Title 5, Title 5 and Professions

(a) Each violation of this chapter by a licensee shall constitute a violation of law pursuant to chapter 20.5 of this title and the regulations promulgated thereunder and may subject the licensee to disciplinary action. (b) Failure to provide the mandatory relationship disclosure…

As used in this chapter, the following terms shall have the following meanings: (1) “Affiliated licensee” means a licensed real estate salesperson or real estate broker as defined in § 5-20.5-1 associated with a particular principal broker. (2) “Brokerage” means a principal broke…

(a) It shall be presumed that all licensees in a real estate transaction are transaction facilitators unless the licensee obtains the informed, written consent of a buyer, seller, tenant, or landlord with an executed mandatory relationship disclosure to represent that person as a…

(a) A transaction facilitator owes the following duties to a customer: (1) To perform agreed-upon ministerial acts timely and competently; (2) To perform these acts with honesty, good faith, reasonable skill, and care; (3) To properly account for money or property placed in the c…

(a) If an affiliated licensee is appointed by the principal broker or his or her designee to represent a buyer, seller, tenant, or landlord in a real estate transaction and obtains the written consent of a buyer, seller, tenant, or landlord with an executed, mandatory relationshi…

(a) A licensee may assist both the buyer client and the seller client or tenant client and landlord client in the same transaction only as a neutral dual facilitator. (b) The dual facilitator relationship between the licensee and buyer and seller, or between the licensee and tena…

(a) Unless otherwise authorized in subsection (b), a licensee may not disclose the confidential information of: (i) A client, in the case of a designated client representative; or (ii) A customer, in the case of a dual facilitator or transaction coordinator; or (iii) Any represen…

(a) The Rhode Island real estate commission shall approve a mandatory relationship disclosure that conforms to the requirements of this section. (b) A licensee shall provide a prospective buyer, seller, tenant, or landlord in a real estate transaction with a copy of the mandatory…

(a) A licensee shall not act as a designated client representative until the licensee has complied with § 5-20.6-8. (b) Each principal broker shall keep a receipt of the executed, mandatory relationship disclosure in accordance with § 5-20.5-8(b).