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Practice Of Real EstateLicense LawMEDIUM

A Rhode Island salesperson asks about a licensee is asked to lend a name or license so someone else can avoid licensing requirements. What is the best answer?

Correct Answer

D) The licensee may not lend a name or license to benefit another person or circumvent Rhode Island law

230-RICR-30-20-2 § 2.24 prohibits lending a name or license for another person’s benefit or to circumvent Rhode Island real estate law or regulation. 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.

Answer Options
A
The affiliated salesperson alone is responsible, so the principal broker has no supervision duty.
B
The duty exists only after the Department opens a complaint.
C
The licensee may avoid the rule by using a team name or informal business name.
D
The licensee may not lend a name or license to benefit another person or circumvent Rhode Island law

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Related Topics & Key Terms

Related Topics:

ri.IIIlicense-law

Key Terms:

rhode_islandri.IIIlicense-lawno-lending-license-name

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