Download NH Test Part 8 - NH Principles and Practice exam questions and answers.docx and more Exams Biology in PDF only on Docsity! NH Test Part 8 - NH Principles and Practice exam questions and answers 1. New Hampshire wishes to widen a highway between Plymouth and Concord. The state exercises it's right of eminent domain and takes a portion of a property through condemnation proceedings. The real estate transfer tax for the conveyance to the state would be: A. One half the usual real estate transfer tax of $.75 per hundred per side B. The same as a regular transfer of real estate, but the cost is borne by the state C. $250, regardless of the amount of consideration for the condemned property D. Zero - answer Answer: zero 2. The Americans with Disabilities Act covers: A. only school buildings B. all dwellings built after 1978 C. places of public accommodation D. only buildings owned by the Federal Government and overseen by Housing and Urban Development - answer Answer: places of public accommodation 3. The Real Estate Settlement Procedures Act applies in which of these cases A. all residential and commercial financing B. financing of 1-4 family residences C. first mortgages on single family homes only D. home inspectors and appraisers - answer Answer: financing of 1-4 family residences B. When the tenant requests them C. At any time during the rental agreement D. At the time the tenant enters into the rental agreement or at the time the rules or regulations are adopted - answer Answer: At the time the tenant enters into the rental agreement or at the time the rules or regulations are adopted 9. A tenant moved a new manufactured housing unit into a park. Regarding the security deposit, the park owner may: A. Charge an entrance fee of no more than two months rent B. Require a non-refundable entrance fee of no more than three months rent in addition to a security deposit of no more than one months rent C. Require skirting on the unit be purchased from a specific manufactured housing supply company D. Require a deposit of three months rent in case the tenant damages the private septic system and underground utilities - answer Answer: Require a non-refundable entrance fee of no more than three months rent in addition to a security deposit of no more than one months rent 10. A tenant receives a proprietary lease through the purchase of stock in a corporation that owns the building. The tenant lives in a(n): A. Apartment building B. Cooperative C. Condo D. Time Share - answer Answer: Cooperative 11. How may title to real estate by transferred? A. Descent and distribution B. Foreclosure C. Delivery of the deed D. All of the above. - answer Answer: All of the above 12. The commissioner of which department is responsible for adoption of primary drinking water standards and drinking water rules in the state of New Hampshire? A. Department of Well Drilling & Aquifers B. Department of Environmental Services C. Department of Public Wells & Community Water Supplies D. Environmental Protection Agency - answer Answer: Department of Environmental Services 13. A child has been admitted into the hospital with elevated lead in their body, over 10 micrograms per deciliter. The Department of Health and Human Services has conducted a lead paint test in a child's dwelling and child care facility and the test indicates there is lead. The department may issue: A. An order of lead hazard reduction to the owner of the rental unit or childcare facility B. A notification of lead hazards to the owner of the rental unit or childcare facility C. A demand to abate to the owner of the building where the child was contaminated with lead D. An order of lead hazard reduction to the parents in an owner occupied building - answer Answer: An order of lead hazard reduction to the owner of the rental unit or childcare facility 17. The owner of a newly purchased residential property wishes to raise horses. There is a marsh in the area where he wishes to build the barn. The owner fills in about 100 feet of the marsh, but does not touch the beaver dam which he believes caused the marshland in the first place, and builds a barn. The owner: A. can fill the marsh in completely as he believes that it was caused by overflow of water caused by the beaver dam B. is in violation of the law if he did not get the required permits and may be required to remove the building and the fill C. was not in violation as long as he did not destroy the beaver dam and also placed a retaining wall so there would be no more encroachment of the marshland D. can do this because marshland is not considered wetland and no permits are required to fill - answer Answer: is in violation of the law if he did not get the required permits and may be required to remove the building and the fill 18. The purpose of planning and zoning in the state of New Hampshire includes all of the following except: A. helping to meet the demands of growing and evolving communities B. discouraging low and moderate income housing, thereby creating higher taxes and more revenue C. not discouraging home based day care D. encouraging the appropriate and wise use of the land - answer Answer: discouraging low and moderate income housing, thereby creating higher taxes and more revenue 19. A broker listed a water view property consisting of six acres and a seasonal cottage situated in a very remote area. Although the property is not right on the water and has no access to the water, it has a beautiful view of a very large lake about 175 feet away. A buyer decides to offer full asking price. Regarding the site assessment: A. needs to be sure that the buyer signs a copy of the site assessment prior to signing the purchase and sales agreement B. is required to do nothing. A site assessment is not required when a property is not located on the water C. must ask the local building inspector to perform a site assessment for the seller D. must tell the seller to have the site assessment performed prior to the closing so it will be available at the closing for the buyer - answer Answer: needs to be sure that the buyer signs a copy of the site assessment prior to signing the purchase and sales agreement 20. A housing discrimination charge must be filed with the New Hampshire Human Rights Commission within A. 6 months of the date of discovery B. 180 days after the alleged discriminatory act C. 2 years D. 30 days - answer Answer; 180 days after the alleged discriminatory act 21. A salesperson engaged in activities that constitute violations of the New Hampshire Human A. 2 B. 3 C. 4 D. 10 - answer Answer: 2 25. In New Hampshire, time-share refers to: A. the exclusive right to occupy one or more units for less than 60 days each year for a period of more than 5 years B. the exclusive right to use for a period not to exceed 20 years C. weekly intervals of time in an unlimited amount of time per year of ownership D. monthly intervals of time designated by a leasehold estate - answer Answer: the exclusive right to occupy one or more units for less than 60 days each year for a period of more than 5 years 26. A buyer cancels the sales agreement for the purchase of a new condominium within the allotted time allowed by law. What happens to the buyer's earnest money deposit A. the declarant or the agent of the declarant must return the deposit in full within seven days B. the earnest money must be returned within ten days from the receipt of notification to cancel C. the buyer is allowed to cancel the contract; however, the 10 percent penalty incurred for cancellation will be deducted from the earnest money depost D. the buyer has the right to cancel and receive the earnest money in full within 30 days - answer Answer: the earnest money must be returned within ten days from the receipt of notification to cancel 27. A buyer makes an offer to purchase a newly built condominium. The builder accepts the offer. Two weeks later, the buyer is given a copy of the public offering statement. The buyer is concerned about some of the information and wants to back out of the contract two days after receiving and reading the statement. At this point, the buyer: A. has five days from the receipt of the public offering statement to cancel the contract B. cannot back out of the contract, as he must have done this within five days of signing the contract C. is entitled to cancellation privileges of three days from the execution of the contract for purchase D. has five days from the public offering statement to cancel the contract; however, he is not entitled to the return of the earnest money deposit - answer Answer: has five days from the receipt of the public offering statement to cancel the contract