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Under NH license law, a partnership, association, or corporation will be granted a broker's license as long as

A. the principal broker has a current license
B. every member and officer actively participating in the brokerage business has a broker's license
C. there is an intent to file a certificate with the secretary of State
D. the brokerage business has paid a one-time bond

User Jobeso
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1 Answer

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Final answer:

In New Hampshire, a brokerage in the form of a partnership, association, or corporation can be granted a broker's license provided that the principal broker holds a current license, ensuring legal operation of the firm in real estate activities.

Step-by-step explanation:

Under NH license law, a partnership, association, or corporation will be granted a broker's license as long as the principal broker has a current license. This is essential because the principal broker is responsible for overseeing the brokerage activities and ensuring that the company adheres to real estate laws and regulations. Every member or officer doesn't need to have a broker's license, but those who are actively participating in the brokerage business must be properly licensed. While the intent to file a certificate with the secretary of State is a common business practice, it's not specifically tied to the granting of a broker's license under NH license law. Similarly, paying a bond may be a requirement for some business practices, but it's not the determining factor for granting a broker's license in this context.

User Luthermilla Ecole
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