11.2k views
0 votes
In NH, which of the following is legal and not grounds for revoking a broker's license?

A. Being convicted of obtaining money under false pretenses
B. Advertising in a newspaper that he or she is a member of the NH Association of Real Estate Professionals when in fact he/she is not
C. Depositing escrow money in his/her own personal checking account
D. Agreeing with a seller to accept a listing more than the broker's usual commission rate.

1 Answer

3 votes

Final answer:

The legal act that would not be grounds for revoking a broker's license in NH is agreeing to accept a listing at more than the usual commission rate. Other options involve fraudulent or unethical behaviours that would justify revocation.

Step-by-step explanation:

In the context of real estate brokerage laws in New Hampshire (NH), the only option among those presented that is legal and not grounds for revoking a broker's license is D. Agreeing with a seller to accept a listing more than the broker's usual commission rate. This practice is considered legal because commission rates are typically negotiable between a broker and their client. The other options, such as A. Being convicted of obtaining money under pretences, B. Advertising falsely that one is a member of a professional association, and C. Depositing escrow money in one's account, are all actions that violate professional ethics and regulations in the real estate industry and can lead to license revocation.

User Weldabar
by
7.1k points