In this guide you’ll learn all the details you need to know to get your license and become a real estate agent in Rhode Island.
You’ll learn the basic real estate licensing requirements in Rhode Island, information about the exam including pass rates and test prep, reciprocity rules, county by county breakdowns of the most expensive real estate in Rhode Island, and more.
Okay, grab a cup of coffee, and let’s start at the beginning.
Basic Rhode Island Real Estate Licensing Requirements
Getting a real estate license in Rhode Island is rather easy compared to other states. You only need a total of 45 classroom hours of commission-approved pre-licensing courses. In comparison, to get a license in Texas, real estate licenses require applicants to complete 180 hours of courses. Here’s a quick breakdown of the real estate licensing requirements in Rhode Island:
Pre-licensing Courses Required in Rhode Island
In order to get a real estate license in Rhode Island, you will need to complete 45 hours of real estate pre-licensing courses that will cover:
- Real property characteristics
- Property valuation
- Contracts and relationships with buyers and sellers
- Property conditions and disclosures
- Risk management
- Federal laws governing real estate activities
- Financing the transaction and settlement
- Leases, rents, and property management
- Brokerage operations
- Ethical and legal business practices
- Duties and Obligations under Licensing Law
- Licensing Requirements
- Statutory Requirements Governing the Activities of Licensees
- Fair Housing Practice Act RIGL 34-37-1
- Landlord-Tenant Law RIGL 34-18-1
- Agricultural Functions of Department of
- Environmental Management RIGL 2-1-5 to 2-1-27
- Fire Safety Code – General Provisions RIGL 23-28.1
- Onsite Wastewater Treatment System (OWTS) RIGL 5-20.8-2
- Sale of Real Property by Non-residents-Withholding Requirements RIGL 44-30-71.3
- Lead Paint Disclosure–Section 9 of Rules & Regulations, RI Dept. of Health
- Seller’s Disclosure RIGL 5-20.8
Rhode Island Real Estate Exam Information
If you work hard and take the courses seriously you should have no problem passing the exam. If you’re looking for help studying for the test, we recommend Real Estate Exam Scholar’s Exam prep course. They offer top-notch exam prep for an affordable price. Even better, they also offer a money back guarantee if you don’t pass on the first try.
Rhode Island Pre-licensing Exam Questions
- Total of 135 multiple-choice questions (to be completed within 4 hours)
- 80 questions on the national portion (56 correct required to pass)
- 55 questions on the state-specific portion (39 correct required to pass)
What to Bring to the Exam
- 2 valid forms of identification with signatures. One ID must be a government-issued Photo ID
- Confirmation number when the test reservation was made.
You must earn a score of 70 to pass the Rhode Island Real Estate Exam
Rhode Island Real Estate License Fee
$140 (for 2 years)
Exam Fee in Rhode Island
You need to have at least a high school diploma or GED in order to apply for a license in Rhode Island.
Applicants must be at least 18 of age or older
Any U.S. citizen or a lawfully admitted alien can apply.
Any active member of the Rhode Island Bar who is in good standing and qualified under the real estate license law is exempt from taking the real estate sales associate prerequisite course.
Applicants who have an existing criminal record may still apply for a real estate license. It would be best if applicants were to include their criminal history along with the necessary documents related to the conviction, if any, on their application. After submitting your fingerprints, your application will be forwarded to the Division of Criminal Justice Information Systems and to the Federal Bureau of Investigation. Upon investigation, each applicant will be considered on their own merits.
Online Real Estate Schools in Rhode Island
While taking your real estate pre-licensing course in person can be helpful, online courses are much cheaper and offer the exact same courses. Search Google for online real estate schools in Rhode Island.
Rhode Island Real Estate License Reciprocity and Portability
If you plan on working in states besides Rhode Island, then you need to know the real estate license reciprocity and portability laws for Rhode Island.
- Reciprocity: Rhode Island has mutual recognition agreements with 2 states:
- Connecticut and Massachusetts
- Portability: Cooperative
To learn more about real estate license portability in Rhode Island, check out our guide on real estate license reciprocity and portability here.
How to Choose the Right Real Estate Company to Work For in Rhode Island
Let’s face it. Choosing the right brokerage to work for in any state isn’t easy. In order to make your choice a little bit easier, check out our in-depth guide on choosing the right real estate company to work for.
If you’re curious about which Rhode Island brokerages are the most successful, check out Real Trends list of the top real estate brokerages in Rhode Island for 2017 below.
|Real Estate Brokerage|
|Residential Properties Ltd.|
|Coldwell Banker Residential Brokerage/ NRT|
|RE/MAX Preferred, Town & Country and Properties|
*Data from Real Trends Market Leaders 2017
Rhode Island Counties with Highest Average Listing Price and Highest Median Sales Price 2017
Let’s face it, higher listing prices mean higher commission checks! To get a sense of which counties offer the best opportunities for big bucks in Rhode Island check out this sales data from Trulia’s Rhode Island home price page below (week ending June 21):