Kerry Park


All Posts from Kerry Park

News

Files and records – save or toss?

Is getting rid of unnecessary records and paperwork one of your New Year’s resolutions? Make sure you know what to save and what to toss. The Rhode Island Department of Business Regulation requires real estate licensees to keep certain records for a minimum of three years from the date of receipt. These records include bank …

News

New licensing coming to RI Contractors’ Registration and Licensing Board

The Rhode Island Contractors’ Registration and Licensing Board has announced that as of January 1, 2020, it will begin issuing several new professional licenses mandated by the General Assembly years ago, for the building and construction industries. These licenses, which follow a complete updating of the Board’s promulgated rules and regulations, will promote public safety, …

Market Trends

Median sales price climbs in November in R.I.’s housing market

Warwick, RI, December 19, 2019 – Sales data released today by the Rhode Association of Realtors showed that the median sales price of single-family homes sold in Rhode Island rose to $290,000 in November, an 8.3 percent increase over November of 2018. Though sales activity decreased by 5.6 percent year-over-year, pending sales – or those …

News

Recruitment FAQs

Recruitment can be a useful tool to attract talent for real estate companies and teams. QUESTION: Is it legal or ethical for REALTORS® to recruit salespeople and brokers from other real estate companies or teams? ANSWER: Neither the REALTOR® Code of Ethics nor Rhode Island license law regulate or mention recruitment. However, laws that prohibit …

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 took 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 …

News

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 …

News

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 …

News

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 …

News

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 …