Rhode Island Real Estate Requirements
Article Summary: This article will assist anyone who is interested in the general requirements of obtaining a real estate salesperson license in the state of Rhode Island. Summaries below contain more information on the governing agency, initial qualifications, schooling, examination, and more..
The agency responsible for handling all licensing and regulation for real estate within RI, is the Division of Commercial Licensing and Regulation within the Department of Business Regulations. Their offices are located in Cranston, RI.
In order to obtain a real estate salesperson license in the state of Rhode Island, one must be at least 18 years of age and have at least a high school diploma or GED. One other requirement includes having three legal residents as reference that are not related to the applicant that are property owners and have known them for at least three years to certify their good reputation for honesty and trustworthiness. Applicants that are non-residents must file an irrevocable power of attorney form for service of process.
An applicant is required to complete 45 hours of approved real estate education at a state approved school. Once a person has passed the Real Estate Course Final Exam, they can apply to take the state examination through Pearson Vue. The Rhode Island Real Estate Exam has a total of 135 questions for the national and state-specific portion to be completed within 4 hours. The score each applicant needs to pass is a 70%.
Examination must be taken before submitting an application. A few more items that must be submitted with an application include a criminal History Record from the RI Department of the Attorney General’s office, a certification of a 3 hour course in Lead Poisoning, and a Certificate of Errors and Omissions Insurance.
In order to renew a license, salespersons are required to successfully complete 18 hours of specific and approved real estate courses. The renewal fee is $130 for two years when it comes to a salesperson license.