Rhode Island Out of State Broker Cooperation- An out-of-state licensee can share a commission with a Rhode Island licensee, so long as out-of-state licensee does not conduct any negotiations within the state.
- An out-of-state licensee may bring a lawsuit for compensation if lawfully earned. |
Rhode Island Real Estate License Types |
Rhode Island Real Estate Exam Providers |
Rhode Island Real Estate Waivers |
Real Estate Associate Broker Real Estate Independent Broker Real Estate Employing Broker |
None |
Rhode Island Real Estate ReciprocityConnecticut, Massachusetts
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Specific to Rhode Island Real Estate- Requires E&O (Agents have choices... but as with other states is available through RISC) https://www.risceo.com/states/rhode-island/ |
Rhode Island Reverse ReciprocityThese states specifically mention Rhode Island in their Reciprocity: Connecticut, Massachusetts, Nevada (Salesperson Only) These States recognize any other State licenses but may have additional requirements: Alaska, Alabama, Colorado, Georgia, Idaho, Indiana, Kansas, Kentucky, Maine, Nebraska, North Carolina, South Dakota, Tennessee, Vermont, Washington |
Rhode Island Real Estate Links |
Rhode Island Real Estate Customs
Attorneys usually conduct closings, but banks and title companies may also conduct them.
Conveyance is by warranty or quitclaim deed. Mortgages are the usual security instruments.
Rhode Island uses ALTA policies and endorsements.
Buyers pay title insurance premiums and closing costs; sellers pay documentary taxes.
Property taxes are payable annually, semi-annually, or quarterly.
Conveyance is by warranty or quitclaim deed. Mortgages are the usual security instruments.
Rhode Island uses ALTA policies and endorsements.
Buyers pay title insurance premiums and closing costs; sellers pay documentary taxes.
Property taxes are payable annually, semi-annually, or quarterly.