Rhode Island License Law
What is an 'open listing' in Rhode Island real estate?
AA listing on an open MLS database
BA listing where the seller may list with multiple brokers, and only the broker who produces the buyer earns the commission✓ Correct
CA listing that is publicly visible on government websites
DA listing agreement that has no expiration date
Explanation
An open listing is a non-exclusive listing where the seller can list with multiple brokers. Only the broker who produces the buyer earns the commission. If the seller sells the property themselves, no commission is owed.
Related Rhode Island Rhode Island License Law Questions
- Under RIGL Chapter 5-20.5, which action would NOT constitute grounds for disciplinary action against a Rhode Island licensee?
- In Rhode Island, a real estate license applicant must be at least how old?
- In Rhode Island, a real estate salesperson license must be held under:
- Under Rhode Island General Laws Chapter 5-20.5, which of the following must obtain a real estate broker's license?
- The Rhode Island Division of Commercial Licensing (DCL) is a division within which department?
- Which of the following requires a real estate broker's license in Rhode Island rather than a salesperson's license?
- Rhode Island real estate licenses must be renewed every:
- What is an 'exclusive agency' listing in Rhode Island?
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 →