In New Hampshire, who needs to be a licensed real estate broker?

A person managing property for multiple owners must be a licensed real estate broker in New Hampshire because they are engaged in activities that involve the management of real estate on behalf of others, which is considered a broker's role. This involves handling financial transactions, negotiating leases or sales agreements, and performing various managerial duties. The state requires that individuals performing these functions are properly licensed to ensure that they adhere to regulatory standards that protect property owners and tenants.

Property management for multiple owners entails a range of responsibilities that can impact financial outcomes and legal standing. Licensing ensures that the property manager is knowledgeable about real estate laws, ethical practices, and market conditions, which ultimately helps to safeguard the interests of those who own the property.

In contrast, the other options involve scenarios where licensed brokerage is not necessary. An attorney acting under a power of attorney is operating within their legal capacity and specific terms of the power granted, which does not require a real estate license. A resident apartment manager working as a salaried employee is typically under the direct employment of a property owner or management company and therefore does not need a license to fulfill their duties within that role. Similarly, a partnership selling a building owned by them would fall under private transaction rules, as they are selling their own property instead