For the Rhode Island state portion, how should a candidate analyze a principal broker receives a commission owed to an affiliated licensee or cooperating broker?
Correct Answer
C) Unless a written agreement provides otherwise, payment is due no later than ten calendar days after the principal broker receives the commission
230-RICR-30-20-2 § 2.21 requires commission accounting and payment no later than ten calendar days after receipt unless a written agreement provides otherwise. Source basis: Rhode Island Department of State official regulation 230-RICR-30-20-2 § 2.21 and R.I. Gen. Laws § 5-20.5-14; checked 2026-04-30.
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The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
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FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
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