a licensee acting as facilitator acts for………..
neither party of the transaction
an unlicensed person can sit at an OH for……….. ……….
security only
licensees affiliated with a suspended-sole proprietor- broker are………….
returned to inactive status
all branch offices need an ………….
on-site broker to manage
the commission is administratively attached to the………….
dept. of state
brokerage trade names must be registered with the…………..
secretary of state
a corp. org. under the laws of another state must be registered with:
NH secretary of state
original p & s must be given to:
buyers and sellers
the deed must show the mailing address of the…………..
grantee
a municipality may or may not exclude manufactured housing completely?
may not
