NH Real Estate study guide
NH Real Estate · Work through your exam, one topic at a time.
The New Hampshire real estate licensing examination is the assessment candidates complete as part of the state's process for earning a real estate credential. Real estate licensing in New Hampshire sits within the professional-regulatory structure administered by the Office of Professional Licensure and Certification (OPLC), which, in its own words, "provides administrative support to over 50 professional Licensing Boards, Commissions and Councils responsible for licensing and regulating their professions within the State of New Hampshire." The Real Estate Commission is one of those bodies; OPLC's site carries Commission alerts and links to the new licensing portal at licenses.oplc.nh.gov, where applicants create an account and claim licenses before submitting an application or renewing. The NH Real Estate study guide has 6 sections and about 2,331 words.
01New Hampshire Real Estate License Law and Administrative Rules
New Hampshire regulates brokerage through the Real Estate Commission, which enforces RSA 331-A and the Commission's administrative rules. A license is required to list, market, negotiate, or procure prospects for the sale or lease of real property for another person for compensation.
327 words, about 2 min02Agency Relationships, Disclosures and Fiduciary Duties
Agency can arise by express agreement, implication, or ratification. New Hampshire requires prompt and generally written disclosure of whom the licensee represents before services are provided.
601 words, about 3 min03Contracts, Agreements and Transaction Documents
Real estate contracts must satisfy the statute of frauds, so the essential terms must be in writing and signed by the party to be charged. Essential terms include parties, property description, price, and intent to be bound.
301 words, about 2 min04Real Property Ownership, Estates, Interests and Transfer
A fee simple absolute is the broadest estate. Lesser estates include life estates and leaseholds.
286 words, about 1 min05Financing, Settlement and Closing
Buyers use conventional, FHA, VA, and USDA financing. Lenders evaluate credit, income, assets, loan-to-value ratio, and debt-to-income ratio.
276 words, about 1 min06Valuation, Marketing and Brokerage Practice
Market value is the most probable price in an arm's-length transaction with informed, willing parties and no undue pressure. Appraisers use the sales comparison approach for typical homes, the cost approach for newer or special-purpose properties, and the income approach for income-producing property.
540 words, about 3 min