Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of New Hampshire or anyone looking to become a real estate agent or realtor in New Hampshire. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more..
The
New Hampshire Real Estate
Commission, a state agency, aims at protecting consumers involved with the
real estate industry. The main office of the Commission is in Concord and there
are approximately 12,000 real estate licenses in the state, including both active
and inactive ones.
The requirements for a
real estate salesperson license in New Hampshire include being at least 18 years of
age and having completed at least 40 hours of approved real estate courses before applying. Salesperson applicants
need to provide a signed statement from the real estate broker they will be affiliated with, stating that the applicant
is of good moral character and is trustworthy. Applicants must have no record of unprofessional conduct.
The requirements for a
real estate broker license in New Hampshire include being at least 18 years of age and having
at least one year full-time, or 2000 hours part-time, active experience as a real estate salesperson. Under some circumstances,
the Commission will accept an experience equivalent. Broker license applicants are required to successfully complete 60 hours
of approved real estate education courses. All active applicants need to submit a Surety Bond for at least $25,000.
Inactive licenses do not need to provide the Surety Bond.
All applicants for a real estate license in New Hampshire need to provide proof of being trustworthy with
no undischarged court judgments against them, and they need to provide signed affidavits from three character references.
Salesperson and broker applicants need to successfully pass the
real state exams, and they need to either apply for
the license within six months of passing the examinations or else retake the exams. All active licensees must also successfully
complete nine hours of approved continuing education courses in order to renew their license. Inactive real estate agents
only need three hours of approved continuing education courses.
The approved
Real Estate Schools for Prelicensure and the names of the
approved
Continuing Education Real Estate Schools in New Hampshire may
be obtained from the Commission's
website.
The schools are located throughout the state.
The real estate examinations are conducted by Applied Measurement Professionals,
Inc. (
http://www.goamp.com)
and are available in three New Hampshire cities: Concord, Manchester and Portsmouth.
There are also centers in surrounding states that New Hampshire applicants may
use if they prefer.
The
renewal fee for a real estate salesperson is $70.00 and for
a real estate broker the renewal fee is $90.00. Real estate licenses in New Hampshire
are issued for a two year period and there is a six month grace period from the
expiration date in which to renew the license without having to retake the exams
and re-qualify for the license. However, there is a $50 penalty fee for not renewing
on time.
New Hampshire has reciprocity agreements with many states. Actively licensed agents from these states who are in good
standing in their home state are issued a New Hampshire license after taking only the New Hampshire law portion of
the real estate exams.
Most of the real estate forms need to be obtained from the Real Estate Commission.
However, the renewal license forms may be
downloaded
online.
Real estate careers are strengthened by membership in the many organizations that
provide services for the professional agent. Organizations like the
New
Hampshire Association of Realtors and the National Association of Real Estate
Brokers (
NAREB) assist many
in locating
real estate jobs within the industry. The Association of Real
Estate License Law Officials (
ARELLO)
and The National Association of Realtors (
NAR),
the world's largest professional association, are excellent resources for real
estate education and professional enrichment.
We also offer information and resources for New Hampshire Commercial Mortgage