N.H. Code Admin. R. Rea 701.02 - Licensee's Duty to a Prospective Buyer

A licensee shall disclose to a prospective buyer or tenant any material physical, regulatory, mechanical, or on-site environmental condition affecting the subject property of which the licensee has actual knowledge. Such disclosure shall occur any time prior to the time the buyer or tenant makes a written offer to purchase or lease the subject property. This shall not create an affirmative obligation on the part of the licensee to investigate material defects.


N.H. Code Admin. R. Rea 701.02

#5077, eff 6-1-91; rpld by #5207, eff 8-22-91; ss by #5336, eff 6-1-92; ss and moved by #5576, eff 2-11-93 (from Rea 701.04 ), EXPIRED: 2-11-99

New. #7164, INTERIM, eff 12-18-99, EXPIRED: 4-16-00

New. #7267, eff 5-6-00; ss by #7522, eff 6-28-01; ss by #9301, eff 10-22-08

Amended by Volume XXXVII Number 28, Filed July 13, 2017, Proposed by #12213, Effective 6/18/2017, Expires 6/18/2027.

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