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RI Real Estate Practice Exam 2 Questions and Correct Answers

RI real estate exam study guide rated A Trade Fixture An article owned by a tenant, attached to a rented space or building, and used in conducting a business Riparian rights Common-law rights granted to owners of land along the course of a river, stream or similar flowing body of water Littoral rights Closely related to riparian rights. Owners (whose land borders commercially navigable lakes, seas, and oceans) with littoral rights enjoy unrestricted use of available waters but own the land adj...

A real estate license may have his/her license for: accepting compensation for brokerage services from someone other than the employing broker. Who must comply with the state license laws? A person employed by a corporation specifically to arrange the financing of real estate transactions. Which of the following is/are regulated by the real estate license laws? An individual charging a finder's fee for referral of information leading to a listing. A license may be revoke...