Finance
New Hampshire's Real Estate Transfer Tax is paid at a rate of:
A$0.75 per $100 of consideration, paid only by the buyer
B$1.50 per $100 of consideration, paid equally by buyer and seller✓ Correct
C$2.00 per $100 of consideration, paid only by the seller
D$1.00 per $100 of consideration, paid only by the buyer
Explanation
The New Hampshire Real Estate Transfer Tax is $1.50 per $100 of the sale price (1.5%), with each party — buyer and seller — responsible for paying $0.75 per $100 (0.75%).
Related New Hampshire Finance Questions
- A NH lender is required to provide a Loan Estimate to a mortgage applicant within:
- A construction-to-permanent loan for a new NH home converts from a construction loan to a permanent mortgage:
- A NH homebuyer who receives a seller credit at closing must understand that the credit:
- A NH property owner who holds a mortgage note may sell that mortgage note to:
- A NH buyer's loan officer quotes a 30-year fixed mortgage at 7.25% with an APR of 7.55%. The difference between the rate and APR is due to:
- The 'three-day right of rescission' under TILA applies to which NH transaction?
- New Hampshire has no state sales tax, which affects real estate transactions in that:
- A NH homebuyer's gross monthly income is $7,500. Using a 28% front-end DTI ratio, what is the maximum allowable monthly PITI payment?
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 →