A Rhode Island salesperson asks about an affiliated licensee participates in a real estate transaction. What is the best answer?
Correct Answer
B) The principal broker acts in a supervisory capacity for that transaction
230-RICR-30-20-2 § 2.4 requires the principal broker to act in a supervisory capacity for every transaction in which an affiliated licensee participates. 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
Related Topics:
Key Terms:
Related Concepts
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
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