New Hampshire License Law
A New Hampshire broker who discovers a salesperson in their firm has committed fraud must:
AHandle it internally and not report it
BTake corrective action and may have a duty to report to the NHREC✓ Correct
CWait for the NHREC to investigate on its own
DOnly report it if the fraud involved more than $10,000
Explanation
Brokers are responsible for the supervision of their salespersons. Discovery of fraud requires corrective action, and the broker may be required to report the conduct to the NHREC. Failure to act may result in the broker's own license being disciplined.
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