N.H. Code Admin. R. Rea 404.02 – Amendments

(a) Each licensee and firm shall at all times keep the commission informed of the licensee’s or firm’s current resident address, mailing address, email address, contact phone number(s), work location address, legal name, or trade names.
(b) Any such changes in the information listed in (a) above shall be reported, in writing or electronically, to the commission no later than 10 days after the change by:
1. (1) Submitting changes to their residential address, personal phone number, or email address, by logging into the commission’s online portal and entering the updated information;
2. (2) Submitting a “Real Estate Commission Transfer/Activation Form”, revised 7/2022, along with the following:
  1. a. A completed “Real Estate Commision Transfer/Activation Form” shall be submitted and include the following:
    1. 1. The fee pursuant to Rea 301.02;
    2. 2. 12 hours of elective education, if applicable;
    3. 3. For principal and managing brokers evidence of not less than a $25,000.00 surety bond; and
    4. 4. If the principal broker is changing include the original wall license with the “Real Estate Commission Deactivation of an Active License Form” revised 7/2022.
  2. b. A statement followed by the principal broker’s signature:
    “Upon receipt of the license herein applied for, the above named applicant will be employed by me or will otherwise be under contract with me to perform services as a real estate licensee and will work under my supervision. I will display broker or salespersons license prominently at my place of business, and when the broker or salesperson leaves my employ I will notify the New Hampshire Real Estate Commission within 5 days, as required by RSA 331-A:17, IV.”
3. (3) The principal broker submitting a “Real Estate Commission Change of Managing Broker of Branch Office Form,” revised 7/2022 shall submit the following with the form:
  1. a. The original firm wall license;
  2. b. An amendment fee in the amount of $20.00; and
  3. c. The original wall license and pocket card of both the old and new managing broker. If the wall license or pocket card is not available, the individual shall submit an explanation as to its unavailability;
4. (4) Individuals submitting the “Real Estate Commission Change of Principal Broker of Firm, Firm Branch, or Trade Name,” revised 7/2022 shall submit the following with the form:
  1. a. The original firm wall license;
  2. b. An amendment fee in the amount of $20.00; and
  3. c. The original wall license and pocket card of both the old and new managing broker. If the wall license or pocket card is not available, the principal brokers shall submit an explanation as to its unavailability;
5. (5) Principal brokers submitting the “Real Estate Commission Deactivation of an Active License Form” revised 7/2022 shall submit with the form the licensee’s original wall license and pocket card. If the wall license or pocket card is not available, the principal broker shall submit an explanation as to its unavailability. If the licensee gives the principal broker permission the principal broker shall check the box next to the statement “I am giving my permission for my personal address and email to be released as part of public records request.”;
6. (6) Individuals submitting the “Real Estate Commission Change of Broker Status Form” revised 7/2022 shall submit the following along with the form:
  1. a. If there is a change from a broker license type to another, the individual’s wall license and pocket card;
  2. b. For principal and managing brokers, proof of a surety bond in the sum of not less than $25,000 to run concurrently with the dates of licensure, executed by the individual and by a surety company authorized to do business in the state of New Hampshire; and
  3. c. The “Real Estate Commission Transfer/Activation Form” revised 7/2022.
(c) Whenever a salesperson, associate broker, or managing broker changes their affiliation from one principal broker to another, or ceases to represent a principal broker, the principal broker shall notify the commission, in writing, no later than 5 business days after the change along with the appropriate form described in (b) above.
(d) The fee described in Rea 301.02(c) shall be submitted for any changes listed in (a) through (c) above that require the salesperson, broker, firm, or firm branch license to be amended.
(e) Should a broker or salesperson change their status to nonresident broker or salesperson, she or he shall file an “Real Estate Commission Irrevocable Uniform Consent to Service of Process” dated 5/2022 authorizing the commission to act as specified in RSA 331-A:22.

Source. #2130, eff 8-30-82; ss by #2847, eff 9-19-84, EXPIRED: 9-19-90 New. #5075, eff 2-21-91; ss by #5573, eff 2-11-93, EXPIRED: 2-11-99 New. #7163, INTERIM, eff 12-18-99, EXPIRED: 4-16-00 New. #7265, eff 5-6-00; EXPIRED: 5-6-08 New. #9202, INTERIM, eff 7-16-08; ss by #9301, eff 10-22-08, EXPIRED: 10-22-16 New. #12067, INTERIM, eff 12-21-16, EXPIRES: 6-19-17; ss by #12213, eff 6-18-17; ss by #12977-B, eff 1-23-20; ss by #13464, eff 12-17-22