New Hampshire Real Estate Salesperson Exam — All Questions
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Under RSA 477:4-a, the sale of certain New Hampshire residential property must include notices addressing the potential presence of:
- a.Flood zones and earthquakes only
- b.Property taxes and school districts
- c.Radon, arsenic in well water, and lead-based paint✓
- d.Homeowners association fees
New Hampshire's RSA 477:4-a requires the purchase and sale of certain residential property to include notices about the potential presence of radon, arsenic in well water, and, for older homes, lead-based paint. These notices alert buyers to health-related conditions they may wish to investigate.
Earnest money that a New Hampshire salesperson receives from a buyer must be:
- a.Promptly delivered to the associated broker for deposit in the broker's trust account✓
- b.Held by the salesperson in a personal account until closing
- c.Sent to the Real Estate Commission for safekeeping
- d.Given directly to the seller when the offer is made
Client funds such as earnest money must be handled through the broker's trust (escrow) account and kept separate from personal and business funds. A salesperson who receives the money must promptly deliver it to the associated broker. Commingling or converting trust money is a serious violation of RSA 331-A.