Who is obligated to obtain a broker's bond in New Hampshire?

In New Hampshire, the obligation to obtain a broker's bond lies with both resident and non-resident principal and managing brokers. This requirement is in place to ensure that brokers have a financial backing that can be accessed in the event of misconduct or failure to manage funds properly.

The broker's bond acts as a form of consumer protection, providing a mechanism for clients to recover losses resulting from the broker's negligence or unethical behavior. This requirement emphasizes the accountability of those at the highest levels of brokerage management, ensuring that they adhere to ethical standards and regulations associated with real estate practices.

The other choices include variations of license types that may not capture the full scope required by the state's regulations. For instance, while corporate and partnership broker licensees may need to fulfill certain obligations, emphasizing only individual or resident licenses does not align with the broader requirement that includes both managing and principal brokers regardless of their residency status.