Rhode Island License Law
Under Rhode Island law, a licensed broker who violates trust account requirements may face which of the following penalties?
AA private reprimand with no public record
BLicense suspension, revocation, and civil fines✓ Correct
COnly a mandatory ethics course
DAutomatic license expiration
Explanation
Violations of trust account requirements in Rhode Island can result in license suspension or revocation and civil monetary fines imposed by the DoBR. These are serious offenses because they involve client funds.
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