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 at an approved real estate
school 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 registration fee for the salesperson examination is
$115 and the registration fee for the broker examination is $130.
The exams are provided through computer based testing,
twice daily, Monday through Friday at four different locations: Concord, Manchester,
Nashua, and Portsmouth. For additional information go to the website of the
testing company, Applied Measurement Professionals.
The renewal fee for a real estate salesperson is $80.00 and for a real estate broker
the renewal fee is $100.00. 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 $60 penalty fee for not renewing on time.
New Hampshire has reciprocity
agreements with five other states, which are: Massachusetts, Maine, Vermont,
Tennessee and Georgia. 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.