Agency
A New Hampshire buyer's broker receives a commission from the seller's proceeds at closing. This is:
AProhibited without the seller's consent
BAcceptable when disclosed and agreed upon by all parties✓ Correct
COnly permitted in commercial transactions
DA violation of RESPA
Explanation
It is common practice in NH for the seller to pay the buyer's broker's commission through the transaction, typically through a cooperative commission offer in the MLS. This must be disclosed and is acceptable when transparent.
Related New Hampshire Agency Questions
- An agent who, without the client's knowledge, purchases a listing for their own account violates which fiduciary duty?
- Which duty does a New Hampshire buyer's agent owe ONLY to the buyer and not to third parties?
- The procuring cause rule determines which NH broker is entitled to a commission when:
- Which of the following is NOT a fiduciary duty owed by an agent to their client?
- What is sub-agency in a real estate transaction?
- When does a real estate agency relationship typically terminate?
- A seller's agent in New Hampshire must disclose to a prospective buyer:
- A NH buyer's agent who presents a counteroffer from the seller to their buyer client must:
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