New Hampshire Real Estate Exam Prep

NH Salesperson Practice Exam

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New Hampshire Sample Practice Real Estate Exam Questions and Answers

New Hampshire State Section

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Question 1

What tenancies does New Hampshire allow?

A	Joint tenancy
B	Neither
C	Tenancy by the entirety
D	Both

Question 2

Which of the following is required for an applicant to receive a Real Estate License?

A	Must have lived in the state for more than a year
B	Must be 25 or older
C	Must have a Bachelors degree
D	Must sit and pass the required exam

Question 3

In what circumstances, if any, can a broker in New Hampshire who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	In most circumstances, except when the buyer and seller are related
B	Only when both buyer and seller have legal representation
C	Only when both buyer and seller give informed consent to this arrangement
D	None; the broker may only collect compensation from one party to a transaction

Question 4

Is New Hampshire a community property state?

A	No
B	Yes

Question 5

What term means "going to the state?"

A	Eminent Domain
B	Taxation
C	police power
D	escheat

Question 5 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

Question 6

Which is not necessary for a valid contract?

A	legal object
B	offer
C	due date
D	acceptance

Question 7

Does New Hampshire allow Holographic wills?

A	Yes
B	No

Question 8

How soon can a broker receive a commission check after a closing in New Hampshire?

A	After the transaction is completed and funded.
B	Once the offer sheet is signed.
C	Once the seller agrees to the price.
D	When the Buyer moves in.

Question 9

Does New Hampshire have homestead laws?

A	Yes
B	No

Question 10

Which of the following would not put a sales person in jeopardy of losing their license in New Hampshire?

A	Depositing his/her clients escrow money into a personal account
B	Placing an ad claiming to be a broker when they are not.
C	Convicted of a felony
D	Being authorized to accept and excessive commission.

Question 11

The license law is administered by:

A	New Hampshire Department of Real Estate
B	New Hampshire Real Estate Commission
C	Department of Real Estate Affairs
D	Real Estate Commission of New Hampshire

Question 12

Mortgage "discount" points only apply if which of the following conditions are met?

A	The interest rate on the mortgage loan has been lowered by 2% for each point charged
B	The seller has agreed to pay 1% of the closing costs
C	The interest rate on the mortgage loan has been lowered by 1% for each point charged
D	The loan does not close and the buyer owes the lender for services rendered

Question 13

A Salesperson license fee costs how much?

A	$155
B	$110
C	$105
D	$100

Question 14

Does New Hampshire have dower laws?

A	Yes
B	No

Question 15

What is homestead protection?

A	The estimated value that an asset will have at then end of it's useful life
B	Gradual subsidence of waters, leaving dry land
C	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
D	Net cash remaining to investor after sale of investment property

Question 16

Which of the following isn't part of a deed?

A	Premises
B	acknowledgement
C	novation
D	Habendum

Question 17

What is a holographic will?

A	a standard boiler plate will.
B	a will and testament that has been entirely handwritten and signed by the testator.
C	a will that has been approved by each family member.
D	a will that displays in 3D

Question 18

After getting the license, how often must you take Continuing Education classes?

A	every 4 years
B	every 3 years
C	every 2 years
D	every year

Question 19

Standing trees would be considered:

A	Emblements
B	Real property
C	Chattels
D	Personal Property

Question 20

Which of the following is a landlord's option for a tenant not paying the rent?

A	lock the tenant out of the apartment
B	shutoff the gas
C	unlawful detainer action in court
D	shut off the power

Question 21

Who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Buyer
B	Lessor
C	Lessee
D	Agent

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