Agency
A New Hampshire licensee acting as a transaction broker (facilitator) owes the parties:
AFull fiduciary duties to both parties
BLimited duties of honesty, reasonable care, and disclosure of material facts✓ Correct
CFiduciary duties only to the seller
DNo duties whatsoever
Explanation
A transaction broker (facilitator) in New Hampshire is a non-agent role. The licensee owes limited duties — honesty, reasonable care, and disclosure of material facts — but does not owe full fiduciary duties to either party.
Related New Hampshire Agency Questions
- A NH real estate broker who represents both the buyer and the seller in the same transaction without proper disclosure and consent is guilty of:
- A NH listing agent who obtains a listing at an unrealistically high price to 'buy' the listing has engaged in:
- A NH real estate transaction closes successfully and the parties are satisfied. When does the listing agent's fiduciary duty to the seller formally end?
- A New Hampshire listing agent who represents the seller should NOT:
- A NH real estate agent who acts as a 'subagent' of the seller owes their primary fiduciary duties to:
- A NH seller's listing agent receives an offer from an unrepresented buyer (no buyer's agent). The listing agent's duties to the unrepresented buyer are:
- A NH seller's agent who has information that the buyer is planning to subdivide the property after purchase should:
- An agent in NH who helps a buyer write a fraudulently low offer letter to deceive the seller could be guilty of:
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