How to Become a Real Estate Agent in New Hampshire

To become a real estate agent in New Hampshire, you must first be licensed by the New Hampshire Real Estate Commission. You must first complete the required education at an approved real estate school.

Here's what you need to know to become a real estate agent in New Hampshire:
1) Licensing Requirements
2) License Renewal and Continuing Education Requirements
3) What is a REALTOR®?
4) Income Potential
5) Real Estate Schools


How to Become a Real Estate Agent in New Hampshire

1) Real Estate Agent Licensing Requirements in New Hampshire
You MUST be licensed by the New Hampshire Real Estate Commission  in order to be a real estate agent in New Hampshire.

To obtain your New Hampshire real estate agent's license so that you can practice as a real estate agent in New Hampshire, you must:

i) Satisfy the minimum requirements requirements to apply to sit for the real estate exam:

ii) Submit a completed New Hampshire Real Estate Examination Registration Form along with:

iii) Upon receiving notification of your eligibility, Register, Take and pass the New Hampshire salesperson exam. The exam is 3.5 hours long with 100 questions for the national portion and 40 questions on the state portion. To pass, you'll need to answer at least 70% correctly on both portions.

iv) Complete and submit application for real estate license to the New Hampshire Real Estate Commission along with:

2) License Renewal and Continuing Education Requirements

The New Hampshire real estate salesperson license is valid for 2 years. To continue practicing as a real estate agent in New Hampshire, you must complete the required continuing education and pay the appropriate license renewal fees.

The continuing education requirement is 3 hours of core course and 6 hours of electives. There is a renewal fee of $70.

 

3) What is a REALTOR®?

A real estate agent is a REALTOR® when he or she pays an annual fee to be a member of the National Association of REALTORS® and subscribe to its Code of Ethics.

The agent generally join through the local board or association.

For example, in Bedford, NH once you have obtain your real estate license, you may pay a fee to join the GREATER MANCHESTER/NASHUA BOARD OF REALTORS®.

Joining the local board makes you a member of the NEW HAMPSHIRE ASSOCIATION OF REALTORS® and the National Association of REALTORS®.

All REALTORS® are real estate agents but not all real estate agents are REALTORS®.

 


4) Income Potential
Real estate agents are generally paid based on a percentage of the sales price. The seller may pay 4 to 7% of the sales price as the fee and that will usually be split 50/50 between the seller and buyer's broker.

In Portsmouth, NH, the 2004 median home price is approximately $387,000. Assume that the fee is 6%, the buyer's and seller's broker is each paid 3% or $11610.

This fee is then split further between the broker and agent. Generally, for starting agents, the split is 50/50. So in this case, the agent will end up receiving $5805 for the transaction.

There is no limit as to how much an agent can make in a year - the sky's the limit.

Based on Portsmouth's median home price and the above example, a real estate agent in New Hampshire can make about $58,050/year by selling 10 houses a year. By selling one house per week, the real estate agent in New Hampshire will have a salary of $301,860.


5) Real Estate Schools

The first step to becoming a real estate agent in New Hampshire is to take the required classes at an approved real estate school. School status may change so it is best to call the New Hampshire Real Estate Commission at 603.271.2701 prior to signing up for a class.

Below are some real estate schools in cities like Bedford, Portsmouth, Rochester, Manchester, Hanover in New Hampshire that are currently approved by the New Hampshire Real Estate Commission.

 

Real Estate Schools in New Hampshire:

COURSE PROVIDER  CLASS LOCATIONS TELEPHONE NUMBERS
ARTEMIS BOWEN, INC. PLAISTOW TEL:   603-382-4090
   
BARRY SCHOOL OF REAL ESTATE STATEWIDE  TEL: 603-753-0070
CARLSON GMAC LICENSE SCHOOL BEDFORD TEL:  800-892-9444
   
CENTRAL NH SCHOOL OF REAL ESTATE LACONIA TEL:  603-286-4114
   
CHARLINE MASON SEMINARS UNLIMITED PORTSMOUTH, HAMPSTEAD, ROCHESTER, LACONIA TEL:  603-772-1400
CORE KNOWLEDGE REAL ESTATE SCHOOL CONCORD, STRATHAM, BEDFORD TEL:   603-225-7654
ELENZ KATZ REAL ESTATE SCHOOL CHESTER TEL:  603-382-5103
   
J. DAVID CARMODY SALEM TEL:  603-329-6439
   
KATHY ROOSA SCHOOL OF REAL ESTATE APPROVAL   MANCHESTER &  NO. LONDONDERRY TEL:  603-595-0418
KENNETH A. DESCHUITENEER MANCHESTER TEL:  603-668-6900
   
LEVINS & ASSOCIATES CONCORD &   MANCHESTER TEL:  603-629-0056
   
NEAL BARRETT NASHUA TEL:  603-930-9671
   
NH COMMUNITY TECHNICAL COLLEGE - BERLIN BERLIN TEL: 603-752-1113
NH COMMUNITY TECHNICAL COLLEGE - CLAREMONT APPROVAL #P026 CLAREMONT TEL: 603-542-7744
NH COMMUNITY TECHNICAL COLLEGE - MANCHESTER MANCHESTER, DERR TEL: 603-668-6706 EXT. 302
NH TECHNICAL INSTITUTE - CONCORD CONCORD TEL:  603-271-7122
   
PLAISTOW TEL:   603-382-4545
   
TERRY  O'DONNELL'S REAL ESTATE SCHOOL KEENE TEL:   603-357-2121
   
THE REAL ESTATE CAREER   CENTER CONCORD & NASHUA TEL:  603-320-5265
UNIVERSITY OF NEW HAMPSHIRE DURHAM TEL:  603-431-2515
VT/NH REAL ESTATE EDUCATORS  WEST LEBANON, CLAREMONT, LITTLETON & BERLIN TEL:  802-333-3683
WINN ASSOCIATES REAL ESTATE EDUCATION  LITTLETON TEL:  603-444-7781
WORKSHOPS FOR MODERN REAL ESTATE KEENE, CLAREMONT, HANOVER, LEBANON TEL:   603-352-7884

 

 

Also check out information on how to become a real estate appraiser in New Hampshire

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Read about other real estate careers in new Hampshire:

 

 

 

 

 

 

 

 

 

 

 

Read some of the best real estate books out there to prepare yourself for your new career: