Rhode island law exam - Study guides, Class notes & Summaries

Real estate recovery act Dept of business regulation establishes this account Covers anyone aggrieved by an act, misrepresentation, transaction or conduct of a licensed real estate broker upon the grounds of fraud, misrepresentation or deceit may recover no more than 50000 per one license Can't be used to reimburse any broker or salesperson Agents pay a fee for the deposit in the real estate recovery fund when they first get their license Dec 31 of any year if the recovery fund is ...

Real estate recovery act Dept of business regulation establishes this account Covers anyone aggrieved by an act, misrepresentation, transaction or conduct of a licensed real estate broker upon the grounds of fraud, misrepresentation or deceit may recover no more than 50000 per one license Can't be used to reimburse any broker or salesperson Agents pay a fee for the deposit in the real estate recovery fund when they first get their license Dec 31 of any year if the recovery fund is ...

Rhode Island Law Exam For Real Estate

Commercial licensing regulation Promote the general welfare of the citizens of Rhode Island so that the public interest most effectively be served Clock hour at least fifty minutes of classroom instruction Promptly shall mean not more than 10 calendar days Principal broker 1. act in supervisory capacity for every real estate transaction 2. be responsible for the compliance of his or her affiliated licensees 3. responsible for the compliance of his or her non-licensed e...

Rhode Island Law Exam Study Guide for Real Estate Complete Solution Commercial licensing regulation Promote the general welfare of the citizens of Rhode Island so that the public interest most effectively be served Clock hour at least fifty minutes of classroom instruction Promptly shall mean not more than 10 calendar days Principal broker 1. act in supervisory capacity for every real estate transaction 2. be responsible for the compliance of his or her affiliated licensees 3...

A real estate licensee may have his/her license revoked for: A. listing for less than the standard commission. B. selling part-time. C. accepting compensation for brokerage services from someone other than the employing broker. D. changing employment from one broker to another. C Who must comply with the state license laws? A. A farmer who conveys his farm to his son. B. A person employed by a corporation specifically to arrange the financing of real estate transactions. C. A...

Rhode Island Law Exam Study Guide For Real Estate

Rhode Island law exam for real estate with complete solutions.

Clock hour at least fifty minutes of classroom instruction Promptly not more than 10 calendar days A Principal broker... 1. acts in a supervisory capacity for every real estate transaction, 2. is responsible for the compliance of his or her affiliated licensees, 3. is responsible for the compliance of his or her non-licensed employees, and 4. shall maintain an escrow account. What is the time period for re-examination for a salesperson or a broker for any failed exams?...

Rhode Island Law Exam Study Guide for Real Estate Complete Solution Commercial licensing regulation Promote the general welfare of the citizens of Rhode Island so that the public interest most effectively be served Clock hour at least fifty minutes of classroom instruction Promptly shall mean not more than 10 calendar days Principal broker 1. act in supervisory capacity for every real estate transaction 2. be responsible for the compliance of his or her affiliated licensees 3. responsibl...