Free New Hampshire Real Estate Broker Exam Practice Test

Sample New Hampshire Broker practice questions

Try a few representative questions below. Each includes the correct answer and a short explanation — the same style you'll see in the full practice test.

1. Question 1Agency and Disclosure

   A New Hampshire licensed broker acting as a dual agent in a transaction discovers a material defect in the property that the seller is unaware of. What is the broker's primary obligation regarding this defect?

   • A.Maintain confidentiality of the defect as it pertains to the seller's interests, and only disclose if legally mandated by a court order.
   • B.Inform the seller of the defect and advise them on how to address it, then proceed with disclosure to the buyer only if the seller consents or remedies the issue.
   • C.Disclose the defect to the buyer and the seller simultaneously, recommending professional inspection and repair.
   • D.Disclose the defect to the buyer immediately, even without the seller's consent.(Correct)

   Explanation

   In New Hampshire, a dual agent owes duties to both parties. Discovering a material defect requires disclosure to the buyer, even if the seller is unaware or uncooperative, as it directly impacts the buyer's decision-making. The broker should then inform the seller about the defect and their obligation to disclose.

2. Question 2Commission and Contracts

   A seller lists their property with Broker A for $500,000. Two weeks later, Broker B brings an offer for $480,000 with a contingency for financing. Broker A's seller accepts the offer. If the financing contingency fails due to the buyer's inability to secure a loan despite diligent efforts, what is the most likely outcome regarding Broker A's commission?

   • A.Broker A is entitled to a partial commission, prorated based on the effort expended.
   • B.Broker A is generally not entitled to a commission unless the listing agreement specifies otherwise for failed contingencies.(Correct)
   • C.Broker A can sue the buyer for the commission, as the seller is unable to pay.
   • D.Broker A is entitled to the full commission because the offer was accepted.

   Explanation

   Typically, a broker earns a commission when a ready, willing, and able buyer is found and a sale is consummated. If a financing contingency fails through no fault of the seller, and the buyer is not at fault for failing to secure the loan, the broker is usually not entitled to a commission, as the sale did not close. The listing agreement terms are crucial here.

3. Question 3Property Condition Disclosures

   A property in New Hampshire is being sold. The seller has a septic system that was installed 15 years ago. Under New Hampshire law, what is the seller's obligation regarding the septic system?

   • A.The seller must provide a recent inspection report and a certificate of compliance from the local health authority.
   • B.The seller must have the septic system pumped and inspected before closing.
   • C.No specific disclosure or inspection is required for septic systems unless requested by the buyer.
   • D.The seller is only obligated to disclose any known issues with the septic system.(Correct)

   Explanation

   New Hampshire law requires sellers to disclose any known material defects, including issues with septic systems. While a recent inspection and certificate of compliance are best practices and often requested by buyers, the legal minimum is disclosure of known problems. The state does not mandate a specific pumping or inspection for all sales.

Want the full exam? Start the free practice test →

Frequently asked questions

Related practice tests

• CA Real Estate
• FL Real Estate
• TX Real Estate
• Alabama Real Estate