New Hampshire

©2024/2025

New Hampshire

Real Estate Salesperson

Final Assessment (Qns & Ans)

2025

General Instructions

1. Read All Questions Carefully: Make sure you understand each question.

2. Time Management: You have a specific amount of time to complete the exam.

Keep an eye on the clock and pace yourself.

• Allowed Materials: Only use materials that are explicitly allowed. Unauthorized

materials can lead to disqualification.

4. ANS Format: Follow the required format for your ANS. For example, multiple-

choice questions might need you to select the best ANS, while essay questions require detailed responses.

• Academic Integrity: Adhere to the university's honor code. Any form of cheating or

plagiarism is strictly prohibited.

6. Technical Requirements: Ensure your computer and internet connection are

stable. For online exams, you might need a webcam and microphone for proctoring purposes.

7. Submission: Submit your ANS before the time expires. Late submissions might

not be accepted.

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• What is the primary goal of risk management in real estate?
• To maximize profits
• To minimize legal liabilities
• To enhance property value
• To diversify investments

Correct ANS: B) To minimize legal liabilities

• Which of the following is considered a primary risk in real

estate transactions?

• Desirability of location
• Market fluctuation
• Financing options
• Home inspection results

Correct ANS: B) Market fluctuation

3. In risk management, the term "risk transfer" refers to:

• Selling the property
• Insurance coverage
• Delegating responsibilities

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• Litigation

Correct ANS: B) Insurance coverage

Contract Law

• Which of the following is NOT a necessary element for a

legally binding contract?

• Offer
• Acceptance
• Consideration
• Notarization

Correct ANS: D) Notarization

• A contract that has not been fulfilled and is remitted under a

specified legal process is known as:

• Voidable
• Executed
• Breached
• Non-binding

Correct ANS: C) Breached

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• What type of contract contains promises that are enforceable

by law?

• Oral contract
• Implied contract
• Bilateral contract
• Executory contract

Correct ANS: C) Bilateral contract

The Code of Ethics, Buyer Representation, and Your Value Proposition

• According to the Realtor Code of Ethics, which principle must

Realtors uphold?

• Confidentiality of financial status
• Fairness in negotiation
• Disregard for local laws
• Exclusivity of client representation

Correct ANS: B) Fairness in negotiation

• What is the primary responsibility of a buyer's agent?
• To represent the seller’s interests