Free New Hampshire Real Estate Practice Exam

Q1.According to New Hampshire law, which type of real estate contract must be in writing to be enforceable?

• A.Lease agreements under one year
• B.Purchase agreements for property over $500
• C.Month-to-month rental agreements
• D.Verbal listing agreements

Q2.A tenant in New Hampshire has not paid rent for 15 days past the due date. The lease contains no grace period provision. What type of notice should the property manager serve?

• A.3-day notice to quit
• B.7-day notice to quit
• C.30-day notice to quit
• D.Notice to quit with no opportunity to cure

Q3.A New Hampshire broker discovers that a salesperson has been conducting transactions without proper disclosure of agency relationships. What is the broker's primary responsibility under state law?

• A.Immediately terminate the salesperson
• B.Report the violation to the Real Estate Commission within 10 days
• C.Provide additional training and correct the violation
• D.Transfer the salesperson to another supervisor

Q4.Under CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act), which party is typically held liable for environmental cleanup costs?

• A.Only the party that originally caused the contamination
• B.Only the government agency that discovered the contamination
• C.Current property owners, regardless of when contamination occurred
• D.Only parties who were negligent in their actions

Q5.A property's assessed value is $180,000, and the assessment ratio is 80% of market value. If the tax rate is $25 per $1,000 of assessed value, what is the estimated market value?

• A.$144,000
• B.$180,000
• C.$225,000
• D.$288,000

Q6.A married couple purchases property and the deed reads 'John Smith and Mary Smith, husband and wife.' In a community property state, how would this property most likely be classified?

• A.Joint tenancy with right of survivorship
• B.Tenancy in common with equal shares
• C.Community property
• D.Tenancy by the entirety

Q7.Under New Hampshire regulations, what is the minimum amount that may be kept in a trust account to cover bank service charges?

• A.$0 - no broker funds allowed
• B.Up to $100
• C.Up to $500
• D.Up to $1,000

Q8.What documentation must a New Hampshire principal broker maintain when a salesperson leaves their employment?

• A.No documentation is required after termination
• B.Records for 1 year following termination
• C.Records for 3 years following termination
• D.Permanent records of the association

Q9.What is the primary characteristic that distinguishes joint tenancy from tenancy in common?

• A.Joint tenancy requires equal ownership shares
• B.Joint tenancy includes the right of survivorship
• C.Joint tenancy can only exist between married couples
• D.Joint tenancy allows owners to sell without consent of other owners

Q10.A New Hampshire broker maintains trust accounts in three different banks. During a Commission audit, records for one account show a shortage of $2,000 that was caused by an accounting error. What is the most likely regulatory consequence?

• A.No violation since it was an unintentional error
• B.Minor violation requiring corrective action only
• C.Serious violation potentially resulting in license discipline
• D.Automatic license revocation regardless of circumstances

Q11.A licensed New Hampshire salesperson is convicted of a felony involving fraud. What must the salesperson do?

• A.Nothing, as it doesn't relate to real estate
• B.Report the conviction to their employing broker only
• C.Report the conviction to the Real Estate Commission within 30 days
• D.Automatically surrender their license

Q12.In New Hampshire, what is the maximum amount a landlord may charge for a security deposit on a residential rental property?

• A.One month's rent
• B.Two months' rent
• C.No limit is specified by law
• D.One and one-half months' rent

Q13.Under the Fair Housing Act, which of the following would be considered a prohibited discriminatory practice in property use restrictions?

• A.Requiring a minimum income qualification of three times the monthly rent
• B.Prohibiting pets except for service animals
• C.Restricting occupancy to families without children under 18
• D.Requiring a security deposit equal to one month's rent

Q14.A property owner asks their New Hampshire property manager to collect rent but also to make major structural repairs costing $15,000 without prior approval. How should the manager respond?

• A.Proceed with the repairs since they have a management agreement
• B.Refuse to make any repairs regardless of cost
• C.Make the repairs but charge the owner a higher management fee
• D.Clarify the scope of authority in the management agreement before proceeding

Q15.A property was purchased for $180,000 and sold for $225,000. What is the percentage of profit on the original investment?

• A.20%
• B.25%
• C.30%
• D.35%