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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
- Desirability of location
- Market fluctuation
- Financing options
- Home inspection results
estate transactions?
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
- Offer
- Acceptance
- Consideration
- Notarization
legally binding contract?
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
- Oral contract
- Implied contract
- Bilateral contract
- Executory contract
by law?
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
- Confidentiality of financial status
- Fairness in negotiation
- Disregard for local laws
- Exclusivity of client representation
Realtors uphold?
Correct ANS: B) Fairness in negotiation
- What is the primary responsibility of a buyer's agent?
- To represent the seller’s interests
