Rhode Island Real Estate Exam Prep

RI Salesperson Practice Exam

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Rhode Island Sample Practice Real Estate Exam Questions and Answers

Rhode Island State Section

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Question 1

Standing trees would be considered

A	Chattels
B	Real property
C	Emblements
D	Personal Property

Question 2

Which of the following would not put a sales person in jeopardy of losing their license in Rhode Island?

A	Placing an ad claiming to be a broker when they are not.
B	Convicted of a felony
C	Being authorized to accept and excessive commission.
D	Depositing his/her clients escrow money into a personal account

Question 3

Which of the following is a state that participates in reciprocity with Rhode Island?

A	New Jersey
B	Connecticut
C	California
D	New York

Question 4

How soon can a broker receive a commission check after a closing in state?

A	Once the seller agrees to the price.
B	Once the offer sheet is signed.
C	After the transaction is completed and funded.
D	When the Buyer moves in.

Question 5

Who is responsible for maintaining a habitable property and for complying with local housing and building codes

A	Buyer
B	Lessee
C	Agent
D	Lessor

Question 6

Is Rhode Island a community property state?

A	Yes
B	No

Question 7

What tenancies does Rhode Island allow?

A	All of the Above
B	Tenancy in Common
C	Joint Tenancy
D	Tenancy by the Entirety

Question 8

Which is not necessary for a valid contract?

A	offer
B	acceptance
C	due date
D	legal object

Question 9

What is a holographic will?

A	a will that has been approved by each family member.
B	a will and testament that has been entirely handwritten and signed by the testator.
C	a standard boiler plate will.
D	a will that displays in 3D

Question 10

Mortgage "discount" points only apply if which of the following conditions are met?

A	The seller has agreed to pay 1% of the closing costs
B	The interest rate on the mortgage loan has been lowered by 2% for each point charged
C	The loan does not close and the buyer owes the lender for services rendered
D	The interest rate on the mortgage loan has been lowered by 1% for each point charged

Question 11

How often is Continuing Education Due?

A	Every 3 years
B	Every year
C	Every 5 years
D	Every 2 years

Question 11 Explanation:

24 Hours of CE every 2 years. R.I. Department of Business Regulation, Division of Commercial Licensing & Regulation

Question 12

How much is a Salesperson license fee?

A	$130
B	$25
C	$100
D	$10

Question 13

Does Rhode Island allow reciprocity with other states?

A	Yes
B	No

Question 13 Explanation:

Massachusetts & Connecticut

Question 14

Which of the following is a landlords option for a tenant not paying the rent

A	lock the tenant out of the apartment
B	unlawful detainer action in court
C	shut off the power
D	shutoff the gas

Question 15

What is homestead protection

A	The estimated value that an asset will have at then end of it's useful life
B	Gradual subsidence of waters, leaving dry land
C	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
D	Net cash remaining to investor after sale of investment property

Question 16

Which of the following isn't part of a deed?

A	Premises
B	Habendum
C	novation
D	acknowledgement

Question 17

Does Rhode Island allow Holographic wills?

A	No
B	Yes

Question 18

In what circumstances, if any, can a broker in Rhode Island who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	Only when both buyer and seller give informed consent to this arrangement
B	In most circumstances, except when the buyer and seller are related
C	None; the broker may only collect compensation from one party to a transaction
D	Only when both buyer and seller have legal representation

Question 19

An easement by prescription may establish

A	a claim to title
B	use of property
C	homestead rights
D	who owes back taxes

Question 20

Does Rhode Island have homestead laws?

A	No
B	Yes

Question 21

What is the term that means "going to the state"

A	Taxation
B	Eminent Domain
C	police power
D	escheat

Question 21 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

Question 22

Does Rhode Island have dower laws?

A	Yes
B	No

Question 23

Which of the following is required for an applicant to receive a Real Estate License

A	Must have a Bachelors degree
B	Must be 25 or older
C	Must have lived in the state for more than a year
D	Must sit and pass the required exam

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