Rhode Island License Law
Under Rhode Island law, when a real estate brokerage firm changes its name, what must occur?
ANothing; name changes are automatic
BThe broker must notify the DBR and obtain a new or amended license✓ Correct
CAll affiliated salespersons must retake the licensing exam
DThe firm must cease operations for 30 days
Explanation
When a brokerage changes its name, the DBR must be notified and an amended or new license obtained reflecting the new name. This ensures that the licensing records accurately identify the firm operating in the market.
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