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Real Estate Salesperson Exam — National Portion

Escrow (NH): practice questions

Our Real Estate (National) bank has 6 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · New Hampshire

In New Hampshire's release process, how long do parties have to act after the certified letter is mailed?

  1. 10 days
  2. 30 days
  3. 60 days
  4. 90 days
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C. 60 days — RSA 331-A:13, VI.

Question 2 · New Hampshire

How often must New Hampshire trust account records be reconciled?

  1. Daily
  2. Monthly
  3. Quarterly
  4. Yearly
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B. Monthly — RSA 331-A:26, VIII.

Question 3 · New Hampshire

Where must a New Hampshire principal broker keep escrow accounts?

  1. Any FDIC-insured bank nationwide
  2. An insured New Hampshire bank
  3. The broker's office safe
  4. With the buyer's lender
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B. An insured New Hampshire bank — RSA 331-A:13, I.

Question 4 · New Hampshire

Unless agreed otherwise, to whom does interest on a New Hampshire escrow deposit accrue?

  1. The broker, as a handling fee
  2. The depositor
  3. The seller
  4. The state
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B. The depositor — RSA 331-A:13, II.

Question 5 · New Hampshire

May a New Hampshire broker write checks against uncollected contract deposits?

  1. Yes
  2. No
  3. Only for small amounts
  4. Only with the seller's OK
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B. No — RSA 331-A:13, III.

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