| Chapter 476 |
| 2017 -- S 0299 Enacted 10/11/2017 |
| A N A C T |
| RELATING TO BUSINESSES AND PROFESSIONS - REAL ESTATE BROKERS AND SALESPERSONS |
| Introduced By: Senator Roger Picard |
| Date Introduced: February 16, 2017 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Section 5-20.5-4 of the General Laws in Chapter 5-20.5 entitled "Real |
| Estate Brokers and Salespersons" is hereby amended to read as follows: |
| 5-20.5-4. Examination of applicants -- Examination fee -- Licensing without |
| examination. |
| (a) The director shall require any applicant for a real estate broker's or salesperson's |
| license to submit to and pass a written examination to show the applicant's knowledge of the state |
| statutes and the rules and regulations relating to real property, deeds, mortgages, leases, contracts, |
| and agency. An applicant shall not be required to take the uniform portion of the Rhode Island |
| real estate licensing examination if the applicant provides sufficient evidence that the applicant |
| possesses an existing valid real estate license from a state that has similar statutes or regulations |
| in effect which provide for reciprocal waiver of the uniform portion of the real estate licensing |
| examination for persons holding an existing valid Rhode Island real estate broker's or |
| salesperson's license. An applicant for a real estate broker's or salesperson's license, prior to the |
| taking of the examination, must pay an examination fee, the cost of which is limited to the charge |
| as designated by the appropriate testing service's contract with the department of business |
| regulation. |
| (b) An applicant for a real estate salesperson's license must submit satisfactory evidence |
| of completion of a minimum of forty-five (45) classroom hours in a real estate course given by a |
| school as defined in § 5-20.5-19. The applicant for a broker's license must also submit |
| satisfactory proof that he or she;: (i) has Has been engaged full time as a real estate salesperson |
| for at least two (2) years immediately prior to the date of application, except that the period is |
| waived if the applicant has received a baccalaureate degree with a major in real estate, from an |
| accredited college or university; or and (ii) has Has successfully completed at least ninety (90) |
| hours of approved classroom study in a school as defined in § 5-20.5-19, or equivalent in a |
| correspondence course offered by an extension department of an accredited college or university. |
| The director, in his or her sole discretion, may require any additional evidence or proof, as to the |
| honesty, trustworthiness, integrity, good reputation, and competency of any applicant. |
| (c) Any successful applicant who fails to remit the original license fee as provided in § 5- |
| 20.5-11 within one year of the date of that examination may be required by the director to re- |
| submit to and pass a written examination as provided in subsection (a) of this section. |
| (d) When an attorney-at-law licensed by the supreme court of the state desires to have a |
| real estate broker's license or a real estate salesperson's license, the attorney, by application, and |
| upon payment of the applicable fee as provided in § 5-20.5-11, shall be granted a license without |
| examination. |
| (e) A certificate of licensure shall be issued by the real estate division of the department |
| of business regulation within thirty (30) days after it is requested at a cost of not more than |
| twenty-five dollars ($25.00) for each certificate issued. |
| SECTION 2. This act shall take effect on September 1, 2017. |
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| LC001200 |
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