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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