A Rhode Island licensee encounters an advertisement states down payment, monthly carrying charges, taxes, or mortgage-money amounts. What should the licensee remember?
Correct Answer
D) The amounts must use clear qualifying words such as approximate or estimated unless the licensee keeps written proof
230-RICR-30-20-2 § 2.25 requires qualifying words for stated payment or mortgage amounts, and written proof if unqualified amounts are used. Source basis: Rhode Island Department of State official regulation 230-RICR-30-20-2 § 2.25 and R.I. Gen. Laws § 5-20.5-14; checked 2026-04-30.
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