Agency
A NH seller's agent who knows the buyer has already exceeded their stated price limit has what duty?
ATo inform the seller so they can hold firm on their price✓ Correct
BTo keep this confidential since it was told to the agent by the buyer's agent in confidence
CTo report it to the NHREC
DTo advise the buyer to lower their offer
Explanation
Information about a buyer's actual financial capacity or price limit that becomes known to the seller's agent is material information that should be shared with the seller — as the seller's agent owes loyalty and disclosure to the seller.
Related New Hampshire Agency Questions
- In a NH buyer's agent scenario, when the buyer asks the agent 'What's the lowest amount the seller will accept?', the agent should respond:
- A NH salesperson who advertises 'I work for you, not the seller!' without disclosing that they are in fact a seller's agent is engaged in:
- In New Hampshire, a buyer and seller who are both clients of the same brokerage but represented by different agents within that brokerage involves:
- A NH real estate agent learns that the property they are listing is in foreclosure proceedings. The agent's duty is to:
- A NH real estate agent who gives a buyer client specific legal advice about how to take title to minimize estate taxes is likely:
- A NH real estate agent's primary obligation when representing a seller is to:
- If a New Hampshire agent learns that their buyer client intends to use the property for an illegal purpose, the agent should:
- A NH buyer's agent who receives a bonus from the seller (in addition to the stated commission) for bringing a full-price offer must:
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 →