Rhode Island License Law
Rhode Island requires that a listing agreement be in writing. A verbal listing agreement in Rhode Island is:
AFully enforceable if witnessed
BUnenforceable; the broker cannot collect a commission without a written agreement✓ Correct
CEnforceable for properties under $100,000
DValid if the broker recorded it with the DBR
Explanation
Rhode Island requires listing agreements to be in writing for a broker to be able to enforce their right to a commission. An oral listing agreement is unenforceable under the Statute of Frauds.
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Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Math Concepts
State-Specific Concepts
License Law
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