New Hampshire License Law
Commingling in New Hampshire real estate refers to:
AMixing business with personal relationships
BMixing client funds with the broker's personal or operating funds✓ Correct
CListing properties with multiple brokers simultaneously
DSharing commission with unlicensed persons
Explanation
Commingling is the illegal practice of mixing client or customer funds (earnest money, security deposits) with the broker's own operating or personal funds. All client funds must be held in a separate trust account.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
EscrowA neutral third-party arrangement where funds, documents, and instructions are held until all conditions of a real estate transaction are satisfied.
Math Concepts
State-Specific Concepts
Trust Account Rules
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