New Hampshire License Law
Which of the following activities requires a New Hampshire real estate license?
AAn executor selling the estate's property under court order
BA property manager collecting rents for a fee on behalf of property owners✓ Correct
CAn attorney handling a property sale in the normal course of legal practice
DAn owner auctioning their own home
Explanation
Property managers who collect rents or negotiate leases for compensation on behalf of others must hold a New Hampshire real estate license.
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Key Terms to Know
Joint Tenancy
Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Tenancy in CommonCo-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.
State-Specific Concepts
License Law
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