Rhode Island Real Estate Exam Practice Questions (2025)

Rhode Island's real estate salesperson exam has 120 questions: 80 national and 40 state-specific. You need 70% (84/120) to pass.

National Section Questions

Q1: A property has an NOI of $36,000 and a cap rate of 6%. What is the estimated value? - Value = $36,000 / 0.06 = $600,000

Q2: Which federal act requires a Closing Disclosure at least 3 business days before loan consummation? A) RESPA B) TRID C) HMDA D) ECOA Answer: B — TRID (TILA-RESPA Integrated Disclosure Rule) requires the Closing Disclosure 3 business days before closing.

Q3: An easement appurtenant runs with the land. This means: A) The easement expires when the current owner sells B) The easement transfers automatically with the property deed C) The easement must be re-recorded with each sale D) The easement only benefits the grantor Answer: B — Appurtenant easements are attached to the land and transfer automatically with the deed.

Rhode Island-Specific Questions

Q4: Rhode Island real estate licensees are regulated by: A) Rhode Island Real Estate Commission B) Department of Business Regulation (DBR), Real Estate Division C) Rhode Island Secretary of State D) Division of Professional Licensing Answer: B — The DBR Real Estate Division regulates RI licensees. There is no separate commission.

Q5: Rhode Island real estate license law is found in: A) RIGL Chapter 5-20.5 B) RIGL Title 34 (Property) C) RIGL Chapter 23 D) RI Admin Code Title 230 Answer: A — Rhode Island General Laws Chapter 5-20.5 governs real estate brokers and salespersons.

Q6: Rhode Island requires salesperson applicants to complete how many hours of prelicense education? A) 30 B) 45 C) 60 D) 75 Answer: B — Rhode Island requires 45 hours of approved prelicense education.

Q7: Rhode Island's real estate transfer tax rate is: A) No transfer tax B) $2.28 per $500 of consideration C) $1.00 per $1,000 D) 1% of sale price Answer: B — RI's transfer tax is $2.28 per $500, approximately 0.456% of the sale price.

Q8: Rhode Island's Lead Hazard Mitigation Act applies to: A) All residential properties B) Pre-1978 rental properties C) Properties sold to families with children D) Commercial properties built before 1990 Answer: B — Rhode Island's Lead Hazard Mitigation Act requires landlords of pre-1978 rental units to comply with lead safety standards before renting.

Q9: Rhode Island uses which foreclosure process? A) Non-judicial (trustee's sale) B) Judicial (court-supervised) C) Either, at lender's choice D) Administrative foreclosure Answer: B — Rhode Island is a mortgage state using judicial foreclosure — one of the few states that requires court involvement.

Q10: Rhode Island licenses are renewed every: A) 1 year B) 2 years C) 3 years D) 4 years Answer: B — Rhode Island licenses renew every 2 years with 24 hours of CE per cycle.

Key Rhode Island Topics - **DBR Real Estate Division** (no separate commission); **RIGL Chapter 5-20.5** - **45-hour prelicense**; **24 hours CE** per 2-year cycle - **Transfer tax**: $2.28 per $500 - **Judicial foreclosure** (mortgage state) - **Lead Hazard Mitigation Act**: pre-1978 rentals

[Practice Rhode Island questions at CARealestate.com/states/rhode-island](https://carealestate.com/states/rhode-island)