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ContractsListing AgreementsMEDIUM

For the Rhode Island state portion, how should a candidate analyze a seller asks the principal broker about commission split or distribution?

Correct Answer

A) Upon request, the principal broker must advise the seller of the rate or amount of any commission split or distribution

230-RICR-30-20-2 § 2.26 requires the principal broker, upon request, to advise the seller of the rate or amount of any commission split or distribution. Source basis: Rhode Island Department of State official regulation 230-RICR-30-20-2 § 2.26 and R.I. Gen. Laws § 5-20.5-14; checked 2026-04-30.

Answer Options
A
Upon request, the principal broker must advise the seller of the rate or amount of any commission split or distribution
B
The document requirement can be handled orally after the parties sign.
C
The rule applies only to commercial transactions.
D
A brokerage policy may omit the statutory document requirement.

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Related Topics & Key Terms

Related Topics:

ri.IIIlisting-agreements

Key Terms:

rhode_islandri.IIIlisting-agreementsseller-commission-split-request
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