Rhode Island Law Exam Study Guide for Real Estate Questions and Answers with Certified Solutions | Verified | Latest Update 2024 | Graded A+

Rhode Island Law Exam Study Guide for Real Estate Questions and Answers with Certified Solutions | Verified | Latest Update 2024 | Graded A+ 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 employees 4. Shall maintain an escrow account Whats the time period for re-examination for a salesperson or a broker for any failed exams 1 year if the one year time expires the person should take entire exam as appose just taking failed section. Anyone who wants to be a sales person should present evidence of how many hours of classroom education? 45 Anyone who want to be a broker should present evidence of how many hours of classroom education? 90 Licenses shall be renewed every how many years? 2 When is the renewal fee due by for renewal of license May 1 All newly licensed salespersons shall pay a fee of $25 to be deposited into The Real Estate Recovery fund