10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
The RI-RES exam has 130 questions and runs 4 hours.
These 10 free RI-RES questions are organized by exam domain, so you can see how each part of the Rhode Island Real Estate Salesperson Exam blueprint is tested. Reveal the answer and explanation under each question.
Before a restaurant lease expires, the tenant plans to remove an oven that the tenant bolted to the floor and connected to utility lines. Removal will cause no material damage, and the tenant will repair the mounting holes. Which property classification controls?
Correct answer: A - A trade fixture that remains personal property if removed on time and any installation damage is repaired
For an apartment property, annual potential gross income is $150,000, vacancy and collection loss is $7,500, operating expenses are $52,500, and annual mortgage debt service is $30,000. At a 7.5% capitalization rate, the value indicated by direct capitalization is:
Correct answer: D - $1,200,000
During a listing appointment, the seller says, "I would take $20,000 less than asking, and the basement floods every spring." Later, a prospective buyer asks the listing salesperson whether the property has any known water problems. What is the salesperson's best response?
Correct answer: C - Disclose the recurring flooding as a material condition but protect the seller's confidential bargaining limit
The seller's written offer calls for a $450,000 price and a June 30 closing. The buyer signs it after changing the closing date to July 15 and adding a $5,000 seller credit. What legal effect follows?
Correct answer: A - A counteroffer; the seller must accept the revised date and credit before a contract exists
Reliable information establishes that a resident has a disability and needs an emotional-support animal because of that disability. The housing provider has a no-pets rule, but there is no individualized evidence of a direct threat. Which disposition complies with the Fair Housing Act?
Correct answer: B - Grant the accommodation without a pet fee or deposit; actual damage may still be charged
A residential radon test returns 5.6 pCi/L. How should a licensee accurately frame this result for the buyer?
Correct answer: C - Advise that the result exceeds EPA's 4.0 pCi/L action level and warrants qualified mitigation
Unpaid annual property taxes are $4,320 and are paid in arrears. Closing occurs September 10, the required convention is a 360-day year, and the buyer owns the closing day. Select the correct settlement entry.
Correct answer: D - $2,988 seller debit and buyer credit
At 9:00 a.m., a Rhode Island salesperson learns that the required Errors and Omissions policy has been canceled. No compliant brokerage blanket policy supplies coverage, and a closing is scheduled for the next day. Which sequence do Department of Business Regulation rules require?
Correct answer: C - Cease licensed work immediately, notify the Department within five business days, and resume only after compliant coverage is restored
A Rhode Island compliance review finds this online post: "Warwick - Ocean State Realty - Approx. $2,100 per month with 3% down - tour Saturday." The brokerage and municipality are identified, and the salesperson's name appears in smaller type. What exact correction is still required?
Correct answer: B - Add the words "to a qualified buyer" to the financing statement
Thirty days have passed since a Rhode Island principal broker sent the statutory disputed-deposit letter naming today as the transfer date. The outside 180-day deadline is still ten days away, and no settlement, court order, mutual release, or written extension exists. What must the broker do now?
Correct answer: D - Transfer the disputed funds to the Rhode Island General Treasurer on the stated date
The RI-RES exam also covers these domains. Drill them in the full free practice test:
The full bank has 1,020 more RI-RES questions with explanations.
Continue in the free practice test →
View plans