Question

A licensee concealed pertinent information about the condition of a property for which he was the agent of the seller. Which of the following penalties might be imposed by the New Hampshire Real Estate Commission?

A. a fine not to exceed a maximum $10,000
B. suspension or revocation of the agent's license
C. a jail sentence not to exceed 364 days
D. a fine of $2,000 and 10 days in jail

Answer 1

When a New Hampshire real estate licensee conceals information, the Real Estate Commission may fine them up to $10,000 or suspend/revoke their license, but they cannot impose jail sentences.

Step-by-step explanation:

If a licensee concealed pertinent information about the condition of a property for which he was the agent of the seller, the New Hampshire Real Estate Commission may impose several forms of disciplinary action. The specific penalties that can be imposed include:

• A fine not to exceed a maximum $10,000.
• The suspension or revocation of the agent's license.
• A jail sentence not to exceed 364 days is generally not a penalty given by the real estate commission as they do not have the authority to impose jail sentences; such penalties are typically handed down by the courts.

Therefore, the correct penalties from the options provided are a fine of up to a maximum of $10,000 and the possibility of suspension or revocation of the agent's license.