Real Estate Institute of Rhode Island All Rights Reserved | CopyRight 2023 ® Questions about the Rhode Island real estate classes and Real Estate Licensing Rhode Island
The top questions about the Rhode Island real estate classes
What are the requirements for obtaining a real estate license in Rhode Island?
Answer: To become a licensed real estate agent in Rhode Island, you must complete a 45-hour pre-licensing course, pass a real estate exam, and submit an application to the Rhode Island Department of Business Regulation.
Are online real estate courses approved by the state of Rhode Island?
Answer: Yes, online real estate courses are approved by the state of Rhode Island. However, it's important to choose a reputable and accredited real estate school that is approved by the Rhode Island Department of Business Regulation. Thats us, RealEstate Institute of Rhode Island
How long does it take to complete the pre-licensing course?
Answer: The pre-licensing course in Rhode Island consists of 45 hours of instruction, which can be completed by choosing day, night or weekend class schedules.
How much does it cost to enroll in the Rhode Island real estate licensing classes?
Answer: The total cost is just $325.00 and includes all books and class materials.
What topics are covered in the pre-licensing course?
Answer: The pre-licensing course covers a variety of topics related to real estate, including contracts, property ownership, finance, appraisal, and real estate law.
Can I take the real estate exam online in Rhode Island?
Answer: Yes, the real estate exam can be taken online in Rhode Island through a state-approved testing provider.
What does it cost to take the exam?
Answer: $100.00 ($50.00 for the uniform portion and $50.00 for the Rhode Island law portion)
By earning my Rhode Island real estate license can I practice real estate in other states?
Answer: Yes and No. By earning your Rhode Island real estate license you can apply for a license in Massachusetts, Connecticut and Florida with having to take that respective states licensing classes and exam. If you want to practice in any other state you will need to meet their individual real estate state licensing requirements.
What are the Rhode Island licensing fee's?
Answer: The state of Rhode Island charges $140.00 for a two year license, a one time fee of $25.00 to the real estate recovery fund. In addition applicants must provide proof of errors and omissions insurance. (The certificate of E&O insurance will be provided by the brokerage you affiliate with)
Are there any continuing education requirements for real estate agents in Rhode Island?
Answer: Yes, licensed real estate agents in Rhode Island are required to complete 24 hours of continuing education courses every two years to maintain their license.
Can I complete my continuing education courses online?
Answer: Yes, you can complete yourcontinuing education courses online at your own pace.
How long is the real estate exam and how many questions are on the exam?
Answer: The real estate exam in Rhode Island consists of 2 parts, the uniform portion has 80 multiple choice questions with 2.5 hours allotted to complete and the Rhode Island law portion which has 50 questions and 1.5 hours allotted to complete.
Does the Real Estate Institute of Rhode Island administer the exam?
Answer: No, the exam is administered by Pearson Vue as authorized by the Rhode Island Department of Business Regulation. For more information read the Rhode Island Real Estate Exam Candidate Handbook
Can you retake the real estate exam if you fail?
Answer: Yes
How much can I expect to earn as a real estate agent in Rhode Island?
Answer: The average annual salary for real estate agents in Rhode Island is around $60,000, but earnings can vary based on experience, location, and other factors.
What resources are available to help me prepare for the real estate exam in Rhode Island?
Answer: There are many resources available to help you prepare for the real estate exam in Rhode Island, including online practice exams, study guides, and exam prep courses.
How do I become a Realtor® and member of the Multiple Listing Service?
Answer: The brokerage you affiliate with will submit an application to the Realtor® Association and State Wide Multiple Listing Service (MLS) for membership. Not all brokerages are members of the Realtor® Association and MLS.
What should I look for when choosing a real estate school in Rhode Island?
Answer: When choosing a real estate school in Rhode Island, it's important to look for a school that is accredited, approved by the Rhode Island Department of Business Regulation, and offers comprehensive courses and experienced instructors. Additionally, consider the school's reputation, student support services, and job placement assistance.