Agency
In NH, a transaction broker (non-agent facilitator) owes which of the following to both buyer and seller?
AFull fiduciary duties including loyalty and confidentiality
BHonesty, accurate information, and accounting for funds, but not the full fiduciary duties of an agent✓ Correct
CNo duties of any kind
DThe same duties as a seller's agent
Explanation
A transaction broker facilitates the transaction without representing either party as an agent. NH recognizes limited duties for transaction brokers: honest dealing, providing accurate information, and proper accounting for funds.
Related New Hampshire Agency Questions
- A buyer's agent in New Hampshire who discovers a material defect unknown to the seller must:
- A NH seller instructs their agent to tell buyers the roof is new when the agent knows it is 10 years old. The agent should:
- What is sub-agency in a real estate transaction?
- An agent's duty of 'accounting' requires the agent to:
- Which of the following is NOT a fiduciary duty owed by an agent to their client?
- A NH seller's agent who has information that the buyer is planning to subdivide the property after purchase should:
- The concept of 'vicarious liability' means that in New Hampshire:
- A NH real estate agent who represents a buyer in an area where the agent personally owns investment properties 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 →