Rhode Island License Law
A Rhode Island broker wishes to open a branch office. Under Rhode Island law, the broker must:
AHire a separate broker for each branch office
BApply for approval and meet licensing requirements for each office location✓ Correct
CNotify the Division within 30 days after opening
DThere are no additional requirements for branch offices
Explanation
Rhode Island requires brokers who open branch offices to obtain appropriate licensing and approval for each office location from the Division of Commercial Licensing. Each office must be properly registered.
People Also Study
Related Rhode Island Questions
- The Rhode Island Division of Commercial Licensing (DCL) is a division within which department?Rhode Island License Law
- Rhode Island requires real estate brokers to maintain trust accounts for client funds. Commingling of client funds means:Rhode Island License Law
- The doctrine of adverse possession in Rhode Island generally requires continuous, open, notorious, hostile, and exclusive use for:Property Ownership
- Which Rhode Island state agency is responsible for licensing and regulating real estate brokers and salespersons?Rhode Island License Law
- A Rhode Island commercial tenant requests to assign their lease to a new business. The lease requires landlord consent. The landlord must:Property Management
- A Rhode Island commercial lease that requires the tenant to pay a base rent plus a percentage of gross sales is called a:Property Management
- Under RIGL Chapter 5-20.5, which state agency is responsible for licensing and regulating real estate brokers and salespersons in Rhode Island?Rhode Island License Law
- A net lease used in Rhode Island commercial properties typically requires the tenant to pay:Property Management
State-Specific Concepts
License Law
Practice More Rhode Island Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Rhode Island Quiz →