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Practice Of Real EstateLicensingMEDIUM

Which Rhode Island rule applies when a licensee disaffiliates from a brokerage and joins another brokerage?

Correct Answer

B) The principal broker must send written disaffiliation notice, and the new principal broker must sign and submit a transfer form

230-RICR-30-20-2 § 2.10 requires written notice of disaffiliation by the principal broker and a transfer form signed by the new principal broker. 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.

Answer Options
A
A private school or brokerage policy can replace the Department requirement.
B
The principal broker must send written disaffiliation notice, and the new principal broker must sign and submit a transfer form
C
The applicant or licensee may ignore the rule if a principal broker later approves the file.
D
The rule applies only to broker applicants and never to salespersons.

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Related Topics & Key Terms

Related Topics:

ri.IIlicensing

Key Terms:

rhode_islandri.IIlicensingdisaffiliation-transfer

Related Concepts

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