RI Real Estate study materials
RI Real Estate study resources

RI Real Estate study plan

RI Real Estate · Give each week a clear focus.

8 weeks · About 6 hours per week

Week 1

Agency, Brokerage Relationships and Fiduciary Duties

  • Define agency and classify the working relationships created in a Rhode Island transaction, distinguishing client from customer in writing

  • List each fiduciary duty (care, obedience, loyalty, disclosure, confidentiality, accounting) and write one concrete breach scenario for each

  • Compare single agency, dual agency with informed written consent, designated agency, and transaction-brokerage style roles as permitted under Rhode Island rules

  • Map the sequence of agency disclosure obligations from first substantive contact through closing, including disclosure of licensee status in a transaction

  • Draft a one-page client-intake script that captures consent, scope of representation, and confidentiality limits

Your checkpoint

A one-page agency disclosure cheat sheet covering all six fiduciary duties plus 15 self-written scenario questions, scored at 80% or better

Week 2

Rhode Island Real Estate License Law and Regulation

  • Outline the Rhode Island licensing framework, identifying the regulator, the license tiers, and the pre-license and post-license education requirements

  • List the activities that require a license and the specific practices that constitute unlicensed or prohibited conduct

  • Describe the disciplinary process, the range of penalties available, and the conduct categories that most often trigger enforcement

  • Differentiate the recordkeeping, advertising, and escrow-handling duties imposed on Rhode Island brokers and salespersons

  • Build a flashcard set linking each statute or regulation citation you have learned to a plain-English rule statement

Your checkpoint

A 60-card citation-to-rule flashcard deck on Rhode Island license law, self-tested to 85% recall

Week 3

Contracts, Listing Agreements and Purchase and Sale Practice

  • Compare the required elements, permissible terms, and rescission or termination paths of the listing agreement types used in Rhode Island practice

  • Sequence the stages of a Rhode Island residential purchase and sale, from offer through attorney review, inspections, financing contingencies, and closing

  • Identify which contract terms must be in writing and which common contingency provisions protect each party

  • Explain how commissions, compensation offers, and cooperating-broker arrangements are documented between brokerages

  • Diagnose the ten most common contract-mistake scenarios and state the corrective action for each

Your checkpoint

A completed timeline-and-contingency chart for a sample Rhode Island purchase and sale, plus a 20-question contract-analysis quiz with written explanations

Week 4

Financing, Closing and Settlement

  • Distinguish loan types, qualifying ratios, and the components of a monthly housing payment, and compute each from a given scenario

  • Trace the closing process step by step from loan application through funding and recording, naming the parties responsible at each stage

  • Read a settlement statement line by line and classify each charge as buyer-paid, seller-paid, or prorated

  • Explain Rhode Island-specific closing costs, conveyance tax mechanics, and title and recording requirements

  • Identify the disclosure obligations triggered by financing, appraisal, and closing delays

Your checkpoint

A closed-book midterm of 50 mixed questions across Domains 1 through 4, scored at 75% or better with every miss rewritten as a corrected rule statement

Week 5

Property Ownership, Valuation, Transfer and Land Use

  • Classify the forms of ownership, tenancy, and title held in Rhode Island and identify the rights each form conveys

  • Compare the three approaches to value and select the appropriate approach for a given property type

  • Compute gross rent multiplier, capitalization rate, and basic adjustment-based comparables from supplied data

  • Describe the deeds, recording acts, and transfer mechanics that move title from seller to buyer

  • Summarize the land use controls, zoning concepts, and mandated property disclosures that constrain or condition a Rhode Island transaction

Your checkpoint

A valuation and title worksheet with five solved problems (three appraisal computations, two deed or recording scenarios), each annotated with the governing rule

Week 6

Agency, Brokerage Relationships and Fiduciary Duties & Contracts, Listing Agreements and Purchase and Sale Practice

  • Apply agency and contract rules together to resolve dual-agency, undisclosed-interest, and confidentiality conflict scenarios

  • Redo every missed item from the Week 4 midterm and state the corrected legal principle behind each

  • Practice converting a fact pattern into the specific rule that answers it, rather than relying on general recall

  • Time yourself through two 40-question sets covering Domains 1 and 3 and review every rationale

Your checkpoint

A remediation log of all previously missed items plus two timed 40-question sets scored at 85% or better

Week 7

Rhode Island Real Estate License Law and Regulation & Financing, Closing and Settlement & Property Ownership, Valuation, Transfer and Land Use

  • Integrate license-law compliance with financing, closing, and property-ownership scenarios in mixed practice sets

  • Complete two full-length timed practice exams under test-day conditions

  • Rank your five weakest sub-topics by miss rate and drill only those

  • Memorize the numeric and citation facts you repeatedly miss and recite them from memory

Your checkpoint

Two full-length timed practice exams completed with scores recorded and a ranked list of your five weakest sub-topics

Week 8

Agency, Brokerage Relationships and Fiduciary Duties & Rhode Island Real Estate License Law and Regulation & Contracts, Listing Agreements and Purchase and Sale Practice & Financing, Closing and Settlement & Property Ownership, Valuation, Transfer and Land Use

  • Re-drill the five weakest sub-topics until each reaches 85% accuracy or better

  • Take two final timed full-length exams and compare results against Week 7 to confirm upward movement

  • Rehearse test-day logistics, pacing, and a strategy for flag-and-return questions

  • Review all flashcards, cheat sheets, and remediation logs one final time

Your checkpoint

A final readiness check: two timed full-length exams at 85% or better overall and a signed one-page personal readiness summary listing remaining risks

Milestones

Week 2: Score 85% or better on the license-law flashcard self-test and explain, aloud, the Rhode Island agency disclosure sequence without notes

Week 4: Pass the 50-question midterm at 75% or better with every missed item rewritten as a corrected rule statement

Week 6: Complete two timed 40-question sets on agency and contracts at 85% or better and close out the full remediation log

Week 8: Score 85% or better on two consecutive full-length timed exams and have zero unaddressed items on the remediation log