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Real Estate Salesperson Exam — National Portion

Agency (RI): practice questions

Our Real Estate (National) bank has 6 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Rhode Island

Once a dual facilitation situation arises, may the dual facilitator prepare a new comparative market analysis for either party?

  1. Yes, for both parties equally
  2. Yes, if the buyer pays for it
  3. Yes, but only for the seller
  4. No
Show the answer

D. No — R.I. Gen. Laws 5-20.6-6(c)(4).

Question 2 · Rhode Island

Two agents of the same principal broker represent the buyer and seller. In what role does the principal broker act?

  1. Dual agent for both
  2. Seller's designated client representative
  3. Transaction coordinator
  4. Facilitator
Show the answer

C. Transaction coordinator — R.I. Gen. Laws 5-20.6-5(d).

Question 3 · Rhode Island

A buyer refuses to sign the acknowledgement of the mandatory relationship disclosure. What must the licensee do?

  1. Sign and date a written declaration of the refusal
  2. Stop working with the buyer and notify the principal broker in writing
  3. Report the buyer to the commission
  4. Treat the buyer as a client anyway
Show the answer

A. Sign and date a written declaration of the refusal — R.I. Gen. Laws 5-20.6-8(b).

Question 4 · Rhode Island

By when must a designated client representative relationship be set up and the disclosure signed?

  1. No later than preparing the offer, sales agreement, or lease
  2. At or before the closing
  3. Before the first showing of any property
  4. Within 3 business days after the first face-to-face meeting with the consumer
Show the answer

A. No later than preparing the offer, sales agreement, or lease — R.I. Gen. Laws 5-20.6-8(d).

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