Rhode Island License Law
A Rhode Island licensee who is also a principal in a transaction (buying or selling their own property) must:
AForfeit their license for the duration of the transaction
BDisclose their licensed status to the other party✓ Correct
CHire a separate broker to represent them
DOnly act if the DBR approves the transaction
Explanation
When a Rhode Island licensee is a party to a transaction (buying or selling property for themselves), they must disclose their licensed status to the other party. This allows the other party to understand that they are dealing with a real estate professional.
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