Exam (elaborations)

REAL ESTATE RHODE ISLAND LAW EXAM TEST QUESTIONS WITH VERIFIED ANSWERS.

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REAL ESTATE RHODE ISLAND LAW EXAM TEST QUESTIONS WITH VERIFIED ANSWERS.

Institution

RHODE ISLAND BLUE CARD

Course

RHODE ISLAND BLUE CARD

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Institution: RHODE ISLAND BLUE CARD
Course: RHODE ISLAND BLUE CARD

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Uploaded on: January 16, 2026
Number of pages: 36
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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real estate rhode island law exam test questions w

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REAL ESTATE RHODE ISLAND LAW
EXAM TEST QUESTIONS WITH
VERIFIED ANSWERS
RealHestateHrecoveryHactH-HCORRECTHANSWERS-
DeptHofHbusinessHregulationHestablishesHthisHaccountH

CoversHanyoneHaggrievedHbyHanHact,Hmisrepresentation,HtransactionHorHconductHofHaHlicensedHrea
lHestateHbrokerHuponHtheHgroundsHofHfraud,HmisrepresentationHorHdeceitHmayHrecoverHnoHmoreHth
anH50000HperHoneHlicenseH

Can'tHbeHusedHtoHreimburseHanyHbrokerHorHsalespersonH

AgentsHpayHaHfeeHforHtheHdepositHinHtheHrealHestateHrecoveryHfundHwhenHtheyHfirstHgetHtheirHlicens
eH

DecH31HofHanyHyearHifHtheHrecoveryHfundHisHlessHthanH200000HagentsHpayHaHfeeHofH$25HwhenHrene
wingHtheirHlicenseH

Agents/HbrokersHmustHpayHbackHtheHrecoveryHfundHplusH12%HaHyear

RealHestateHcommissionH-HCORRECTHANSWERS-9HpeopleHatHleastHoneHfromHeachHcountyH

CitizenHofHtheHstateHforHatHleastH10HyearsH

3HcurrentHlicensedHbrokersHwhoHhaveHbeenHbrokersHforHatHleastH5HyearsHinHtheHstateH

4HhaveHtoHbeHmembersHofHtheHgeneralHpublic

,WhoHisHexemptHfromHlicensing?H-HCORRECTHANSWERS-
1.HAnyHperson,Hpartnership,Hassociation,HcorporationsHorHanyHofHtheirHemployeesHwhoHwantHtoHac
quire,Hlease,HsellHofHdealHinHrealHestateHthatHwillHbeHheldHforHinvestmentH

1.HSameHasHaboveHjustHanyHowner,Hlessee,HorHlessor

IfHyouHviolateHtheHrulesHandHregulationsHhowHmuchHmoneyHcanHtheHdirectorHlevyHanHadministrativ
eHpenalty?H-HCORRECTHANSWERS-1000

ErrorsHandHomissionsHinsuranceH-HCORRECTHANSWERS-
InHorderHtoHhaveHaHlicenseHyouHmustHhaveHandHmaintainHerrorsHandHomissionsHinsuranceHcovering
HallHbusinessHactivities

MustHobtainHtheHinsuranceHindependentlyH

DeptHofHbusinessHregulationHdetermineHtheHtermsHandHconditionHofHcoverageH

CertificateHofHcoverageHmustHbeHfiledHwithHtheHdeptHofHbusinessHregulationHbyHtheHannualHlicense
HrenewalHdateH

MinHrequirementsHforHE&OHInsurance:H

IndividualHlicensee-HinsuranceHneedsHtoHbeHatHleastH50,000HandH150,000HaggregateH

ForHbrokersHblanketHpolicy:H

TheHminimumHcoverageHneedsHtoHbeHatHleastH50,000HxHamountHofHsalespersonsHandH150000HxHA
mountHofHsalespersonsH

,BrokersHblanketHpolicyHneedsHtoHbeHinHtotalHofH300000HandH1HmillionHdollarsHinHoneHcaseHatHanyHti
me

HowHtoHloseHyourHlicenseH-HCORRECTHANSWERS-MisrepresentationH

FraudH

FalseHpromiseH

MisleadingHadvertisingH

FailingHtoHdepositHmoneyHintoHescrowH

FailingHtoHkeepH3HyearsHofHrecordsH

ActingHasHaHdualHfacilitatorHwithoutHconsentH

PlacingHforHsaleHsignHwithoutHconsentH

FailingHtoHshowHaHcopyHofHrecordsH

NotHwritingHaHterminationHdateHofHcontractH

InducingHsomeoneHtoHbreakHcontractHsoHtheyHcanHuseHmeHasHaHsalesperson

AcceptingHmoneyHforHaHreferralH

NotHdisclosingHintentionsHtoHaHclientH

ConvictedHofHcriminalHfelonyH

ViolatingHrules/regulationsH

BrokerHnotHoverseeingHsalespersonH

RefusingHtoHprovideHinfoH

SolicitingHrealHpropertyH

PayingHorHacceptingHmoneyHforHreferralH

FailingHtoHhaveHlistingHagreementsHinHwritingH

NoHnetHlistingH

NegotiatingHaHpropertyHwhenHsomeoneHisHalreadyHinHcontractHwithHanotherHagentH

, AcceptingHanHagencyHandHfailingHtoHmakeHanHeffortHtoHsellHpropertyH

AdvisingHagainstHuseHofHanHattorneyH

RepresentingHlenders/partyHinterestHofHproperty'sHaHfalseHsalesHcontractH

ComminglingHescrowHmoneyH

AdvertisingHpropertyHofHanotherHinHaHmannerHisHbeingHmadeHbyHaHpartyHnotHengagedHinHrealHestat
eHbusinessH

Can'tHadvertiseHtheHpropertyHunderHanyoneHelse'sHnameHbutHmineH

NoHadvertisementsHinHpublicationsHcontainingHonlyHaddress,HphoneHnumberH

HaveHtoHhandHoverHallHrecordsHtoHbrokerH

GivingHcommissionHtoHsomeoneHwhoHisn'tHaHrealHestateHlicenseeH

SolicitingHtheHsaleHofHaHpropertyHbecauseHaHspecificHraceHisHinHtheHneighborhoodH

BrokerHneedsHtoHtellHtheHdirectorHwithinH10HdaysHthatHheHorHsheHisHleavingHtheHofficeH

TheHdirectorHcanHpenalizeHupHtoH1000HforHanyHofHtheseHviolationsHt

EscrowHdepositHrulesH-HCORRECTHANSWERS-
MustHmaintainHanHescrowHaccountHunderHprincipalHbrokerH

CanHnotHcommingleHdepositHmoneyH

NeedHtoHkeepHdeposit/withdrawalHrecordsHforH3HyearsH

Office/adminHneedsHtoHkeepHaHmonthlyHreportHofHescrowHaccountH

MayHbeHappliedHtoHtheHcommissionHwhenHearnedHbyHtheHlistingHcompanyH

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REAL ESTATE RHODE ISLAND LAW EXAM TEST QUESTIONS WITH VERIFIED ANSWERS.

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