State Codes and Statutes
Statutes > New-hampshire > TITLEXXX > CHAPTER331-A > 331-A-22-a
I. No broker licensed in another jurisdiction shall list, offer, attempt, or agree to list real estate in this state for sale or lease unless the broker has acquired a license pursuant to RSA 331-A:22.
II. A broker licensed in another jurisdiction representing a buyer or tenant wherein the broker is not licensed under this chapter, may be actively involved in a real estate transaction in this state only if the broker has entered into a cooperative brokerage agreement with a broker licensed under this chapter who shall represent the buyer or tenant according to this chapter.
III. No broker licensed in another jurisdiction who is not licensed under this chapter may act as a broker with a buyer or tenant unless the broker is working on behalf of and under the license of a broker licensed under this chapter.
IV. The commission shall adopt rules pursuant to RSA 541-A relative to cooperative brokerage agreements under this section. Such rules shall include:
(a) The form and content of a cooperative brokerage agreement.
(b) The length of time an agreement may be effective.
(c) The procedure for extension or early termination of an agreement.
(d) Any fees which may be associated with a cooperative brokerage agreement.
(e) The penalty, in addition to any other penalty under this chapter, for violation of the rules concerning cooperative brokerage agreements, and the procedure to appeal the commission's ruling.
(f) Any other matter necessary for the implementation and administration of this section.
Source. 1999, 257:1, eff. Sept. 7, 1999. 2005, 286:16, eff. July 1, 2005.
