Commercial Licensing Regulation 11 - Real Estate Brokers and Salespersons


230-RICR-30-20-2 INACTIVE RULE

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Title 230 Department of Business Regulation (includes the Office of the Health Insurance Commissioner)
Chapter 30 Commercial Licensing
Subchapter 20 Real Estate
Part 2 Commercial Licensing Regulation 11 - Real Estate Brokers and Salespersons
Type of Filing Amendment
Regulation Status Inactive View Active Rule
Effective 06/22/2008 to 05/27/2009

Regulation Authority :

R.I. Gen. Laws §§ 5-20.5 and R.I. Gen. Laws § 42-14-17.

Purpose and Reason :

The Department of Business Regulation (“Department”) hereby adopts Commercial Licensing Regulation 11 – Real Estate Brokers and Salespersons (“Regulation”) effective June 22, 2008 and makes this statement in accordance with R.I. Gen. Laws § 42-35-2.3. The purpose of this regulation is to promote the general welfare of the citizens of Rhode Island by implementation of R.I. Gen. Laws § 5-20.5-1 et seq. so that the provisions thereunder may be best effectuated and the public interest be most effectively served. Rule 34 is a new rule and is added to this regulation to require all holders of a real estate brokers and salespersons licenses (“Licensees”) to successfully complete a course of at least three (3) clock hours, approved by the Real Estate Commission, on the recently revised law defining relationships in real estate transactions, R.I. Gen. Laws § 5-20.6-1, et seq. This statute was amended on July 6, 2007 and became effective on May 1, 2008.

There are no electronic rulemaking documents for rules filed prior to August 14, 2018. For rulemaking documents for rules filed prior to this date, please contact the appropriate agency's Rules Coordinator.