No person, firm, or corporation shall have an ownership interest in a real estate brokerage firm nor participate in the operation of the real estate brokerage firm unless the person, firm, or corporation holds a valid real estate broker’s license, issued pursuant to the provisions of this chapter.
License required for ownership
R.I. Gen. Laws § 5-20.5-27., under Chapter 5-20.5 Real Estate Brokers and Salespersons.
R.I. Gen. Laws § 5-20.5-27.