Question

For which of the following acts would a licensee be subject to disciplinary action by the NH Real Estate Commission?

A.Preserving real estate records for 7 years
B. Representing to any lender an amount in excess of the true and actual sales price
C. Depositing earnest money into the broker's escrow account
D. Providing info requested by the commission within 30 days of the request as part of a complain or audit procedure.

Answer 1

A licensee would be subject to disciplinary action by the NH Real Estate Commission for misrepresenting the sales price to a lender, which is considered fraudulent.

Step-by-step explanation:

The licensee would be subject to disciplinary action by the NH Real Estate Commission for representing to any lender an amount in excess of the true and actual sales price. This act is typically considered fraudulent and is against the principles of honesty and integrity that real estate professionals are required to uphold. Deposit of earnest money into the broker's escrow account and preserving real estate records for a certain period (such as 7 years) are standard practices mandated by many real estate commissions. Providing information requested by the commission as part of a complaint or audit procedure is also a duty of the licensee and failure to do so might also lead to disciplinary action.