Rhode Island Real Estate Salesperson Exam — All Questions
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Real estate salespersons in Rhode Island are licensed and regulated by:
- a.The Rhode Island Association of Realtors
- b.The Rhode Island Real Estate Commission, within the Department of Business Regulation✓
- c.The Rhode Island Secretary of State
- d.The local city or town clerk
The Rhode Island Real Estate Commission, part of the Department of Business Regulation (DBR), licenses and disciplines real estate brokers and salespersons under R.I. General Laws Chapter 5-20.5. A trade association is a private membership group and does not issue licenses.
In Rhode Island, a licensed salesperson may conduct real estate brokerage activity:
- a.Independently, once the license is issued
- b.For any broker who agrees to pay a commission
- c.Only under the supervision of a sponsoring licensed broker✓
- d.Only after also obtaining a broker license
A Rhode Island salesperson may act only under the supervision of a sponsoring licensed broker and may not operate independently. The license is associated with one broker at a time, and that broker is responsible for the salesperson's real estate conduct.
A Rhode Island salesperson may lawfully accept a commission for a completed sale from:
- a.The broker who sponsors the salesperson✓
- b.The buyer directly at closing
- c.The seller directly upon listing
- d.The cooperating broker on the other side
A Rhode Island salesperson may be paid a commission only by the sponsoring broker, not directly by a buyer, seller, or another broker. Compensation flows through the sponsoring broker, who supervises the salesperson and is accountable for the transaction.