New Hampshire Real Estate Broker Exam — All Questions
3 questions
New Hampshire's RSA 477:4-a requires that a residential purchase and sale agreement include statutory notice to the buyer about which of the following?
- a.Flood insurance rates only
- b.Homeowners association fees only
- c.Property tax abatement procedures
- d.Radon and, for properties on a private water supply, arsenic, and the availability of testing✓
RSA 477:4-a requires residential purchase and sale agreements in New Hampshire to include statutory notice advising the buyer about radon and, for properties served by a private water supply, arsenic, along with the availability of testing. Both can occur naturally in New Hampshire's soils and well water.
Why are private-well disclosures especially important in many New Hampshire transactions?
- a.Many New Hampshire homes rely on private wells where naturally occurring contaminants such as arsenic and radon can be present✓
- b.New Hampshire prohibits the sale of any home with a private well
- c.Private wells are exempt from all disclosure requirements
- d.Only commercial properties in New Hampshire use private wells
Because a large share of New Hampshire homes draw water from private wells, where arsenic, radon, and other contaminants can occur naturally, buyers must be informed about testing. Sellers must disclose known material defects, and licensees may not help conceal a known problem.
For a New Hampshire home built before 1978, the seller must, under federal law:
- a.Repaint the entire property before listing
- b.Disclose known lead-based paint and hazards and provide the required EPA pamphlet and disclosure✓
- c.Obtain a state waiver from the Real Estate Commission
- d.Do nothing, because lead-paint rules do not apply in New Hampshire
For pre-1978 housing, federal law requires the seller to disclose known lead-based paint and hazards and provide the EPA lead pamphlet and disclosure. New Hampshire's older housing stock makes lead-paint hazards a real public-health concern, and the supervising broker should ensure these disclosures are delivered.