Rhode Island License Law
Under Rhode Island license law, a 'principal broker' is best described as:
AAny broker who has been licensed for more than 5 years
BThe designated broker responsible for supervising all licensed activities of a brokerage✓ Correct
CA broker who only works with buyers
DA broker licensed in more than one state
Explanation
A principal broker (or designated broker) is the individual responsible for overseeing and supervising all licensed activities of the real estate firm. They are ultimately accountable for compliance with Rhode Island license law within the brokerage.
Related Rhode Island Rhode Island License Law Questions
- How many continuing education hours must a Rhode Island real estate licensee complete per renewal cycle?
- Under Rhode Island law, a 'referral agent' or 'referral broker' may:
- 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:
- Rhode Island's continuing education requirement for license renewal includes completing:
- Under Rhode Island license law, what is the license renewal period for real estate licensees?
- The Rhode Island DoBR may discipline a licensee for which of the following acts?
- Under RIGL Chapter 5-20.5, how many hours of pre-license education must a salesperson candidate complete before sitting for the Rhode Island real estate exam?
- The Rhode Island DoBR investigation of a licensee complaint may result in:
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 →