RI Real Estate case studies
RI Real Estate · Put your knowledge to work in context.
The Rhode Island Real Estate Salesperson License Examination is the licensing test that candidates must pass to be licensed as a real estate salesperson in Rhode Island. Licensing authority rests with the Rhode Island Department of Business Regulation (DBR), which oversees real estate through its Real Estate and Commercial Licensing division and publishes the application and renewal pathways for real estate licenses. The RI Real Estate case studies are 5 cases and about 1,800 words.
1Cousin Buyer and the Seller's Bottom Line
Broker A holds an exclusive-right-to-sell listing at 489,000 on a single-family home; the listing expires in 60 days. Agent R, who works in Broker A's office, has a signed buyer-agency agreement with her cousin, whose budget is 480,000.
398 words, about 2 min2Unlicensed Assistant, Team Ads, and a Deposit Check
Broker B operates 'Ocean State Homes Team.' Sam, an unlicensed assistant, answers the team's main phone, tells a caller the team will 'shave 2% off the commission,' sends a new listing to the MLS, and hosts Sunday open houses where he discusses price and terms. Team ads show only 'Ocean State Homes Team,' not Broker B's licensed name.
351 words, about 2 min3Escalation Clause, As-Is Counter, and Appraisal Gap
Buyer submits a written offer at 612,000 with an escalation clause to 632,000 in 2,000 increments, 20% down conventional financing, a 10-day inspection contingency, a 30-day financing contingency, and no appraisal contingency. Buyer has 140,000 cash for down payment and closing.
333 words, about 2 min4Appraisal Shortfall and a Seller Credit That Cannot Fix Everything
Buyer has a preapproval for 415,000 at 5% down conventional. The accepted contract price is 415,000, with a 21-day closing, a 12,450 seller credit (3% of price), and buyer's lease ending in 30 days.
340 words, about 2 min5Two Contiguous Lots, a Wetland Buffer, and a Buildable-Lot Question
Owner owns two contiguous parcels: Lot 1 is 12,000 sq ft with a 1950 cottage; Lot 2 is 30,000 sq ft vacant. Zoning requires 20,000 sq ft minimum lot area and 100 feet of frontage.
378 words, about 2 min