New Hampshire License Law
What is the primary purpose of the NH Real Estate Commission's Recovery Fund?
ATo fund pre-license education programs
BTo compensate consumers who suffer financial loss due to licensee misconduct✓ Correct
CTo pay the salaries of Commission staff
DTo fund advertising for the state's real estate market
Explanation
New Hampshire's Real Estate Recovery Fund provides a source of compensation for consumers who have suffered financial losses caused by the fraudulent or dishonest conduct of a licensed real estate agent, when a court judgment cannot be collected.
Related New Hampshire New Hampshire License Law Questions
- A NH real estate licensee who also holds a mortgage broker license may:
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