Which Rhode Island rule applies when a licensee markets real property by offering free lots, lotteries, contests, or prizes to influence purchasers?
Correct Answer
B) That practice is a disciplinary ground
R.I. Gen. Laws § 5-20.5-14 lists soliciting, selling, or offering real property through free lots, lotteries, contests, or prizes to influence purchasers as a disciplinary ground. Source basis: R.I. Gen. Laws § 5-20.5-14 and Rhode Island Department of State official regulation 230-RICR-30-20-2 §§ 2.15-2.17; checked 2026-04-30.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
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.
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.
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