In Rhode Island, a licensee advertises residential real property for sale, exchange, or rental. Which statement is correct?
Correct Answer
C) The advertisement must designate the municipality containing the property, except for magazine or newspaper ads published under municipality headings
230-RICR-30-20-2 § 2.25 requires residential real property advertisements to designate the municipality, with the stated magazine/newspaper exception. Source basis: Rhode Island Department of State official regulation 230-RICR-30-20-2 § 2.25 and R.I. Gen. Laws § 5-20.5-14; checked 2026-04-30.
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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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