Question 1
A buyer pays $100,000 cash and takes title subject to the seller's existing $200,000 mortgage. What consideration is used to compute the conveyance tax?
- A. $0, because no new loan was made
- B. $200,000
- C. $300,000
- D. $100,000
LICENSEIQ · RHODE ISLAND
Pass the Rhode Island
real estate exam.
Your Rhode Island course, a personal prep plan and one-on-one coaching. A little clearer, every day.
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YOUR COURSE, AT A GLANCE
What's on the Rhode Island exam
National principles
- Property Ownership & Land Characteristics6 lessons
- Land-Use Controls & Government Regulation5 lessons
- Valuation & Market Analysis (Appraisal)6 lessons
- Real Estate Financing7 lessons
- Contracts6 lessons
- Agency Relationships6 lessons
- Property Disclosures5 lessons
- Property Management6 lessons
- Transfer of Title6 lessons
- Practice of Real Estate: Fair Housing, Antitrust & Trust Accounts5 lessons
- Real Estate Mathematics & Calculations13 lessons
- Ethics8 lessons
Rhode Island law & practice
- Regulators, Licensing, and the Recovery Account3 lessons
- Licensee Conduct, Advertising, and Discipline4 lessons
- Escrow Accounts and Records3 lessons
- Brokerage Relationships in Residential Transactions4 lessons
- Seller Disclosures, Inspections, and Environmental Laws4 lessons
- Condominium Sales, Transfer Taxes, and Homestead3 lessons
- Fair Housing and Residential Landlord-Tenant Law3 lessons
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Three questions. A fresh start.
Question 2
What is the minimum per-claim coverage for an individual licensee's errors and omissions policy in Rhode Island?
- A. $50,000
- B. $100,000
- C. $25,000
- D. $300,000
Question 3
Absent a written agreement to the contrary, how soon must a principal broker pay a commission owed to an affiliated licensee after receiving it?
- A. At the next regular payroll date
- B. Within 48 hours
- C. Within 10 calendar days
- D. Within 30 days
Your Rhode Island questions, answered.
Who is REX?
REX is your AI tutor for the Rhode Island exam — not a real person — grounded in LicenseIQ's course.
Does this replace my prelicensing course?
No. It's an independent study tool to help you learn and pass; complete your state's required education.
Where can I verify the rules?
Always verify current requirements with Rhode Island Dept. of Business Regulation, Real Estate Section.
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