N.H. Code Admin. R. Rea 101.01 - Terms Used in Rules

(a) All terms used in these rules shall have the same meaning as set forth in RSA 331-A:2 or as used elsewhere in RSA 331-A.
(b) "Client" means a person represented by a real estate licensee, engaged in an agency relationship.
(c) "Commission" means "commission" as defined in RSA 331-A:2, IV and the term includes alternates appointed, pursuant to RSA 331-A.
(d) "Commission administrator" means the staff member assigned to oversee administrative tasks of the commission, including but not limited to informal disposition pursuant to Rea 204.06.
(e) "Complaint" means to allege sufficient facts which, if true, would violate the real estate practice act or code of administrative rules adopted by the board.
(f) "Customer" means a person without representation by a licensee.
(g) "Firm" means any sole proprietorship, partnership, association, corporation, limited liability company, or other business association engaged in the sale or lease of real estate or which employs licensees under this chapter.
(h) "Kickback" means any commission, fee or other consideration, pursuant to RSA 331-A:26, XXI.
(i) "Rebate" means any commission, fee or other consideration, pursuant to RSA 331-A:26, XXI.
(j) "Trade name" means a name used by a person or firm to identify a business.
(k) "Valuable consideration" means anything of value exceeding $100.


N.H. Code Admin. R. Rea 101.01

#2130, eff 8-30-82; ss by #2847, eff 9-19-84, EXPIRED: 9-19-90

New. #5567, eff 2-11-93, EXPIRED: 2-11-99

New. #7160, INTERIM, eff 12-18-99, EXPIRED: 4-16-00

New. #7262, eff 5-6-00; ss by #7518, eff 6-28-01; ss by #8830, eff 5-1-07

Amended by Volume XXXVII Number 37, Filed September 14, 2017, Proposed by #12362, Effective 8/16/2017. Amended by Volume XL Number 7, Filed February 13, 2020, Proposed by #12977-B, Effective 1/23/2020, Expires 1/23/2020

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