Rhode Island License Law
Under Rhode Island law, if a real estate broker dies, what happens to the brokerage's licenses?
AAll licenses automatically transfer to the surviving salespersons
BThe DBR may appoint a temporary broker to wind down operations, and affiliated licensees must find a new sponsoring broker✓ Correct
CThe brokerage continues without interruption
DAll licenses are permanently revoked
Explanation
When a sole proprietor broker dies, the DBR may allow a temporary appointment of another broker to wind down the business. Affiliated salespersons must affiliate with a new licensed broker to remain active.
Related Rhode Island Rhode Island License Law Questions
- Under Rhode Island law, a referral fee may be paid to an unlicensed person:
- Under RIGL Chapter 5-20.5, a Rhode Island licensee who changes employing brokers must notify the Real Estate Commission within:
- Under Rhode Island license law, what is the consequence of practicing real estate without a license?
- Under Rhode Island license law, which of the following must be included in every listing agreement?
- When a Rhode Island broker's license is revoked or suspended, what happens to the salesperson licenses held under that broker?
- Which of the following activities requires a Rhode Island real estate license under RIGL Chapter 5-20.5?
- Under Rhode Island license law, what is the license renewal period for real estate licensees?
- A Rhode Island broker who acts as both a listing broker and a buyer's broker for the same transaction and does not disclose the dual agency to both parties has committed:
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 →