Rhode Island License Law
In Rhode Island, who may sue to recover a real estate commission?
AAny person who helped sell a property
BOnly a licensed real estate broker holding a valid written listing or buyer agency agreement✓ Correct
CA salesperson directly, without going through their broker
DAny party who showed the property to a buyer
Explanation
In Rhode Island, only a licensed broker (not a salesperson) with a valid written employment (listing) agreement may sue to recover a real estate commission. Salespersons' commission rights run through their employing broker.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Math Concepts
State-Specific Concepts
License Law
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