RIRES - Rhode Island Real Estate Salesperson

Question 1: In Rhode Island the detailed operating rules on advertising, escrow handling, team names, and continuing education are not spelled out in the statute but appear as an administrative regulation. Which body adopts and promulgates that binding real estate regulation governing licensees?

The real estate commission

The general assembly

The secretary of state

The Department of Business Regulation

Question 2: Rhode Island limits how long any single individual may continue serving on the Real Estate Commission through appointment, capping the number of complete terms one person may hold before the succession rule bars further service on that body. What is that limit?

Two full terms

Three consecutive terms

One full term

No stated limit

Question 3: Before the recovery account will pay, a Woonsocket claimant must satisfy the court on several points, including that she has obtained a judgment and searched diligently for the debtor's assets. Which additional showing does section 5-20.5-5 also require of her among these prerequisites?

She is not the debtor's spouse

She carries her own E&O coverage

She notified every affected licensee first

She waited a full two years

Question 4: A Bristol salesperson believes another broker owes him a share of a commission and wants to tap the real estate recovery account to collect it. He also asks what kinds of wrongdoing the account actually covers. Under section 5-20.5-5, which statement is correct?

Yes; commissions are fully covered

Yes; if a judgment is obtained

No; it covers only criminal convictions

No; it covers fraud, misrepresentation, deceit

Question 5: The superior court orders a payment from the recovery account to satisfy a judgment against a Providence broker. The broker assumes he can keep working and later erase the debt in bankruptcy. Under section 5-20.5-5, what actually happens to his license and the amount paid?

License automatically revoked; repay with interest

License suspended; bankruptcy discharges the debt

License unaffected until a later hearing

Repay without interest to regain license

Question 6: Rhode Island's real estate recovery account is checked each year-end, and when its balance falls too low, licensees pay a surcharge with their next renewal. Which combination correctly states the balance threshold, the measuring date, and the surcharge each licensee then pays?

One hundred thousand; December thirty-first; fifty

Two hundred thousand; June thirtieth; twenty-five

Two hundred thousand; December thirty-first; twenty-five

Fifty thousand; December thirty-first; twenty-five

Question 7: A Westerly salesperson is changing brokers and moving her affiliation to a new firm. She recalls a ten-day rule from a study guide and plans to notify the director within ten days after the switch. Under the fixed-office statute, when must she communicate this change?

Within ten days after the change

Within thirty days after the change

At her next license renewal

Immediately upon or prior to the change

Question 8: In a Warwick estate matter, a person holding a validly executed power of attorney signs closing documents to finalize the sale of the principal's home without any real estate license. A licensee questions whether this is lawful. Under the licensing exemptions, why is this person permitted to act?

Only licensed attorneys may close sales

A one-time sale needs no license

Power-of-attorney holders are expressly exempt

The exemption covers only the owner

Question 9: A broker holding disputed earnest money on a Middletown sale asks whether she may simply file a court interpleader to resolve the competing claims, as a colleague in another state did. Which statement BEST describes her obligation under Rhode Island law?

She must use the general treasurer

Interpleader is the required procedure

Either interpleader or treasurer is acceptable

She may keep funds until litigation ends

Question 10: The disciplinary section authorizes the director to levy an administrative penalty not exceeding two thousand dollars for any violation under the section. Which reading of that penalty language most precisely reflects the exact words the statute actually uses?

Two thousand dollars per separate violation

Two thousand dollars aggregate for all violations

Two thousand dollars per day continuing

Two thousand dollars for any violation

Question 11: A disputed Warwick deposit is settled when arbitration finally resolves the ownership question in the seller's favor. The broker still holds the contested funds. Once that resolution occurs, which timeframe BEST states how quickly the broker must disburse the money under Rhode Island regulation?

Within ten days of resolution

Within seven calendar days of resolution

Within twenty-one days of resolution

Within thirty days of resolution

Question 12: A licensee faces a two-thousand-dollar sanction for commingling, while a neighbor who never held a license faces jail for brokering deals unlawfully. Which statement BEST captures how Rhode Island's administrative penalty differs from its criminal penalty for these two situations?

Both are imposed by the director

Both carry possible jail time

A court imposes both sanctions

The director fines; a court jails

Question 13: Rhode Island's general obligations rule names specific matters a licensee must make a diligent effort to ascertain about a property being sold. For a brand new dwelling, which additional items does the rule expressly require the listing licensee to confirm?

Plat acceptance and certificate of occupancy

Roof warranty and paint colors

Buyer credit score and income

Seller's motivation and asking price

Question 14: Beyond the thirty-seven grounds for discipline listed in the statute, the department's regulations add two more grounds by rule, bringing the total to thirty-nine. Which specific pair of violations does the regulation itself add to the thirty-seven statutory grounds?

Net listings and undisclosed commissions

Commingling and inadequate broker supervision

Invalid license and fraudulent CE certification

Blockbusting and misleading advertising

Question 15: A buyer in Cranston asks whether a listed lot is served by town sewer. The listing salesperson does not know and assumes she has no obligation to find out. How does Rhode Island's general obligations rule treat the salesperson's assumption?

She has no duty to verify

She may rely on the seller

Disclosure of known facts suffices

She must diligently investigate

Question 16: A licensee in Middletown intends to buy a listed property for himself. Rhode Island requires him to disclose his interest in writing. Under the conflict-of-interest rule, by what point at the very latest must that written disclosure be made to the parties?

No later than closing day

Within ten days after closing

No later than making an offer

Only if a party asks

Question 17: On a canceled Newport transaction, a broker intends to return the earnest money to the buyer and must first send certified-mail notice of that intent to the seller. What period does Rhode Island regulation give the seller before the broker may release those funds?

Sixty days from receipt of notice

Twenty-one days from receipt of notice

Thirty days from receipt of notice

Seven calendar days from the notice

Question 18: An unlicensed operator collects fees for arranging a sale, and an aggrieved party sues to recover a civil penalty tied to what the operator took. Under the civil penalty provision, the recoverable amount ranges from the sum received up to what multiple of it?

Three times the sum received

Twice the sum received

The sum received only

Five times the sum received

Question 19: Rhode Island's commission-payment deadline requires the principal broker to account for and pay commissions promptly. Besides a salesperson affiliated with the firm, which additional parties does the rule expressly name as also entitled to that same accounting and prompt payment?

The seller and buyer

Unlicensed marketing assistants

The multiple listing service

Cooperating and referring brokers

Question 20: A Bristol buyer defaults, and the seller wants the earnest money forfeited to him. Before releasing the deposit to the seller, the broker must give the buyer notice with a set window to object. How much time must that notice allow?