New Hampshire State Real Estate Practice Exam

What should a real estate salesperson do if asked to secure a mortgage for clients?

Refer them if they have a buyer agency agreement

Refer them if she discloses the referral fee

Refer them if the lender has great interest rates

Decline to make the referral

When a real estate salesperson is asked to secure a mortgage for clients, the appropriate action is to decline to make the referral. In New Hampshire, real estate salespersons are not licensed to provide mortgage services or negotiate loans. Engaging in such activities could be seen as practicing in a field beyond their legal scope, which can lead to legal consequences for both the agent and the clients.

The role of a real estate salesperson is primarily focused on facilitating transactions related to buying and selling property, and this does not extend to handling mortgage loans. It's essential for salespersons to adhere to the regulations governing their profession, ensuring they operate within the limits of their licenses. Instead of attempting to secure mortgages, salespersons should guide clients to qualified mortgage professionals or lenders who can provide the necessary expertise in financing options. This ensures compliance with legal standards and promotes the best interests of the clients.