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AMP Real Estate Exam > NH Questions > Flashcards

NH Questions Flashcards

0
Q

Square feet in an Acre

A

43,560 square feet= 1 acre

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1
Q

Federal Fair Housing Protected Classes vs NH Protected Classes

A

Federal: Race, Religion, Color, Familial Status, Physical or Mental Disability, National Origion, Sex

NH: Age, Sexual Orientation, Marital Status

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2
Q

$ amount of the surety bond that must be posted by a designated broker or managing broker made payable to the state of NH?

A

$25,000 Surety Bond

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3
Q

$ Reduction on tax assessment for deaf or severely hearing impaired.

A

$15,000 Reduction for Deaf or severely hearing impaired

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4
Q

$ Max fine per violation on Lead paint disclosure.

A

$11,000 Fine per violation on lead paint disclosure.

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5
Q

$ Fine for unlawful practice.

A

$10,000 Fine or amount of gain whichever is greater for unlawful practice.

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6
Q

Feet in a mile?

A

5,280 feet= 1 mile

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7
Q

Max fine imposed by NHREC per violation.

A

$2,000 per violation

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8
Q

Acres in 1 square Mile

A

640 Acres = 1 Square Mile

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9
Q

feet from Dwelling there will be no open wells without 3 foot high fence.

A

500 feet from Dwelling

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10
Q

feet from Driveway where no open wells without 3 foot high fence.

A

200 Feet from Driveway

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11
Q

feet from Waterfront that requires site inspection, prior to transfer

A

200 feet from Waterfront

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12
Q

Days to File NH Fair Housing Complaints after alleged Act?

A

180 Days after alleged act

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13
Q

% Revenue to operating costs the NHREC must bring in?

A

125% of Revenue

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14
Q

of days to file material man’s or mechanic’s lien?

A

120 days to File Lien

1 year to file Court Action

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15
Q

Security Deposit

A

$100 or 1 month rent whichever is greater

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16
Q

What is Valuable Consideration?

A

$100

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17
Q

Days Notice to tenant or Manufactured home park of proposed rule changes

A

90 Days notice

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18
Q

of days to report record of well completion to DES

A

90 Days

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19
Q

Foot Radius from lot lines and septic systems for well head

A

72 foot radius

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20
Q

Definition of a child by EPA?

A

72 months or younger

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21
Q

What are the occupancy rules for Housing Older people?

A

55+ for 80% Occupancy

62+ for 100% Occupancy

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22
Q

Days notice for any eviction, change in rent, change in rules, repair of damages to mobile home parks?

A

60 Days

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23
Q

day notice if mobile park is to be sold?

A

60 Day notice

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24
Q

What is the late fee for a lapsed real estate liscense?

A

$60 late fee

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25
Q

Standards Veteran’s Tax Credit in NH

A

$50 Standard tax Credit

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26
Q

Days for the buyer to purchase flood insurance before the lender will purchase it on their behalf and charge it back to the borrower.

A

45 Days to purchase flood insurance

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27
Q

% Ratio for VA Loans

A

41%

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28
Q

Principal Meridians in US

A

37 Principal Meridians

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29
Q

% Ratio for housing and long term debt for conventional loan?

A

36% Ratio

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30
Q

Days to appeal to superior Court

A

30 Days

31
Q

Days after execution of written lease to deliver a copy of lease to lessee?

A

30 Days

32
Q

of days to return Security Deposit after tenant vacates?

A

30 days

33
Q

of days to appeal to superior court on NHREC hearing decisions?

A

30 Days

34
Q

days to return Escrow money due?

A

30 days

35
Q

of month’s to vacate due to the condemnation or change in the use of the mobile parks land?

A

18 Months to Vacate

36
Q

% Ratio for FHA Loans

A

29% Ratio

37
Q

% Ratio for housing alone in conventional loans?

A

28% Ratio

38
Q

Dollar returned check fee

A

$25 or 5% whichever is greater

39
Q

Hours to notice tenants?

A

24 Hours or reasonable amount of time

40
Q

Minimum amount of transfer tax charges (sale under $4,000)?

A

$20 Minimum transfer tax charge

41
Q

of Dollars per thousand of real estate transfer tax stamps?

A

15 Dollars per thousand

  • 7.5=Buyer
  • 7.5=Seller
42
Q

of hours for continuing education in NH?

A

15 Hours Every 2 years

  • 3 Core
  • 12 Elective
43
Q

How many days for a landlord to correct/ repair health and safety Issues?

A

14 Days to Fix

44
Q

How many days for the NHREC to inform a Licensee of a scheduled hearing?

A

14 Days

45
Q

hours of Electives required to renew license?

A

12 Elective classes

46
Q

of days to inform NHREC if you change your name, mailing address or company affilation?

A

10 Days to inform NHREC

47
Q

% Meals and Rooms tax in NH

A

9%

48
Q

Dollars per thousand of Real Estate Transfer Tax Stamps paid by both seller and buyer

A

$7.50 Dollars per thousand

49
Q

How many days before disposing of any tenants belongings after tenant vacates?

A

7 Days

50
Q

How many years at a minimum must a lease be recorded at registry?

A

7 years or More

51
Q

How many years a resident must you be to sit on the NHREC?

A

6 Years a NH Resident

52
Q

How many days for a principal broker to return a license to NHREC after change of company affiliation?

A

5 Days

53
Q

How many years during a term for members of the NHREC?

A

Members have a 5 year term

54
Q

Number of meeting of the NHREC per year?

A

Minimum 4 meeting per year

55
Q

How many years can a tenant request interest earned on security deposit?

A

3 years 30 days

56
Q

How many months rent maximum can mobile home parks charge for entrance fee?

A

3 Months rent

57
Q

How many years must all agency disclosure forms be retained?

A

3 Years

58
Q

How many Core hours are required to renew a license?

A

3 Core hours

59
Q

How many members must be present from the NHREC to hold a hearing on a complaint?

A

3 members of the NHREC

60
Q

What makes up a Manufactured housing park?

A

2 or more mobile homes

61
Q

How many lots create a subdivision?

A

2 Lots

62
Q

How many terms can a NHRE commissioner sit consecutively?

A

2 terms

63
Q

How many years to file Federal Fair Housing Complaints?

A

2 Years

64
Q

How many years to renew License?

A

2 years

65
Q

What is 1 square mile?

A

640 Acres

66
Q

What is 1 section?

A

640 Acres

67
Q

How many times at a minimum must a condominium owner’s association meet per year?

A

Minimum 1 time per year

68
Q

How many years do you have to file HUD Fair Housing Complaints?

A

1 year

69
Q

How many years to appoint a branch manager in case of death, disability or change of affiliation?

A

1 year

70
Q

How many feet are in a Rod?

A

16.5 feet= 1 Rod

71
Q

How many square miles in a township?

A

36 Square miles= 1 township

72
Q

How many sections in a township?

A

36 sections = 1 township

73
Q

Capital gains tax deduction for married couple?

A

$500,000 with primary residence 2 for the last 5 years

74
Q

Capital gains tax deduction for a single person?

A

$250,000 with primary residence 2 of the last 5 years.

75
Q

Amount of Homestead rights in bankruptcy?

A

100,000

AMP Real Estate Exam (7 decks)

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