§ 331-A:10 — Qualifications for Licensure

I. The office shall issue a salesperson's license to any applicant who:
(a) Has attained the age of 18;
(b) Has successfully completed an examination administered or approved by the commission which demonstrates satisfactory knowledge and understanding of the principles of real estate practice. The executive director shall only accept for licensure, an applicant who shows proof of completion of 40 hours of approved study which shall have been completed prior to the date of the applicant's examination;
(c) Demonstrates no record of unprofessional conduct;
(d) Furnishes any evidence required by the commission relative to good reputation for honesty, trustworthiness, and integrity; and
(e) Complies with the criminal records check under RSA 331-A:10-a.
II. The office shall issue a broker's license to any applicant who:
(a) Has attained the age of 18;
(b) Has successfully completed an examination administered or approved by the commission which demonstrates satisfactory knowledge and understanding of the principles of real estate practice. The office shall only accept for licensure, an applicant who shows proof of completion of 60 hours of approved study which shall have been completed prior to the date of the applicant's examination;
(c)(1) Has been employed full time by an active principal broker for at least one year within 5 years of the date of application; or
(2) Has at least 2,000 part-time hours as a licensed salesperson in this state within 5 years of the date of application; or
(3) Proves to the office, based on criteria provided by the commission, that the applicant has experience equivalent to the experience required by subparagraph (c)(1) or (c)(2);
(d) Demonstrates no record of unprofessional conduct;
(e) Furnishes any evidence required by the commission relative to good reputation for honesty, trustworthiness, and integrity;
(f) For a broker acting as a principal broker or a managing broker, but excluding associate brokers or a corporation, partnership, limited liability company, or association, files a surety bond with the office which shall be held in accordance with RSA 331-A:14;
(g) Submits evidence of at least 6 separate real estate transactions in which the applicant was actively involved and was compensated or proves to the office, based on criteria set by the commission, that the applicant has equivalent experience in accordance with rules adopted pursuant to 541-A; and
(h) Complies with the criminal records check under RSA 331-A:10-a.

Legislative History

1993, 348:1. 2000, 311:4. 2003, 268:2. 2004, 227:2, 3. 2005, 286:6, 7. 2008, 34:2. 2015, 276:60, 61, eff. July 1, 2015. 2024, 327:241, eff. July 1, 2024.