Category Archives: News

News

Changes to RIAR Real Estate Sales Disclosure Form

The RIAR Real Estate Sales Disclosure has been updated to comply with changes to Rhode Island law that take effect on January 1, 2020. The original legislation would have required sellers to disclose whether the property had been used to cultivate cannabis. In response to concerns about legal and medical privacy concerns, the legislation was …

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NEW: Completion of all pre-licensing education required to take exam

The R.I. Department of Business Regulation has announced that now anyone who wishes to take the Rhode Island real estate broker’s or salesperson’s examination must present a Certificate of Completion from an approved Rhode Island school at the Pearson Vue Testing Center. The certificate must state that test-taker completed 45 hours for a candidate for …

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Changes to RIAR disclosure of personal interest or family relationship

As of November 27, 2019, real estate licensees will no longer risk losing their entire commission for failing to disclose a personal or family relationship in writing. The R.I. Association of REALTORS® worked with the R.I. Department of Business Regulation to change the penalty to a maximum fine of $2,000 per violation, the standard penalty …

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Home inspector licensing begins Jan. 1, 2020

Enforcement begins April 1 A Rhode Island law requiring home inspectors to be licensed will finally be enforced, two decades after it was first enacted. Starting on January 1, 2020, inspectors will be able to apply for home inspector or associate inspector licensing. According to the Rhode Island Contractors’ Registration and Licensing Board, inspectors will …

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DBR adopts staggered license renewal for new licensees

Any applicant who is issued a new real estate broker’s or salesperson’s license on or after January 1, 2020 will be required to renew his/her licensee two years after the date on which the new license was first issued. According to the RI Department of Business Regulation, the purpose for this change is to make …

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New MLS Policy

The National Association of REALTORS has approved of the following policy as the new MLS Statement 8.0, NAR Handbook on Multiple Listing Policy: Within one (1) business day of marketing a property to the public, the listing broker must submit the listing to the MLS for cooperation with other MLS participants. Public marketing includes, but …

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New RatePlug look and features to help Agents sell homes.

New pre-approval request, new flyer templates, and a bold new look for your buyers! RatePlug still lets you share accurate home payment estimates from your trusted lenders directly within any property listing you send your clients, but now the process to get your buyers asking questions about their financing earlier, to avoid snags later is …

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Introducing 2020 R.I. Association of REALTORS® President, Shannon Buss

Warwick, RI – The Rhode Island Association of Realtors today announced the election of Shannon Buss as 2020 president. A broker associate and professional development manager with Randall, Realtors, Buss assumes her duties for the 5400-member association this week, having been recently installed at the National Association of Realtors Annual Conference in San Francisco. Buss …

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