For the Rhode Island state portion, how should a candidate analyze the director imposes an administrative penalty for a Rhode Island real estate license-law violation?
Correct Answer
A) The administrative penalty may not exceed $2,000 for a violation under § 5-20.5-14 or DBR rules
R.I. Gen. Laws § 5-20.5-14 authorizes an administrative penalty not exceeding $2,000 for violations under that section or Department rules. Source basis: R.I. Gen. Laws § 5-20.5-14 and Rhode Island Department of State official regulation 230-RICR-30-20-2 §§ 2.15-2.17; checked 2026-04-30.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
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