Kevin is a licensed Rhode Island real estate salesperson whose license has been on inactive status for three years. He now wants to reactivate his license and return to active practice under a sponsoring broker. Under Rhode Island DBR rules, which of the following correctly describes what Kevin must do before his license can be reactivated?
Correct Answer
C) Kevin must satisfy any outstanding continuing education requirements for the lapsed period and comply with DBR reactivation procedures, which may include additional education depending on the length of inactivity.
Under Rhode Island DBR rules, a licensee seeking to reactivate an inactive or lapsed license must comply with DBR reactivation procedures, which include satisfying any outstanding continuing education requirements for the period of inactivity. Depending on the length of inactivity, the DBR may impose additional education requirements. This approach reflects Rhode Island's regulatory framework under § 5-20.5, which gives the DBR authority to establish conditions for reactivation to ensure licensees maintain current knowledge of Rhode Island law.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
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.
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?
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