Title 5, Title 5 and Professions

(a) The director may, upon his or her own motion, and shall, upon the receipt of the written verified complaint of any person initiating a cause under this section, ascertain the facts and, if warranted, hold a hearing for the suspension or revocation of a license. The director h…

(a)(1) Before refusing to issue a license or suspending or revoking a license on its own motion, the division of professional regulation shall notify the applicant or licensee of its intended action and the grounds for the action. The applicant or licensee may, within twenty (20)…

(a) The provisions of the administrative procedures act, chapter 35 of title 42, and all amendments and modifications to that act and the rules adopted pursuant to the act, apply to and govern all proceedings for the judicial review of final administrative decisions of the depart…

(a) Any person acting as a broker or as a salesperson without first obtaining a license is guilty of a misdemeanor and, upon conviction, is punishable by a fine of not less than one hundred dollars ($100) nor more than five hundred dollars ($500), or by imprisonment for a term no…

(a) The department of business regulation is authorized to conduct, hold, or assist in conducting or holding, real estate clinics, meetings, courses, or institutes, and to incur the necessary expenses limited by connection therewith, which are open to all licensees. (b) The depar…

(a) The division of professional regulation is authorized and empowered to formulate rules and regulations relative to the establishment and operation of schools, courses of study, instruction, grades and grading systems, and related matters. The division and the council on posts…

(a) Neither the term “real estate broker” nor “real estate salesperson” is held to include: (1) Any person, partnership, association, or corporation, who or that, as a bona fide owner, lessee, or lessor, performs any of the previously stated acts as to property owned, or leased b…

(a) It is unlawful for any school to offer courses or to conduct classes of instruction in real estate subjects without first procuring a permit; or having obtained a permit, to represent that its students are assured of passing examinations given by the division of professional …

Except as provided in this chapter, no person shall maintain an action in any court of this state for the recovery of a commission, fee, or compensation for any act done, the doing of which is prohibited under this chapter to other than licensed brokers, unless that person was li…

If any provision of this chapter is held invalid, that provision is deemed to be excised from this chapter and its invalidity does not affect any of the other provisions of this chapter. If the application of any provision of this chapter to any person or circumstance is held inv…

(a) All holders of real estate brokers’ and salespersons’ licenses issued by the state department of business regulation shall, as a condition of retaining that license, carry and maintain errors and omissions insurance covering all business activities contemplated. (b) Licensees…

(a) Escrow. (1) Escrow accounts. (i) Each real estate firm shall maintain an escrow account under the supervision of the broker qualified to do business in the name and on behalf of the corporate, partnership, or association licensee. All those funds paid to a salesperson or paid…

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 provision…

If the department of business regulation has reason to believe that any person, firm, corporation, or association is conducting any activities requiring licensure under this chapter without obtaining a license, or who after the denial, suspension, or revocation of a license condu…

(a) Applicants applying for the first time for a license to act as a real estate broker or real estate salesperson shall file with the director an application for the license upon a printed or electronic form as determined by the director that, together with any additional inform…

(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, …

(a)(1) The department of business regulation shall establish and maintain a real estate recovery account from which any person aggrieved by an act, representation, transaction, or conduct of a licensed real estate broker or real estate salesperson, upon the grounds of fraud, misr…

(a) If the director is satisfied that the applicant is competent and trustworthy and is reasonably familiar with the statutes and law relating to real estate, he or she shall issue to the applicant a license to act as a real estate broker or a real estate salesperson. The directo…

Each resident licensed real estate broker must maintain a fixed office within this state. All business records relating to real estate transactions and to the management of that office must be kept on the premises of the fixed office location. The original license as real estate …

The real estate broker’s license issued to any corporation, partnership, or association shall designate the name of the one principal active officer of the corporation, partnership, or association for whom that license is valid and every other active broker or salesperson of that…

In the event of the death of a licensed real estate broker who is the sole proprietor of a real estate business, the director shall, upon application by his or her legal representative, issue, without examination, a temporary license to that legal representative, or to an individ…