Rhode Island Law Questions With Correct
Answers
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. - CORRECT ANSWER✔✔-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 court appointed administrator who is required to sell the real estate involved
| | | | | | | | | | | | |
assets of a probated
| | | |
estate.
D. A real property owner involved in a like kind exchange with another property
| | | | | | | | | | | | | |
owner who is | |
represented by a license. - CORRECT ANSWER✔✔-D | | | | | |
,Which of the following is /are regulated by the real estate license laws?
| | | | | | | | | | | |
A. A receiver in a bankruptcy.
| | | | |
B. An individual charging a finder's fee for referral of information leading to a
| | | | | | | | | | | | | |
listing.
C. A sub-divider selling his/her lots.
| | | | |
D. A friend who gave information to another individual that resulted in a rental
| | | | | | | | | | | | | |
agreement. - CORRECT ANSWER✔✔-B | | |
A license may be revoked upon proof of:
| | | | | | |
A. Charging more than the normal rate of commission.
| | | | | | | |
B. An individual charging a finder's fee for referral of information leading to a
| | | | | | | | | | | | | |
listing. |
C. stating to a perspective client that the listing commission is set by state law.
| | | | | | | | | | | | | |
D. representing both the buyer and seller in one transaction. - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-B
As a salesperson involved in a real estate transaction, you may accept a
| | | | | | | | | | | | |
commission from the: | | |
A. grantee
| |
B. grantor
| |
C. employing broker
| |
D. real estate commission - CORRECT ANSWER✔✔-C
| | | | | |
,A salesperson may advertise a property for sale only:
| | | | | | | |
A. if he/she personally listed the property.
| | | | | |
B. if the name of the employing broker is in the ad.
| | | | | | | | | | |
C. if the broker is entitled to use the term "Realtor®"
| | | | | | | | | |
D. if the salesperson pays for the ad out of his/her commission.
| | | | | | | | | | |
salesperson may advertise a property for sale only: - CORRECT ANSWER✔✔-B
| | | | | | | | | |
A licensing board or commission has jurisdiction to do which of the following?
| | | | | | | | | | | |
A. Establish the commission splits between co-operating real estate brokers.
| | | | | | | | |
B. Regulate rates of commission charged by real estate brokers.
| | | | | | | | |
C. Set the salespersons commissions with the employing broker.
| | | | | | | |
D. Establish that all real estate commissions are negotiable.
| | | | | | | |
licensing board or commission has jurisdiction to do which of the following? -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-D |
6. A salesperson may advertise a property for sale only:
| | | | | | | | |
A. if he/she personally listed the property.
| | | | | |
B. if the name of the employing broker is in the ad.
| | | | | | | | | | |
C. if the broker is entitled to use the term "Realtor®"
| | | | | | | | | |
D. if the salesperson pays for the ad out of his/her commission.
| | | | | | | | | | |
, salesperson may advertise a property for sale only - CORRECT ANSWER✔✔-B
| | | | | | | | | |
A broker can have his/her license revoked for:
| | | | | | |
A. establishing an office commission split policy that does not conform to Rhode
| | | | | | | | | | | | |
Island License Law. | |
B. paying a licensee a flat fee.
| | | | | |
C. failing to pay salespeople their earned commissions.
| | | | | | |
D. establishing a commission bonus program for top producers.
| | | | | | | |
broker can have his/her license revoke - CORRECT ANSWER✔✔-C
| | | | | | | |
A real estate broker hires a secretary who does not have a real estate license to
| | | | | | | | | | | | | | | |
be in charge of clerical staff. The broker agrees to pay the secretary a fixed salary.
| | | | | | | | | | | | | | | |
Which of the following duties may the secretary perform?
| | | | | | | |
A. Giving information over the phone regarding the selling price of the property.
| | | | | | | | | | | |
B. Showing units to lessees of property managed by the broker.
| | | | | | | | | |
C. Telephone solicitation of sale listings from perspective sellers.
| | | | | | | |
D. Typing contracts submitted by the salespeople in the broker's office. - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-D
|
Which of the following requires a real estate license?
| | | | | | | |
A. Obtaining a listing to find a tenant to rent a store.
| | | | | | | | | | |
Answers
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. - CORRECT ANSWER✔✔-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 court appointed administrator who is required to sell the real estate involved
| | | | | | | | | | | | |
assets of a probated
| | | |
estate.
D. A real property owner involved in a like kind exchange with another property
| | | | | | | | | | | | | |
owner who is | |
represented by a license. - CORRECT ANSWER✔✔-D | | | | | |
,Which of the following is /are regulated by the real estate license laws?
| | | | | | | | | | | |
A. A receiver in a bankruptcy.
| | | | |
B. An individual charging a finder's fee for referral of information leading to a
| | | | | | | | | | | | | |
listing.
C. A sub-divider selling his/her lots.
| | | | |
D. A friend who gave information to another individual that resulted in a rental
| | | | | | | | | | | | | |
agreement. - CORRECT ANSWER✔✔-B | | |
A license may be revoked upon proof of:
| | | | | | |
A. Charging more than the normal rate of commission.
| | | | | | | |
B. An individual charging a finder's fee for referral of information leading to a
| | | | | | | | | | | | | |
listing. |
C. stating to a perspective client that the listing commission is set by state law.
| | | | | | | | | | | | | |
D. representing both the buyer and seller in one transaction. - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-B
As a salesperson involved in a real estate transaction, you may accept a
| | | | | | | | | | | | |
commission from the: | | |
A. grantee
| |
B. grantor
| |
C. employing broker
| |
D. real estate commission - CORRECT ANSWER✔✔-C
| | | | | |
,A salesperson may advertise a property for sale only:
| | | | | | | |
A. if he/she personally listed the property.
| | | | | |
B. if the name of the employing broker is in the ad.
| | | | | | | | | | |
C. if the broker is entitled to use the term "Realtor®"
| | | | | | | | | |
D. if the salesperson pays for the ad out of his/her commission.
| | | | | | | | | | |
salesperson may advertise a property for sale only: - CORRECT ANSWER✔✔-B
| | | | | | | | | |
A licensing board or commission has jurisdiction to do which of the following?
| | | | | | | | | | | |
A. Establish the commission splits between co-operating real estate brokers.
| | | | | | | | |
B. Regulate rates of commission charged by real estate brokers.
| | | | | | | | |
C. Set the salespersons commissions with the employing broker.
| | | | | | | |
D. Establish that all real estate commissions are negotiable.
| | | | | | | |
licensing board or commission has jurisdiction to do which of the following? -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-D |
6. A salesperson may advertise a property for sale only:
| | | | | | | | |
A. if he/she personally listed the property.
| | | | | |
B. if the name of the employing broker is in the ad.
| | | | | | | | | | |
C. if the broker is entitled to use the term "Realtor®"
| | | | | | | | | |
D. if the salesperson pays for the ad out of his/her commission.
| | | | | | | | | | |
, salesperson may advertise a property for sale only - CORRECT ANSWER✔✔-B
| | | | | | | | | |
A broker can have his/her license revoked for:
| | | | | | |
A. establishing an office commission split policy that does not conform to Rhode
| | | | | | | | | | | | |
Island License Law. | |
B. paying a licensee a flat fee.
| | | | | |
C. failing to pay salespeople their earned commissions.
| | | | | | |
D. establishing a commission bonus program for top producers.
| | | | | | | |
broker can have his/her license revoke - CORRECT ANSWER✔✔-C
| | | | | | | |
A real estate broker hires a secretary who does not have a real estate license to
| | | | | | | | | | | | | | | |
be in charge of clerical staff. The broker agrees to pay the secretary a fixed salary.
| | | | | | | | | | | | | | | |
Which of the following duties may the secretary perform?
| | | | | | | |
A. Giving information over the phone regarding the selling price of the property.
| | | | | | | | | | | |
B. Showing units to lessees of property managed by the broker.
| | | | | | | | | |
C. Telephone solicitation of sale listings from perspective sellers.
| | | | | | | |
D. Typing contracts submitted by the salespeople in the broker's office. - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-D
|
Which of the following requires a real estate license?
| | | | | | | |
A. Obtaining a listing to find a tenant to rent a store.
| | | | | | | | | | |
