A Rhode Island licensee encounters a renewal term begins for licensees affiliated with a brokerage. What should the licensee remember?
Correct Answer
B) The principal broker must verify that each affiliated licensee has a license in good standing
230-RICR-30-20-2 § 2.4 requires verification that each affiliated licensee is in good standing at the beginning of each renewal term. Source basis: Rhode Island Department of State official regulation 230-RICR-30-20-2 §§ 2.3-2.5 and 2.24; checked 2026-04-30.
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Related Topics & Key Terms
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Related Concepts
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
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