Rhode Island License Law
The RI Residential Real Estate Disclosure Act requires sellers to use the standard disclosure form for properties sold in:
AAll real estate transactions
BResidential transfers, with certain exemptions such as foreclosure sales and estate sales✓ Correct
CCommercial transactions only
DTransactions involving new construction only
Explanation
Rhode Island's disclosure law applies to residential property transfers. Certain transactions are exempt — including foreclosure sales, transfers between family members, and estate sales — where full disclosure may not be practical or required.
Related Rhode Island Rhode Island License Law Questions
- The Rhode Island Real Estate License Act is codified in:
- What is the 'cooling off period' concept and does it apply to Rhode Island real estate purchase agreements?
- Rhode Island license law prohibits a licensee from engaging in 'panic peddling.' What is this?
- Rhode Island's real estate license law defines 'broker' as a person who for compensation does which of the following?
- A Rhode Island licensee who is also a principal in a transaction (buying or selling their own property) must:
- A Rhode Island broker receives a commission from both the buyer and the seller in the same transaction without disclosure. This constitutes:
- A Rhode Island real estate salesperson who wishes to become a broker must have at least how many years of active experience as a licensed salesperson?
- Under Rhode Island law, a licensee who receives a buyer's earnest money check must give it to the employing broker, who must:
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 →