In Rhode Island, a person regularly manages another person’s real property by performing broker acts. Which statement is correct?
Correct Answer
C) That person must be licensed as a Rhode Island real estate broker unless an exemption applies
230-RICR-30-20-2 § 2.12 requires licensure as a broker for persons performing broker acts in the regular course of managing another person’s real property, subject to the stated owner/employee exemption. Source basis: Rhode Island Department of State official regulation 230-RICR-30-20-2 §§ 2.5-2.13 and 2.30, plus R.I. Gen. Laws §§ 5-20.5-4, 5-20.5-11, and 5-20.5-25 where applicable; checked 2026-04-30.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
- → A responsible broker in Wyoming asks about a first-time salesperson applicant prepares for Wyoming-specific licensing. Which answer follows Wyoming law?
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- → A responsible broker in Wyoming asks about the Commission director receives a complaint about real estate practice. Which answer follows Wyoming law?
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- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
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