Broker Licensed Real Estate Exam Prep – Rhode Island Law

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About Course

Are you preparing to pass the Rhode Island Real Estate Exam? This comprehensive course focuses on the Rhode Island Law portion of the exam, providing you with the knowledge and confidence you need to succeed.

Designed for aspiring real estate professionals, this course covers all key topics, including:

  • Duties and Obligations Under Licensing Law: Understand the powers of the Department of Business Regulation and the Rhode Island Real Estate Commission.

 

  • Licensing Requirements: Learn what activities require a license, renewal processes, and eligibility criteria.

 

  • Statutory Requirements for Licensees: Master essential topics like advertising, disclosures, handling monies, and avoiding unfair practices.

 

  • Additional Topics: Gain insights into the Rhode Island Fair Housing Practices Act, Cesspool Act, Landlord-Tenant laws, and more.
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You’ll benefit from:

  • Interactive Practice Questions: Reinforce your knowledge with quizzes tailored to exam content.

This course is your ultimate resource for passing the Rhode Island Law section with confidence.

Enroll now and take the first step toward your real estate career!

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Course Content

Powers and authority of the Department of Business Regulation
The Duties and Obligations Under Licensing Law section focuses on the legal framework governing real estate professionals in Rhode Island. It highlights the roles and responsibilities of key regulatory bodies and the ethical and professional standards licensees must adhere to. This section ensures real estate practitioners operate within the law while safeguarding consumer interests.

  • Duties and Obligations Under Licensing Law

Rhode Island Real Estate Commission
The Rhode Island Real Estate Commission is an advisory body that works closely with the Department of Business Regulation (DBR) to ensure the integrity and professionalism of the real estate industry in Rhode Island. It focuses on maintaining educational standards, providing policy recommendations, and reviewing disciplinary cases.

Activities Requiring a Real Estate License
In Rhode Island, engaging in real estate activities such as listing, marketing, selling, or leasing properties for compensation requires a valid real estate license. Exceptions include individuals managing or selling their own property. The purpose of licensure is to ensure professionalism, ethical practices, and consumer protection in real estate transactions.

Status of license
1. Transfer, renewal, lapsed 2. Continuing Education

Eligibility for Licensing

Real Estate Recovery Account

Errors and Omissions (E&O) Insurance

Other Requirements

Advertising

Broker/salesperson relationship

Commissions

Disclosure

Handling of documents

Handling of monies

Listings and purchase and sales agreements

Unfair inducements

Unauthorized practice of law

. General obligations of licensees

Fair Housing Practice Act RIGL 34-37-1

Landlord-Tenant Law RIGL 34-18-1

Agricultural Functions of Department of Environmental Management RIGL 2-1-5 to 2-1-27

Fire Safety Code – General Provisions RIGL 23-28.1

Onsite Wastewater Treatment System (OWTS) RIGL 5-20.8-2

Cesspool Act RIGL 23-19.15

Sale of Real Property by Non-residentsWithholding Requirements RIGL 44-30-71.3

Lead Disclosure 216-RICR-50-15-3

Real Estate Sales Disclosure RIGL 5-20.8

Condominium Sales RIGL 34-36-1.1

Relationships in Residential Real Estate Transactions RIGL 5-20.6

Place of business

Office Policies & Procedures
1. Record keeping 2. Broker Supervision 3. Additional responsibilities

Commingling

Escrow accounts

License required for ownership RIGL 5-20.5-27

Investigations, hearings, and appeals

Sanctions

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