NH Questions

Question 0

Square feet in an Acre

Answer 0

43,560 square feet= 1 acre

Question 1

Federal Fair Housing Protected Classes vs NH Protected Classes

Answer 1

Federal: Race, Religion, Color, Familial Status, Physical or Mental Disability, National Origion, Sex

NH: Age, Sexual Orientation, Marital Status

Question 2

$ amount of the surety bond that must be posted by a designated broker or managing broker made payable to the state of NH?

Answer 2

$25,000 Surety Bond

Question 3

$ Reduction on tax assessment for deaf or severely hearing impaired.

Answer 3

$15,000 Reduction for Deaf or severely hearing impaired

Question 4

$ Max fine per violation on Lead paint disclosure.

Answer 4

$11,000 Fine per violation on lead paint disclosure.

Question 5

$ Fine for unlawful practice.

Answer 5

$10,000 Fine or amount of gain whichever is greater for unlawful practice.

Question 6

Feet in a mile?

Answer 6

5,280 feet= 1 mile

Question 7

Max fine imposed by NHREC per violation.

Answer 7

$2,000 per violation

Question 8

Acres in 1 square Mile

Answer 8

640 Acres = 1 Square Mile

Question 9

feet from Dwelling there will be no open wells without 3 foot high fence.

Answer 9

500 feet from Dwelling

Question 10

feet from Driveway where no open wells without 3 foot high fence.

Answer 10

200 Feet from Driveway

Question 11

feet from Waterfront that requires site inspection, prior to transfer

Answer 11

200 feet from Waterfront

Question 12

Days to File NH Fair Housing Complaints after alleged Act?

Answer 12

180 Days after alleged act

Question 13

% Revenue to operating costs the NHREC must bring in?

Answer 13

125% of Revenue

Question 14

of days to file material man’s or mechanic’s lien?

Answer 14

120 days to File Lien

1 year to file Court Action

Question 15

Security Deposit

Answer 15

$100 or 1 month rent whichever is greater

Question 16

What is Valuable Consideration?

Answer 16

$100

Question 17

Days Notice to tenant or Manufactured home park of proposed rule changes

Answer 17

90 Days notice

Question 18

of days to report record of well completion to DES

Answer 18

90 Days

Question 19

Foot Radius from lot lines and septic systems for well head

Answer 19

72 foot radius

Question 20

Definition of a child by EPA?

Answer 20

72 months or younger

Question 21

What are the occupancy rules for Housing Older people?

Answer 21

55+ for 80% Occupancy

62+ for 100% Occupancy

Question 22

Days notice for any eviction, change in rent, change in rules, repair of damages to mobile home parks?

Answer 22

60 Days

Question 23

day notice if mobile park is to be sold?

Answer 23

60 Day notice

Question 24

What is the late fee for a lapsed real estate liscense?

Answer 24

$60 late fee

Question 25

Standards Veteran's Tax Credit in NH

Answer 25

$50 Standard tax Credit

Question 26

Days for the buyer to purchase flood insurance before the lender will purchase it on their behalf and charge it back to the borrower.

Answer 26

45 Days to purchase flood insurance

Question 27

% Ratio for VA Loans

Answer 27

41%

Question 28

Principal Meridians in US

Answer 28

37 Principal Meridians

Question 29

% Ratio for housing and long term debt for conventional loan?

Answer 29

36% Ratio

Question 30

Days to appeal to superior Court

Answer 30

30 Days

Question 31

Days after execution of written lease to deliver a copy of lease to lessee?

Answer 31

30 Days

Question 32

of days to return Security Deposit after tenant vacates?

Answer 32

30 days

Question 33

of days to appeal to superior court on NHREC hearing decisions?

Answer 33

30 Days

Question 34

days to return Escrow money due?

Answer 34

30 days

Question 35

of month's to vacate due to the condemnation or change in the use of the mobile parks land?

Answer 35

18 Months to Vacate

Question 36

% Ratio for FHA Loans

Answer 36

29% Ratio

Question 37

% Ratio for housing alone in conventional loans?

Answer 37

28% Ratio

Question 38

Dollar returned check fee

Answer 38

$25 or 5% whichever is greater

Question 39

Hours to notice tenants?

Answer 39

24 Hours or reasonable amount of time

Question 40

Minimum amount of transfer tax charges (sale under $4,000)?

Answer 40

$20 Minimum transfer tax charge

Question 41

of Dollars per thousand of real estate transfer tax stamps?

Answer 41

15 Dollars per thousand - 7.5=Buyer - 7.5=Seller

Question 42

of hours for continuing education in NH?

Answer 42

15 Hours Every 2 years - 3 Core - 12 Elective

Question 43

How many days for a landlord to correct/ repair health and safety Issues?

Answer 43

14 Days to Fix

Question 44

How many days for the NHREC to inform a Licensee of a scheduled hearing?

Answer 44

14 Days

Question 45

hours of Electives required to renew license?

Answer 45

12 Elective classes

Question 46

of days to inform NHREC if you change your name, mailing address or company affilation?

Answer 46

10 Days to inform NHREC

Question 47

% Meals and Rooms tax in NH

Answer 47

9%

Question 48

Dollars per thousand of Real Estate Transfer Tax Stamps paid by both seller and buyer

Answer 48

$7.50 Dollars per thousand

Question 49

How many days before disposing of any tenants belongings after tenant vacates?

Answer 49

7 Days

Question 50

How many years at a minimum must a lease be recorded at registry?

Answer 50

7 years or More

Question 51

How many years a resident must you be to sit on the NHREC?

Answer 51

6 Years a NH Resident

Question 52

How many days for a principal broker to return a license to NHREC after change of company affiliation?

Answer 52

5 Days

Question 53

How many years during a term for members of the NHREC?

Answer 53

Members have a 5 year term

Question 54

Number of meeting of the NHREC per year?

Answer 54

Minimum 4 meeting per year

Question 55

How many years can a tenant request interest earned on security deposit?

Answer 55

3 years 30 days

Question 56

How many months rent maximum can mobile home parks charge for entrance fee?

Answer 56

3 Months rent

Question 57

How many years must all agency disclosure forms be retained?

Answer 57

3 Years

Question 58

How many Core hours are required to renew a license?

Answer 58

3 Core hours

Question 59

How many members must be present from the NHREC to hold a hearing on a complaint?

Answer 59

3 members of the NHREC

Question 60

What makes up a Manufactured housing park?

Answer 60

2 or more mobile homes

Question 61

How many lots create a subdivision?

Answer 61

2 Lots

Question 62

How many terms can a NHRE commissioner sit consecutively?

Answer 62

2 terms

Question 63

How many years to file Federal Fair Housing Complaints?

Answer 63

2 Years

Question 64

How many years to renew License?

Answer 64

2 years

Question 65

What is 1 square mile?

Answer 65

640 Acres

Question 66

What is 1 section?

Answer 66

640 Acres

Question 67

How many times at a minimum must a condominium owner's association meet per year?

Answer 67

Minimum 1 time per year

Question 68

How many years do you have to file HUD Fair Housing Complaints?

Answer 68

1 year

Question 69

How many years to appoint a branch manager in case of death, disability or change of affiliation?

Answer 69

1 year

Question 70

How many feet are in a Rod?

Answer 70

16.5 feet= 1 Rod

Question 71

How many square miles in a township?

Answer 71

36 Square miles= 1 township

Question 72

How many sections in a township?

Answer 72

36 sections = 1 township

Question 73

Capital gains tax deduction for married couple?

Answer 73

$500,000 with primary residence 2 for the last 5 years

Question 74

Capital gains tax deduction for a single person?

Answer 74

$250,000 with primary residence 2 of the last 5 years.

Question 75

Amount of Homestead rights in bankruptcy?

Answer 75

100,000