RIRES Rhode Island Real Estate Salesperson - Set 1 - Part 3

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 41: Rhode Island's statute sets out the duties a designated client representative owes a client, adding promotion of the client's best interest and confidentiality that survives termination to the duties every licensee shares. How many enumerated duties does the representative's list contain?

Four

Three

Six

Five

Question 42: A nonresident of Rhode Island sells a Bristol waterfront home, and the parties debate which participant in the closing bears the statutory duty to withhold a portion of the payment for state income tax. Under the nonresident withholding statute, who is liable to withhold?

The closing attorney

The listing broker

The lending institution

The buyer

Question 43: Rhode Island's sales disclosure chapter grants residential purchasers three separate ten-day inspection periods before they become obligated on a purchase. One period covers lead exposure hazards and another covers testing a private well. What does the remaining third ten-day period cover?

The on-site sewage system

The building's structural condition

The property's boundary survey

The home's radon levels

Question 44: The Rhode Island statute lists the specific duties a transaction facilitator owes a customer, including ministerial acts, honesty and good faith, proper accounting, and protecting confidential information when acting as a dual facilitator. How many enumerated duties does that list contain?

Six

Three

Four

Two

Question 45: A bank that acquired a Pawtucket property through a completed foreclosure now sells it to a retail buyer. The bank's counsel asks whether the mortgagee must furnish the Rhode Island residential disclosure form. Under the disclosure exemptions, how is a transfer by a foreclosing mortgagee classified?

Required like any ordinary sale

Exempt from the disclosure requirement

Required because the bank took title

Exempt only during the auction

Question 46: A Pawtucket landlord advertising a triple-decker unit wants to require an upfront security deposit large enough to cover potential damage over a multi-year lease. Under Rhode Island's landlord-tenant law, what is the maximum security deposit he may demand or receive?

Two months' rent

One and a half months' rent

Three months' rent

One month's rent

Question 47: A developer in Middletown sells a brand-new, never-occupied condominium unit directly to its very first buyer and asks whether the residential sales disclosure form is legally required. Under the enumerated exemptions to Rhode Island's disclosure law, how is this particular transfer treated?

Required because condominiums are covered

Exempt as new unoccupied construction

Required only for coastal units

Exempt only if buyer waives

Question 48: Rhode Island's relationship chapter recognizes exactly two ways in which a licensee may lawfully work with a member of the public. One is assistance and the other is representation. Which statement correctly names those two authorized relationship types under the chapter?

Single agency and dual agency

Subagency and buyer agency

Open listing and exclusive agency

Facilitation for customers; representation for clients

Question 49: When a Rhode Island licensee provides only assistance without representation, the person receiving that help is given one label, while a person who is actually represented under a contract is given another. Which pairing correctly matches each role to the person served?

Facilitator serves client; representative serves customer

Both roles serve only customers

Facilitator serves customer; representative serves client

Both roles serve only clients

Question 50: Rhode Island's relationship statute deliberately avoids the words agent, dual agency, and designated agency that many other states rely upon. Which trio of terms does Chapter 5-20.6 actually use to describe how a licensee may lawfully work with members of the public?

Facilitator, client representative, dual facilitator

Agent, subagent, and dual agent

Broker, principal, and customer

Fiduciary, subagent, and transaction broker

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