Rhode Island License Law
Rhode Island prohibits 'net listings' primarily because they:
AReduce competition among brokers
BCreate a conflict of interest where the broker benefits from obtaining the highest possible price regardless of the seller's goals✓ Correct
CRequire more paperwork than standard listings
DAre only legal in commercial transactions
Explanation
Net listings create a conflict of interest — the broker is incentivized to obtain the highest price (to maximize their commission) but may also benefit from keeping the seller's minimum net price low. Rhode Island prohibits or strongly discourages them because of this inherent conflict.
Related Rhode Island Rhode Island License Law Questions
- The Rhode Island Residential Real Estate Disclosure Law was enacted primarily to:
- A Rhode Island real estate licensee advertises properties using social media. Under DBR regulations, all advertising must:
- A Rhode Island salesperson's license is considered inactive when:
- The Rhode Island Department of Business Regulation (DoBR) has the authority to do all of the following EXCEPT:
- The Rhode Island Division of Commercial Licensing (DCL) is a division within which department?
- If a Rhode Island licensee is found guilty of misrepresentation, the DoBR may impose all of the following EXCEPT:
- What is the minimum age requirement to obtain a Rhode Island real estate salesperson license?
- How many hours of pre-license education are required to obtain a Rhode Island real estate salesperson license?
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 →