In Rhode Island, a team wants to use a name that suggests it is its own brokerage. Which statement is correct?
Correct Answer
A) Team names may not include words such as Agency, Brokerage, Brokers, Company, Corporation, Firm, LLC, Partnership, Property, or Realty
230-RICR-30-20-2 § 2.25 prohibits team names from using listed brokerage-like words or derivations. 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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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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