For the Rhode Island state portion, how should a candidate analyze an affiliated licensee must comply with Rhode Island real estate law and regulation?
Correct Answer
A) The principal broker is responsible for the affiliated licensee’s compliance
230-RICR-30-20-2 § 2.4 makes the principal broker responsible for affiliated licensee compliance with Rhode Island real estate licensure laws and 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.
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Related Topics & Key Terms
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Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
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.
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