Free Rhode Island Real Estate Practice Exam

Q1.A Rhode Island broker is found to have commingled client funds with personal funds. In addition to other penalties, what is the likely outcome regarding their license?

• A.Mandatory continuing education requirement
• B.Automatic license suspension pending hearing
• C.Written reprimand only for first offense
• D.Fine but no impact on license status

Q2.A condominium association in Rhode Island denies a reasonable accommodation request for a support animal without engaging in an interactive process to evaluate the request. This action is:

• A.Legal if the association has a no-pets policy
• B.Legal if the animal would cause undue financial burden
• C.Illegal under state and federal fair housing laws
• D.Legal if other residents object to the animal

Q3.In Rhode Island, discriminatory lending practices in real estate transactions are prohibited under:

• A.Federal law only
• B.State fair housing law only
• C.Both federal and state fair housing laws
• D.Banking regulations only

Q4.Under Rhode Island law, which of the following activities requires a real estate license?

• A.A homeowner selling their own property
• B.An attorney handling a real estate closing for a client
• C.A property manager collecting rent for multiple owners for compensation
• D.A bank employee conducting foreclosure sales

Q5.Under Rhode Island real estate license law, a broker who operates a real estate business must maintain errors and omissions insurance in what minimum amount?

• A.$50,000 per occurrence
• B.$100,000 per occurrence
• C.$250,000 per occurrence
• D.$500,000 per occurrence

Q6.Under the Fair Housing Act, which of the following would be considered a prohibited discriminatory practice in property use restrictions?

• A.Requiring a minimum income qualification of three times the monthly rent
• B.Prohibiting pets except for service animals
• C.Restricting occupancy to families without children under 18
• D.Requiring a security deposit equal to one month's rent

Q7.Which of the following would terminate an easement in Rhode Island?

• A.Sale of the servient estate only
• B.Merger of dominant and servient estates
• C.Death of the easement holder in an easement appurtenant
• D.Change in use of the dominant estate

Q8.How many hours of pre-licensing education are required for a Rhode Island salesperson license?

• A.40 hours
• B.60 hours
• C.90 hours
• D.120 hours

Q9.A buyer's lender requires an environmental assessment before approving a commercial loan. The Phase I ESA reveals a recognized environmental condition (REC). What should the broker recommend as the next step?

• A.Proceed with the transaction since Phase I found no actual contamination
• B.Cancel the transaction immediately
• C.Recommend a Phase II Environmental Site Assessment to determine if contamination exists
• D.Require the seller to remediate the property before closing

Q10.Under Rhode Island law, what happens if a salesperson changes their business address without notifying the Real Estate Commission within the required timeframe?

• A.Nothing, as long as they notify within 60 days
• B.The license may be subject to disciplinary action
• C.The license is automatically suspended
• D.A warning letter is issued with no other consequences

Q11.Which factor would NOT typically be considered when making adjustments in the sales comparison approach?

• A.Date of sale
• B.Physical characteristics
• C.Original purchase price of the subject property
• D.Location differences

Q12.Under the Rhode Island Fair Housing Practices Act, which characteristic is specifically protected beyond federal fair housing laws?

• A.Marital status
• B.Sexual orientation
• C.Age
• D.All of the above

Q13.In a dual agency relationship, the agent owes which of the following duties to both parties?

• A.Loyalty and undivided loyalty
• B.Confidentiality of all information
• C.Honest dealing and fair treatment
• D.Advocacy for the best possible terms

Q14.Under the Fair Housing Act, which of the following is NOT a protected class in housing transactions?

• A.Race
• B.Religion
• C.Sexual orientation
• D.National origin

Q15.Which federal agency has primary authority over environmental site assessments and contaminated property cleanup?

• A.Department of Housing and Urban Development (HUD)
• B.Federal Trade Commission (FTC)
• C.Environmental Protection Agency (EPA)
• D.Consumer Financial Protection Bureau (CFPB)