New Hampshire Revised Statutes 447-A:1 – Definitions
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In this chapter:
I. “Commercial real estate” means any real estate other than real estate containing one to 4 residential units.
II. “Principal broker” means the individual broker, including the broker designated by a corporation, partnership or association, whom the New Hampshire real estate commission holds responsible for the action of licensees who are assigned to such individual broker.
III. “Real estate” means and includes leaseholds or any other interests or estates in land and business opportunities which involve any interest in real estate. It also includes the sale and resale of time-share developments and manufactured housing parks.
I. “Commercial real estate” means any real estate other than real estate containing one to 4 residential units.
Terms Used In New Hampshire Revised Statutes 447-A:1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- real estate: shall include lands, tenements, and hereditaments, and all rights thereto and interests therein. See New Hampshire Revised Statutes 21:21
II. “Principal broker” means the individual broker, including the broker designated by a corporation, partnership or association, whom the New Hampshire real estate commission holds responsible for the action of licensees who are assigned to such individual broker.
III. “Real estate” means and includes leaseholds or any other interests or estates in land and business opportunities which involve any interest in real estate. It also includes the sale and resale of time-share developments and manufactured housing parks.