US Real Estate New Hampshire Test 3

Real Estate » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Real Estate — New Hampshire Professional (Real Estate, USA) USA — New Hampshire State Real Estate License — USA

What is this test? for Real Estate Salesperson/Broker prep, USA (national + state law) — Professional (Real Estate, USA) level, USA — New Hampshire.
For adults preparing for Real Estate license in the USA
Section: Real Estate — New Hampshire · Education: Professional (Adult) · Part: Real Estate — New Hampshire · Country: USA · Region: USA — New Hampshire

Finance and real estate acumen covers markets, valuation, contracts, and budget management.

This test is designed to reinforce core concepts and help you succeed on your exams.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

Which agency licenses agents in New Hampshire?

A) IRS

B) State Bar

C) Medical Board

D) New Hampshire Real Estate Commission

Question 2

What is agency in real estate?

A) tenancy

B) broker acting for a client

C) zoning

D) ownership

Question 3

What classes are protected in housing?

A) age only

B) income

C) politics

D) race, color, religion, sex, handicap, family, national origin

Question 4

What is a listing agreement?

A) deed

B) purchase offer

C) contract to sell a property

D) lease

Question 5

What is earnest money?

A) buyer good-faith deposit

B) tax

C) fee

D) commission

Question 6

What is a fiduciary duty?

A) profit first

B) loyalty, obedience, care to client

C) secrecy from client

D) dual profit

Question 7

What is dual agency?

A) no representation

B) one broker representing both sides

C) two brokers

D) buyer only

Question 8

What is redlining?

A) appraising

B) surveying

C) illegal denial by neighborhood

D) mapping

Question 9

What is steering?

A) negotiating

B) guiding buyers by race (illegal)

C) showing homes

D) advertising

Question 10

What is a CMA?

A) appraisal

B) comparative market analysis

C) inspection

D) survey

Question 11

What is an appraisal?

A) offer

B) professional value opinion

C) listing

D) inspection

Question 12

What are the three appraisal approaches?

A) list, sell, close

B) offer, accept, record

C) sales comparison, cost, income

D) show, stage, sell

Question 13

What is PITI?

A) a loan type

B) principal, interest, taxes, insurance

C) a deed

D) a tax

Question 14

What is LTV?

A) listing traffic volume

B) land title verification

C) loan-to-value ratio

D) lease term value

Question 15

What is PMI?

A) property tax

B) flood insurance

C) insurance for low down payments

D) title insurance

Question 16

What is escrow?

A) down payment

B) tax

C) neutral third-party holding

D) commission

Question 17

What is a deed?

A) ownership transfer document

B) lease

C) offer

D) loan paper

Question 18

What is a warranty deed?

A) option

B) guarantees clear title

C) quitclaim

D) lease

Question 19

What is a quitclaim deed?

A) lease

B) transfers whatever interest exists

C) loan

D) full warranty

Question 20

What is title insurance?

A) home warranty

B) life insurance

C) flood policy

D) protects against title defects

US Real Estate New Hampshire Test 3

Test Complete

About This Test