Can a person who has not yet obtained a real estate license collect a commission in NH for a sale agreed upon before passing their exam?

In New Hampshire, as in many other states, the law mandates that only individuals who hold a valid real estate license can legally collect commissions on real estate transactions. This requirement is in place to ensure that only those who have demonstrated their knowledge and competence through the completion of coursework and passing a licensing exam are engaged in real estate brokerage activities.

The option stating that only licensed brokers can collect commissions emphasizes the necessity of having a license to engage effectively and legally in the profession. This regulation protects the interests of both consumers and the integrity of the real estate market by ensuring that agents are knowledgeable about the laws and practices involved in real estate transactions.

While there may be various prerequisites or conditions under which other activities may be carried out in the field of real estate, the collection of commissions is strictly regulated. This is crucial to prevent unauthorized individuals from acting as brokers or agents, which could lead to unethical practices or legal complications.