RI law test questions with correct answers
Associate Broker - CORRECT ANSWER✔✔-any licensed real estate broker
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employed or engaged as an independent contractor by or in behalf of a licensed
| | | | | | | | | | | | | |
real estate broker
| |
Director - CORRECT ANSWER✔✔-Director of business regulation for the state
| | | | | | | | | |
overseas issuing of license | | |
RI cesspool act of 2007 - CORRECT ANSWER✔✔-all cesspools need to be replaced
| | | | | | | | | | | |
and the timing is based on:
| | | | | |
1) if your property is being sold or transferred (exception of transferring between
| | | | | | | | | | | | |
spouses/children/sibilants/grantor) it needs to be replaced within one year of the | | | | | | | | | |
closing date (buyer or seller does this)
| | | | | | |
2) if your cesspool has failed it must be replace within one year of failure or less
| | | | | | | | | | | | | | | |
3) if you have a cesspool that serves in non-residential facility or multi family
| | | | | | | | | | | | | |
dwelling it must be replaced under current TEM and EPA regulations
| | | | | | | | | |
4) If it says pool is located within one of three areas described it must be replaced
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ASAP-Within 200 feet of shoreline's, Wells, or drinking water
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cesspool - CORRECT ANSWER✔✔-is any buried chamber that receives sewage
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from a building for disposal into the ground you will have to hire someone to
| | | | | | | | | | | | | | |
determine if you have one inspections can be done anytime of year
| | | | | | | | | | |
,Failed cesspool - CORRECT ANSWER✔✔-is one that meets any of the five criteria
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below
-The cesspool fails to except sewage
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-The liquid level is less than 6 inches
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-The cesspool has to be pumped more than two times per year
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-The cesspool has been shown to have contaminated drinking water
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-The bottom of the cesspool is below the ground water table at any time
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flood plain - CORRECT ANSWER✔✔-The land area adjacent to a river or stream or
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|other body of flowing water which is on average likely to be covered with
| | | | | | | | | | | | | |
floodwaters resulting from a storm | | | |
Near or at the surface - CORRECT ANSWER✔✔-Within 36 inches of the surface
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Pond - CORRECT ANSWER✔✔-Where open standing or slowly moving water is
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present for at least six months a year
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riverbank - CORRECT ANSWER✔✔-The area of land within 200 feet of the edge of
| | | | | | | | | | | | |
any flowing body of water
| | | | |
Violations of wetlands - CORRECT ANSWER✔✔-The director of environmental
| | | | | | | | |
management has the power to order complete restoration of the freshwater
| | | | | | | | | | |
wetland area involved by the person or agent responsible for the violation-they
| | | | | | | | | | | |
shall be punished by a fine not exceeding $500 or imprisonment not exceeding 30
| | | | | | | | | | | | |
days
|
, application for real estate license - CORRECT ANSWER✔✔-Sales person shall file
| | | | | | | | | | |
with the director and application for the license upon a printed form. Sending in
| | | | | | | | | | | | | |
the application with a fee of $10. Names of three Rhode Island residence
| | | | | | | | | | | | |
residence they've known for three years. Must be 18. passed both written
| | | | | | | | | | | |
examinations. Complete 45 classroom hours. A certificate of license shall be | | | | | | | | | | |
issued by the real estate division of the department of business regulation within
| | | | | | | | | | | | |
30 days after it is requested at a cost of no more than $25
| | | | | | | | | | | | |
Duration and regulations of licenses - CORRECT ANSWER✔✔-no license shall
| | | | | | | | | |
remain in force for. In excess of three years. Two years active three years valid. 24
| | | | | | | | | | | | | | |
hours of continuing education to renew
| | | | | |
Real estate recovery account - CORRECT ANSWER✔✔-error or omission. And
| | | | | | | | | |
amount of not more than $50,000 is in a real estate recovery account for
| | | | | | | | | | | | | |
damages. A realtor must deposit A fee to create a recovery account. If on
| | | | | | | | | | | | | |
December 31 of any year the balance remaining in the real estate recovery
| | | | | | | | | | | | |
account is less than $200,000 every real estate sales person when renewing his or
| | | | | | | | | | | | |
her license during the next calendar year shall pay in addition to his license
| | | | | | | | | | | | | | |
renewal fee, a fee of $25 for a deposit in the real estate recovery account. this
| | | | | | | | | | | | | | | |
sales person is not illegible to receive a new license until he has repaid in full plus
| | | | | | | | | | | | | | | |
interest at the rate of 12% a year the amount paid from the real estate recovery
| | | | | | | | | | | | | | | | |
account if they do something wrong
| | | | |
Fixed office - CORRECT ANSWER✔✔-Each resident license real estate broker must
| | | | | | | | | |
maintain a fixed office within the state
| | | | | | |
Temporary license due to death of broker - CORRECT ANSWER✔✔-i'm event of
| | | | | | | | | | | |
the death of a licensed real estate broker a temporary license to that legal
| | | | | | | | | | | | | |
Associate Broker - CORRECT ANSWER✔✔-any licensed real estate broker
| | | | | | | | |
employed or engaged as an independent contractor by or in behalf of a licensed
| | | | | | | | | | | | | |
real estate broker
| |
Director - CORRECT ANSWER✔✔-Director of business regulation for the state
| | | | | | | | | |
overseas issuing of license | | |
RI cesspool act of 2007 - CORRECT ANSWER✔✔-all cesspools need to be replaced
| | | | | | | | | | | |
and the timing is based on:
| | | | | |
1) if your property is being sold or transferred (exception of transferring between
| | | | | | | | | | | | |
spouses/children/sibilants/grantor) it needs to be replaced within one year of the | | | | | | | | | |
closing date (buyer or seller does this)
| | | | | | |
2) if your cesspool has failed it must be replace within one year of failure or less
| | | | | | | | | | | | | | | |
3) if you have a cesspool that serves in non-residential facility or multi family
| | | | | | | | | | | | | |
dwelling it must be replaced under current TEM and EPA regulations
| | | | | | | | | |
4) If it says pool is located within one of three areas described it must be replaced
| | | | | | | | | | | | | | | |
ASAP-Within 200 feet of shoreline's, Wells, or drinking water
| | | | | | | | |
cesspool - CORRECT ANSWER✔✔-is any buried chamber that receives sewage
| | | | | | | | | |
from a building for disposal into the ground you will have to hire someone to
| | | | | | | | | | | | | | |
determine if you have one inspections can be done anytime of year
| | | | | | | | | | |
,Failed cesspool - CORRECT ANSWER✔✔-is one that meets any of the five criteria
| | | | | | | | | | | | |
below
-The cesspool fails to except sewage
| | | | |
-The liquid level is less than 6 inches
| | | | | | |
-The cesspool has to be pumped more than two times per year
| | | | | | | | | | |
-The cesspool has been shown to have contaminated drinking water
| | | | | | | | |
-The bottom of the cesspool is below the ground water table at any time
| | | | | | | | | | | | |
flood plain - CORRECT ANSWER✔✔-The land area adjacent to a river or stream or
| | | | | | | | | | | | |
|other body of flowing water which is on average likely to be covered with
| | | | | | | | | | | | | |
floodwaters resulting from a storm | | | |
Near or at the surface - CORRECT ANSWER✔✔-Within 36 inches of the surface
| | | | | | | | | | | |
Pond - CORRECT ANSWER✔✔-Where open standing or slowly moving water is
| | | | | | | | | | |
present for at least six months a year
| | | | | | |
riverbank - CORRECT ANSWER✔✔-The area of land within 200 feet of the edge of
| | | | | | | | | | | | |
any flowing body of water
| | | | |
Violations of wetlands - CORRECT ANSWER✔✔-The director of environmental
| | | | | | | | |
management has the power to order complete restoration of the freshwater
| | | | | | | | | | |
wetland area involved by the person or agent responsible for the violation-they
| | | | | | | | | | | |
shall be punished by a fine not exceeding $500 or imprisonment not exceeding 30
| | | | | | | | | | | | |
days
|
, application for real estate license - CORRECT ANSWER✔✔-Sales person shall file
| | | | | | | | | | |
with the director and application for the license upon a printed form. Sending in
| | | | | | | | | | | | | |
the application with a fee of $10. Names of three Rhode Island residence
| | | | | | | | | | | | |
residence they've known for three years. Must be 18. passed both written
| | | | | | | | | | | |
examinations. Complete 45 classroom hours. A certificate of license shall be | | | | | | | | | | |
issued by the real estate division of the department of business regulation within
| | | | | | | | | | | | |
30 days after it is requested at a cost of no more than $25
| | | | | | | | | | | | |
Duration and regulations of licenses - CORRECT ANSWER✔✔-no license shall
| | | | | | | | | |
remain in force for. In excess of three years. Two years active three years valid. 24
| | | | | | | | | | | | | | |
hours of continuing education to renew
| | | | | |
Real estate recovery account - CORRECT ANSWER✔✔-error or omission. And
| | | | | | | | | |
amount of not more than $50,000 is in a real estate recovery account for
| | | | | | | | | | | | | |
damages. A realtor must deposit A fee to create a recovery account. If on
| | | | | | | | | | | | | |
December 31 of any year the balance remaining in the real estate recovery
| | | | | | | | | | | | |
account is less than $200,000 every real estate sales person when renewing his or
| | | | | | | | | | | | |
her license during the next calendar year shall pay in addition to his license
| | | | | | | | | | | | | | |
renewal fee, a fee of $25 for a deposit in the real estate recovery account. this
| | | | | | | | | | | | | | | |
sales person is not illegible to receive a new license until he has repaid in full plus
| | | | | | | | | | | | | | | |
interest at the rate of 12% a year the amount paid from the real estate recovery
| | | | | | | | | | | | | | | | |
account if they do something wrong
| | | | |
Fixed office - CORRECT ANSWER✔✔-Each resident license real estate broker must
| | | | | | | | | |
maintain a fixed office within the state
| | | | | | |
Temporary license due to death of broker - CORRECT ANSWER✔✔-i'm event of
| | | | | | | | | | | |
the death of a licensed real estate broker a temporary license to that legal
| | | | | | | | | | | | | |
