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Practice Of Real EstateLicense LawMEDIUM

Salesperson Linda Tran wants to upgrade her license to associate broker in New Hampshire. Under RSA Chapter 331-A, which of the following correctly describes the experience requirement she must meet before applying for the associate broker license?

Correct Answer

D) Linda must have been actively licensed as a salesperson for at least two years in New Hampshire or another state

Under RSA 331-A:10, an applicant for an associate broker license must have been actively licensed as a real estate salesperson for at least two years, which may be in New Hampshire or in another state with a comparable licensing system. The two-year active experience requirement is the key threshold, and out-of-state experience is recognized.

Answer Options
A
Linda must have been actively licensed as a salesperson in any state for at least one year
B
Linda must have been actively licensed as a New Hampshire salesperson for at least three years
C
Linda must have completed at least 100 transactions as a salesperson in New Hampshire
D
Linda must have been actively licensed as a salesperson for at least two years in New Hampshire or another state

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Related Topics & Key Terms

Key Terms:

associate_brokerlicense_upgradeexperience_requirementrsa_331_a

Related Concepts

Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.

Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.

Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.

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