Agency
A NH listing broker discovers that the buyer's agent works for the same brokerage. Under NH agency law, this situation is known as:
ADual agency
BDesignated agency✓ Correct
CTransaction brokerage
DNon-agency
Explanation
When both the listing agent and the buyer's agent work for the same brokerage, New Hampshire treats this as designated agency—where each agent represents their respective client separately, provided the brokerage has proper policies in place and all parties consent.
People Also Study
Related New Hampshire Questions
- A NH broker who is the designated agent for the seller in a transaction where their brokerage firm also represents the buyer has arranged:Agency
- 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:Agency
- A New Hampshire broker who holds client funds in their trust account and uses those funds for personal expenses has committed:New Hampshire License Law
- A New Hampshire listing agent represents the seller. When a buyer without a buyer's agent contacts the listing agent, the listing agent may:Agency
- In New Hampshire, a buyer and seller who are both clients of the same brokerage but represented by different agents within that brokerage involves:Agency
- A New Hampshire exclusive agency listing allows the seller to:Contracts
- A New Hampshire broker who discovers a salesperson in their firm has committed fraud must:New Hampshire License Law
- A New Hampshire property owner discovers an endangered plant species on their land. This may affect their development plans because:Environmental
Key Terms to Know
Dual Agency
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Study This Topic
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →