Title 5, Title 5 and Professions

(a) No person, other than persons certified or licensed in accordance with the provisions of this chapter, shall assume or use that title or any title, designation, or abbreviation likely to create the impression of certification as a real estate appraiser by this state. A person…

(a)(1) Within the department of business regulation, there is created the Rhode Island real estate appraisers board which shall consist of ten (10) members to be appointed by the governor. Six (6) of the board members shall be practicing appraisers and, for the initial board appo…

The board shall: (1) Establish criteria, standards, and requirements for the certifying and licensing of real estate appraisers, including, but not limited to, educational criteria, experience criteria, and examination requirements for certifying, licensing, and recertifying. (2)…

(a) The department shall have the following powers and duties: (1) Establish within the department an independent section named the real estate appraisers section, which shall operate independent of the real estate section; (2) Establish the examination specifications for certifi…

An original certification as a state-certified or licensed real estate appraiser shall not be issued to any person unless that individual has achieved a passing grade upon a suitable written examination that is consistent with and equivalent to the uniform state certification or …

(a) There are two (2) classes for state-certified real estate appraisers and two (2) classes of licensed real estate appraisers. (b) State-certified appraisers. (1) A state-certified residential real estate appraiser is a person who fulfills the requirements for certification for…

(a) Residential classification. As a prerequisite to taking the examination for certification as a state-certified residential real estate appraiser, an applicant shall present evidence satisfactory to the board that the applicant has successfully completed the required classroom…

When used in this chapter, unless the context indicates otherwise: (1) “Agent” means any individual or entity acting on behalf of a seller or buyer to effect the transfer of real estate. It includes listing agent, selling agent, buyer’s agent, and their respective brokers. (2) “A…

If information disclosed in accordance with this chapter is subsequently rendered inaccurate as a result of any act, passage of time, occurrence, or agreement subsequent to the delivery of the required disclosures, the resulting inaccuracy does not constitute a violation of this …

(a) Every contract for the purchase and sale of residential real estate (1-4 family built prior to 2011) located in the state shall provide that potential purchasers be permitted a ten-day (10) period, unless the parties mutually agree upon a different period of time, to conduct …

(a) Every contract for the purchase and sale of real estate located in the state, and which is served by a private water supply (well), shall provide that potential purchasers shall be permitted a ten-day (10) period, unless the parties mutually agree upon a different period of t…

(a) Every contract for the purchase and sale of real estate that is or may be served by a private cesspool, shall provide that potential purchasers be permitted a ten-day (10) period, unless the parties mutually agree upon a different period of time, to conduct an inspection of a…

(a) As soon as practicable, but in any event no later than prior to signing any agreement to transfer real estate, the seller of the real estate shall deliver a written disclosure to the buyer and to each agent with whom the seller knows he or she or the buyer has dealt in connec…

The following transfers are exempt from the provisions of this chapter: (1) Transfer pursuant to a court order, including, but not limited to, transfer ordered by a probate court in administration of an estate, transfer pursuant to a writ of execution, transfer by a trustee in ba…

(a) Every contract for the purchase and sale of real estate shall provide that a potential purchaser or potential purchasers shall be permitted a ten-day (10) period, exclusive of Saturdays, Sundays, and holidays, to conduct inspections of the property and any structures thereon …

(a) Every agreement for the purchase and sale of residential real estate located in the state shall contain an acknowledgement that a completed real estate disclosure form has been provided to the buyer by the seller. (b) Failure to provide the seller disclosure form to the buyer…

(a) The fact or suspicion that real property may be or is psychologically impacted is not a material fact requiring disclosure in any real estate transaction. “Psychologically impacted” means an impact being the result of facts or suspicions including, but not limited to, the fol…

Any information required to be disclosed by this chapter to a prospective buyer by a public agency is deemed to comply with the requirements of this chapter and relieves the seller or agent of any further duty under this chapter as to that item of information.

(a) The delivery of a report or opinion prepared by an engineer, land surveyor, geologist, home inspector, pest control operator, contractor, or other expert, dealing with matters within the scope of the professional’s license or expertise, is sufficient compliance to qualify for…

Neither the seller nor agent is liable for any error, inaccuracy, or omission of any information delivered pursuant to this chapter if the error, inaccuracy, or omission was not within the personal knowledge of the seller or agent; was based on information timely provided pursuan…

This legislation provides the department with the statutory authority to develop and implement registration requirements for appraisal management companies (“AMCs”) in connection with valuing properties collateralizing mortgage loans or mortgages incorporated into a securitizatio…

(a) Each appraisal management company applying to the department for a registration in this state shall designate one controlling person who will be the principal contact for all communication between the department and the appraisal management company. (b) Any employee of the ap…

An appraisal management company registered in this state pursuant to this chapter may not enter into contracts or agreements with an independent fee appraiser for the performance of residential real estate appraisal services unless that person is licensed or certified and in good…

(a) It shall be unlawful for any employee, director, officer, or agent of an appraisal management company registered in this state to influence or attempt to influence the development, reporting, or review of an appraisal through coercion, extortion, collusion, compensation, inst…

An appraisal management company registered in this state shall not: (a) Require an independent fee appraiser to collect the appraisal fee from a borrower, homeowner, or other person; (b) Require an independent fee appraiser to provide the company with the appraiser’s digital sign…

(a) An appraisal management company may not remove an appraiser from its appraiser panel, or otherwise refuse to assign requests for real estate appraisal services to an independent appraiser without: (1) Notifying the appraiser in writing of the reasons why the appraiser is bein…

(a) If the department has reasonable grounds to believe that an appraisal management company has violated the provisions of this chapter or that facts exist that would be the basis for an order against an appraisal management company, the department may at any time investigate or…

(a) If the director has reason to believe that any person, firm, corporation, or association is conducting any activities requiring registration under this chapter without obtaining registration or, after the denial, suspension, or revocation of a registration conducts any activi…

(a) Before refusing to issue a registration or suspending or revoking a registration, the director shall notify the applicant or registrant of his or her intended action and the grounds for the action. The applicant or registrant may, within twenty (20) days, file with the direct…

The department shall create and adopt rules that promote and effectuate the purposes of this chapter.

(a) All definitions set forth in § 5-20.7-2 are herein incorporated by reference. (b) As used in this chapter, the following terms shall have the following meanings unless the context clearly specifies otherwise: (1) “Appraisal” means an analysis, opinion, or conclusion relating …

(a) It shall be unlawful for any person or entity to act as a real estate appraisal management company, or to directly or indirectly engage in the business of real estate appraisal management in this state, or to advertise or hold himself, herself, or itself out as engaging in th…

(a) Appraisal management companies shall provide the following information upon registration: (1) Name and contact information of the entity seeking registration; (2) Name and contact information of the controlling person for the entity; (3) If the entity is not a corporation dom…

Every applicant for registration under this chapter who or that is not a resident of this state shall submit with the application an irrevocable consent that service of process in any action against the applicant arising out of the applicant’s activities as an appraisal managemen…

(a) Each appraisal management company shall maintain for five (5) years all business records, either in electronic or paper format, relating to each request for an appraisal service that the appraisal management company has received and to the appraiser who performs the appraisal…

(a) An applicant for registration as an appraisal management company shall submit to the department an application on forms prescribed by the department and pay the required fee(s). (b) The fees for initial registration, renewal, and late renewals shall be determined by the direc…

A registration granted by the department pursuant to this chapter shall be valid for one year from the date on which it is issued.

(a) The department may deny, censure, suspend, or revoke a registration of an appraisal management company issued under this chapter, levy fines or impose civil penalties not to exceed five thousand dollars ($5,000) per violation, if in the opinion of the department, an appraisal…

As used in this chapter: (1) “Board” means the Rhode Island board of examiners in dentistry or any committee or subcommittee of the board. (2) “Chief of the division of oral health” means the chief of the division of oral health of the Rhode Island department of health who is a l…

The term “unprofessional conduct” as used in this chapter includes, but is not limited to, the following items or any combination of them and may be defined by regulations established by the board with the approval of the director: (1) Fraudulent or deceptive procuring or use of …

(a) Any person, firm, corporation, or public officer may submit a written complaint to the board charging the holder of a license to practice dentistry or dental hygiene or a limited registrant with unprofessional conduct, specifying the grounds for the charge. (b) The board shal…

When the board determines, based on the report of the investigating committee, that action is required, or the accused requests a hearing on allegations of unprofessional conduct, a specification of charges of unprofessional conduct against the licensee or limited-registration ho…

The time of the hearing shall be fixed by the hearing committee of the board as soon as is practical. The hearing committee of the board shall issue a notice of a hearing of the charges, which notice shall specify the time and place of the hearing and shall notify the accused tha…

Subpoenas may be issued by the board or the board’s constituted committees to compel the production of documents or other written records or the attendance and testimony of witnesses at any investigation or hearing. The board shall also issue subpoenas at the request and on behal…

After holding a hearing, the hearing committee of the board shall make a written report of its findings of fact, conclusions of law, and disciplinary order, if any.

If a majority of the members of the board, sitting as the hearing committee, vote in favor of finding the accused guilty of unprofessional conduct as specified in the charges, the board shall prepare written findings of fact and law in support of its conclusion. The board shall i…