Free New Hampshire Real Estate Practice Exam

Q1.Under the FHA, an assistance animal is:

• A.Only a service dog trained under the ADA
• B.A pet, subject to all pet rules and pet fees
• C.A service animal OR an emotional support animal that does work or provides emotional support related to a disability — not a pet under the FHA
• D.Only an animal certified by a federal registry

Q2.Under RSA Chapter 331-A, which of the following best describes the composition requirement for public members on the New Hampshire Real Estate Commission?

• A.All five members must hold active real estate licenses
• B.At least one member must be a member of the public who is not a licensed real estate professional
• C.A majority of the commission members must be unlicensed public representatives
• D.The commission must include one member who is an active real estate attorney

Q3.Under RSA Chapter 331-A, which of the following best describes the role of a seller's agent in a New Hampshire real estate transaction?

• A.A licensee who represents the seller and owes fiduciary-level duties exclusively to the seller
• B.A licensee who represents both the buyer and the seller equally in the same transaction
• C.A licensee who owes no duties to the buyer whatsoever
• D.A licensee who is employed by the state to facilitate the transaction

Q4.A New Hampshire salesperson is running social media advertisements for properties listed by their brokerage. Which of the following is required by New Hampshire Real Estate Commission advertising rules?

• A.The advertisement must include the salesperson's license number in a prominent location
• B.The advertisement must clearly identify the licensed brokerage (firm name) under which the salesperson is licensed
• C.The advertisement must state the exact commission rate being charged by the brokerage
• D.The advertisement must be pre-approved by the New Hampshire Real Estate Commission before publication

Q5.In financing terminology, which provides greater assurance to a seller — a loan approval or a loan commitment?

• A.They are legally identical — no practical difference exists
• B.A loan approval is stronger because it comes earlier in the process
• C.A loan commitment is stronger; it is the lender's binding obligation to fund, subject only to specific remaining conditions
• D.They are equivalent — both can be withdrawn by the lender at any time

Q6.Under RSA 331-A, when must a New Hampshire licensee first present the brokerage relationship disclosure to a prospective buyer who contacts the licensee about a listed property?

• A.At the time the buyer submits a written purchase offer
• B.Only after a buyer agency agreement has been signed
• C.At the first substantive contact with the prospective buyer
• D.Before the property is shown for the second time

Q7.A property manager is analyzing a potential acquisition with the following data: Gross Potential Income $500,000, Vacancy Rate 8%, Operating Expenses $180,000, Debt Service $200,000. If the required capitalization rate is 9%, what is the maximum justified purchase price?

• A.$2,800,000
• B.$3,555,556
• C.$2,888,889
• D.$2,400,000

Q8.In New Hampshire, the real estate transfer tax is imposed on the transfer of real property. Who is legally responsible for paying this tax?

• A.Only the seller
• B.Only the buyer
• C.Both the buyer and the seller, each paying a share
• D.The listing broker on behalf of the seller

Q9.A New Hampshire real estate salesperson deposits a buyer's earnest money into the salesperson's own personal checking account 'just until the paperwork is finalized.' Under RSA 331-A, this practice is best described as:

• A.Permissible, provided the funds are transferred to the broker's trust account within five business days
• B.Commingling, which is a prohibited practice that may result in license suspension or revocation
• C.Acceptable only if the buyer provides written consent to hold the funds in a personal account
• D.A minor procedural violation that results only in a written warning from the Commission

Q10.CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act) primarily addresses which environmental concern in real estate?

• A.Noise pollution from airports
• B.Energy efficiency standards
• C.Hazardous waste contamination and cleanup
• D.Water conservation requirements

Q11.Which federal law prohibits lenders from discriminating against loan applicants based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance?

• A.Equal Credit Opportunity Act (ECOA)
• B.Fair Housing Act
• C.Truth-in-Lending Act
• D.Real Estate Settlement Procedures Act (RESPA)

Q12.A New Hampshire licensed salesperson wishes to open their own independent real estate office and operate without a supervising broker. Under RSA Chapter 331-A, what must this individual do FIRST?

• A.Obtain written permission from the New Hampshire Real Estate Commission to practice independently as a salesperson
• B.Register as an LLC with the New Hampshire Secretary of State and then notify the Real Estate Commission
• C.Upgrade their license to a broker license by meeting the education, experience, and examination requirements
• D.Complete an additional 15 hours of broker-specific continuing education to qualify for independent practice

Q13.A New Hampshire licensed salesperson wants to advertise a listing using only her personal name and phone number, without mentioning her broker's name. Under New Hampshire Real Estate Commission rules, this advertisement would be:

• A.Permissible if the salesperson has been licensed for more than two years.
• B.Permissible if the property owner gives written consent to the format.
• C.A violation, because all advertising must clearly identify the supervising broker.
• D.Permissible on social media platforms but prohibited in print media.

Q14.After an agent terminates employment at a brokerage following a harassment complaint, the brokerage's fair housing liability:

• A.Ends automatically when the agent is terminated
• B.Transfers entirely to the former agent
• C.Is resolved as long as the broker cooperates with HUD's investigation
• D.Continues — the brokerage remains the respondent in any pending complaint

Q15.In New Hampshire, a buyer's agent owes which of the following duties to the buyer-client under RSA Chapter 331-A?

• A.Loyalty, confidentiality, and reasonable care exclusively to the seller
• B.Loyalty, confidentiality, disclosure, obedience, reasonable care, and accounting to the buyer
• C.Only the duty to present all offers in a timely manner, with no other obligations
• D.The same reduced duties owed to a customer, not a client