N.H. Code Admin. R. Tra 1003.04 - Sale Process

(a) The real estate professional shall attempt to negotiate the highest sale price possible for the property. The real estate professional shall bring all offers forward to the department for consideration.

(b) When the department receives an offer that it plans to accept, as determined under Tra 1003.03(d) thru (f), the department's right-of-way administrator or designee shall have the authority to enter into purchase and sales agreements to sell the property. All purchase and sales agreements shall be subject to the approval of the Governor and Council.

(c) The department shall request approval from the Governor and Council to sell the property in accordance with the purchase and sales agreement. This request shall also ask for authorization to pay the real estate professional according to the terms outlined in the contract between the department and the real estate professional.

(d) After the department receives approval from the Governor and Council, the department shall schedule a closing, the property shall be transferred to the buyer, and the real estate professional shall be paid.

Notes

N.H. Code Admin. R. Tra 1003.04

#8536, INTERIM, eff 1-6-06, EXPIRED: 7-5-06

New. #10209, eff 10-23-12