NH Questions Flashcards
Square feet in an Acre
43,560 square feet= 1 acre
Federal Fair Housing Protected Classes vs NH Protected Classes
Federal: Race, Religion, Color, Familial Status, Physical or Mental Disability, National Origion, Sex
NH: Age, Sexual Orientation, Marital Status
$ amount of the surety bond that must be posted by a designated broker or managing broker made payable to the state of NH?
$25,000 Surety Bond
$ Reduction on tax assessment for deaf or severely hearing impaired.
$15,000 Reduction for Deaf or severely hearing impaired
$ Max fine per violation on Lead paint disclosure.
$11,000 Fine per violation on lead paint disclosure.
$ Fine for unlawful practice.
$10,000 Fine or amount of gain whichever is greater for unlawful practice.
Feet in a mile?
5,280 feet= 1 mile
Max fine imposed by NHREC per violation.
$2,000 per violation
Acres in 1 square Mile
640 Acres = 1 Square Mile
feet from Dwelling there will be no open wells without 3 foot high fence.
500 feet from Dwelling
feet from Driveway where no open wells without 3 foot high fence.
200 Feet from Driveway
feet from Waterfront that requires site inspection, prior to transfer
200 feet from Waterfront
Days to File NH Fair Housing Complaints after alleged Act?
180 Days after alleged act
% Revenue to operating costs the NHREC must bring in?
125% of Revenue
of days to file material man’s or mechanic’s lien?
120 days to File Lien
1 year to file Court Action
Security Deposit
$100 or 1 month rent whichever is greater
What is Valuable Consideration?
$100
Days Notice to tenant or Manufactured home park of proposed rule changes
90 Days notice
of days to report record of well completion to DES
90 Days
Foot Radius from lot lines and septic systems for well head
72 foot radius
Definition of a child by EPA?
72 months or younger
What are the occupancy rules for Housing Older people?
55+ for 80% Occupancy
62+ for 100% Occupancy
Days notice for any eviction, change in rent, change in rules, repair of damages to mobile home parks?
60 Days
day notice if mobile park is to be sold?
60 Day notice
What is the late fee for a lapsed real estate liscense?
$60 late fee
Standards Veteran’s Tax Credit in NH
$50 Standard tax Credit
Days for the buyer to purchase flood insurance before the lender will purchase it on their behalf and charge it back to the borrower.
45 Days to purchase flood insurance
% Ratio for VA Loans
41%
Principal Meridians in US
37 Principal Meridians
% Ratio for housing and long term debt for conventional loan?
36% Ratio
Days to appeal to superior Court
30 Days
Days after execution of written lease to deliver a copy of lease to lessee?
30 Days
of days to return Security Deposit after tenant vacates?
30 days
of days to appeal to superior court on NHREC hearing decisions?
30 Days
days to return Escrow money due?
30 days
of month’s to vacate due to the condemnation or change in the use of the mobile parks land?
18 Months to Vacate
% Ratio for FHA Loans
29% Ratio
% Ratio for housing alone in conventional loans?
28% Ratio
Dollar returned check fee
$25 or 5% whichever is greater
Hours to notice tenants?
24 Hours or reasonable amount of time
Minimum amount of transfer tax charges (sale under $4,000)?
$20 Minimum transfer tax charge
of Dollars per thousand of real estate transfer tax stamps?
15 Dollars per thousand
- 7.5=Buyer
- 7.5=Seller
of hours for continuing education in NH?
15 Hours Every 2 years
- 3 Core
- 12 Elective
How many days for a landlord to correct/ repair health and safety Issues?
14 Days to Fix
How many days for the NHREC to inform a Licensee of a scheduled hearing?
14 Days
hours of Electives required to renew license?
12 Elective classes
of days to inform NHREC if you change your name, mailing address or company affilation?
10 Days to inform NHREC
% Meals and Rooms tax in NH
9%
Dollars per thousand of Real Estate Transfer Tax Stamps paid by both seller and buyer
$7.50 Dollars per thousand
How many days before disposing of any tenants belongings after tenant vacates?
7 Days
How many years at a minimum must a lease be recorded at registry?
7 years or More
How many years a resident must you be to sit on the NHREC?
6 Years a NH Resident
How many days for a principal broker to return a license to NHREC after change of company affiliation?
5 Days
How many years during a term for members of the NHREC?
Members have a 5 year term
Number of meeting of the NHREC per year?
Minimum 4 meeting per year
How many years can a tenant request interest earned on security deposit?
3 years 30 days
How many months rent maximum can mobile home parks charge for entrance fee?
3 Months rent
How many years must all agency disclosure forms be retained?
3 Years
How many Core hours are required to renew a license?
3 Core hours
How many members must be present from the NHREC to hold a hearing on a complaint?
3 members of the NHREC
What makes up a Manufactured housing park?
2 or more mobile homes
How many lots create a subdivision?
2 Lots
How many terms can a NHRE commissioner sit consecutively?
2 terms
How many years to file Federal Fair Housing Complaints?
2 Years
How many years to renew License?
2 years
What is 1 square mile?
640 Acres
What is 1 section?
640 Acres
How many times at a minimum must a condominium owner’s association meet per year?
Minimum 1 time per year
How many years do you have to file HUD Fair Housing Complaints?
1 year
How many years to appoint a branch manager in case of death, disability or change of affiliation?
1 year
How many feet are in a Rod?
16.5 feet= 1 Rod
How many square miles in a township?
36 Square miles= 1 township
How many sections in a township?
36 sections = 1 township
Capital gains tax deduction for married couple?
$500,000 with primary residence 2 for the last 5 years
Capital gains tax deduction for a single person?
$250,000 with primary residence 2 of the last 5 years.
Amount of Homestead rights in bankruptcy?
100,000
