AN ACT RELATING TO BUSINESSES AND PROFESSIONS -- REAL ESTATE BROKERS AND SALESPERSONS
Signed by Governor
Summary
The law creates a new chapter that regulates real‑estate wholesaling in Rhode Island. Anyone who sells or assigns an equitable interest in property without taking title must hold a real‑estate broker or salesperson license, or meet an exemption, and must provide written disclosures. Violations are subject to fines and possible civil restitution.
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