Free Rhode Island Real Estate Practice Exam

Q1.Under federal fair housing law, which accommodation must a property manager provide for a tenant with a disability?

• A.Reducing the security deposit amount
• B.Allowing a service animal even in a 'no pets' property
• C.Providing a larger apartment at the same rent
• D.Waiving application fees for disabled applicants

Q2.Under the Equal Credit Opportunity Act (ECOA), which of the following information can a lender legally request from a loan applicant?

• A.Whether the applicant plans to have children in the future
• B.The race of the applicant for monitoring purposes with voluntary disclosure
• C.The applicant's marital status when applying for a joint account
• D.The applicant's age if they appear to be under 25

Q3.A Rhode Island salesperson deposits a buyer's earnest money check into the salesperson's personal checking account for two days before transferring it to the broker's trust account. This action is best described as:

• A.Permissible, provided the funds are transferred within five business days
• B.Permissible, because the salesperson intends to forward the funds to the broker
• C.Commingling, which is a prohibited practice under Rhode Island law
• D.Acceptable if the buyer gives written permission for the temporary deposit

Q4.A real estate agent tells a prospective buyer that a particular neighborhood is 'changing' and suggests the buyer should purchase quickly before property values decline due to an influx of minority residents. This practice is known as:

• A.Steering
• B.Blockbusting
• C.Redlining
• D.Puffing

Q5.Under CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act), which party would most likely be held liable for environmental cleanup costs at a contaminated commercial property that changed hands multiple times?

• A.All current and past owners, operators, and transporters of hazardous substances
• B.Only the party that originally caused the contamination
• C.Only the current owner at the time contamination was discovered
• D.Only parties who had actual knowledge of the contamination

Q6.Under RIGL § 5-20.5-26, Rhode Island's mandatory agency disclosure law requires a real estate licensee to provide a written agency disclosure to a prospective buyer or seller at what point in a transaction?

• A.Only at the time of signing the purchase and sale agreement.
• B.At the first substantive contact with the prospective buyer or seller.
• C.Within 24 hours after the first showing of any listed property.
• D.At the time the listing agreement or buyer representation agreement is executed.

Q7.A salesperson is showing a property built before 1978. Under federal law, the seller must provide the buyer with a disclosure about the possible presence of which hazardous substance?

• A.Asbestos
• B.Radon
• C.Lead-based paint
• D.Mold

Q8.The primary difference between quid pro quo harassment and hostile environment harassment in a housing context is:

• A.Quid pro quo conditions housing on submission to sexual demands; hostile environment creates an abusive living condition through pervasive conduct
• B.Quid pro quo involves a monetary demand; hostile environment involves physical contact only
• C.Hostile environment claims require a criminal conviction; quid pro quo does not
• D.Only quid pro quo harassment is covered by the Fair Housing Act — hostile environment is not

Q9.At a real estate closing, the buyer's earnest money deposit that was held in the listing broker's escrow account is typically handled by:

• A.Being forfeited entirely to the listing broker as commission
• B.Being credited toward the buyer's closing costs or down payment
• C.Being returned automatically to the buyer after closing
• D.Being deposited into a government-held escrow account

Q10.Under the Equal Credit Opportunity Act (ECOA), a lender reviewing a purchase contract may NOT consider which of the following factors when evaluating a loan application?

• A.The borrower's employment history and income stability
• B.The borrower's credit score and payment history
• C.The borrower's plans to have children within five years
• D.The borrower's debt-to-income ratio

Q11.Under the OLDCAR fiduciary duties, which duty requires the agent to place the client's interests above the agent's own financial interests?

• A.Disclosure
• B.Loyalty
• C.Confidentiality
• D.Reasonable care

Q12.Under the Rhode Island Fair Housing Practices Act, which of the following characteristics is a protected class that is SPECIFIC to Rhode Island law and NOT included in the federal Fair Housing Act?

• A.Race
• B.National origin
• C.Homelessness
• D.Religion

Q13.Under Rhode Island law, when must a listing agent provide the mandatory agency disclosure form to a prospective buyer who contacts the agent directly about a listed property?

• A.At the time of the first substantive contact with the prospective buyer
• B.Only at the time a purchase and sale agreement is signed
• C.Within 24 hours after showing the property
• D.Before the buyer submits a written offer

Q14.Under Rhode Island Real Estate Commission rules and R.I. Gen. Laws § 5-20.5, a supervising broker is audited and inspectors find that transaction files for closed sales are missing signed agency disclosure forms. Which statement BEST reflects the broker's regulatory exposure?

• A.The broker faces no liability because agency disclosure is the salesperson's individual responsibility and the salesperson's license is at risk, not the broker's.
• B.The broker may face disciplinary action, including suspension or revocation, because brokers are required to maintain complete transaction records, including agency disclosure forms, for a minimum period prescribed by Commission rules.
• C.The broker is only liable if the missing forms caused actual financial harm to a consumer.
• D.The broker's only obligation is to retroactively obtain the missing signatures before the next audit cycle.

Q15.A homeowner is selling a house built in 1975. Under federal law, what disclosure obligation does the seller have regarding lead-based paint?

• A.No disclosure is required because homes built after 1960 are exempt
• B.The seller must disclose any known lead-based paint hazards and provide an EPA-approved information pamphlet
• C.The seller must hire a certified inspector to test for lead before listing the property
• D.The seller must remediate all lead-based paint hazards before transferring title