Contracts
A Rhode Island real estate broker who is also a party to a real estate transaction (buying or selling for their own account) must disclose their:
ANet worth to the other party
BLicensed status in writing to the other party✓ Correct
CAll prior real estate transactions to the other party
DLicense number on all advertisements
Explanation
Rhode Island license law requires a licensee who is a party to a transaction for their own account to disclose their licensed status in writing to the other party before any agreement is signed.
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