RI Real Estate study plan
RI Real Estate · Give each week a clear focus.
8 weeks · About 6 hours per week
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
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
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
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
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
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
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
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