Rhode Island Real Estate Salesperson Exam — All Questions
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Under Rhode Island rules, the Mandatory Real Estate Relationship Disclosure should be provided to a consumer:
- a.Only after the purchase and sale agreement is signed
- b.At the closing table
- c.Within 30 days after an offer is accepted
- d.At the first substantive contact, before confidential information is exchanged✓
Rhode Island requires licensees to provide the Mandatory Real Estate Relationship Disclosure at the first substantive contact, before confidential information is exchanged. The disclosure explains the available relationships so the consumer can decide how to work with the licensee.
In Rhode Island, dual agency, in which one licensee represents both the buyer and the seller in the same transaction, is:
- a.Prohibited in all circumstances
- b.Permitted only with the informed written consent of both parties✓
- c.Automatically created whenever one firm has both listings
- d.Allowed without any disclosure to the parties
In Rhode Island, dual agency is permitted only with the informed written consent of both the buyer and the seller. The dual agent must treat both parties honestly and may not disclose one party's confidential information to the other.