Broker Licensing Requirements
New broker licensing requirements went into effect on October 16th 2017. Applicants for a broker’s license will be required to complete 90 hours of education approved by the R.I. Department of Business Regulation AND work full-time as a salesperson for two years immediately before applying for a license.
Buying or selling a home or other real estate is likely to be the largest investment that most Rhode Islanders will make in their lifetime. Real estate brokers are legally responsible for assisting members of the public; managing others who do this work; and for holding thousands of dollars of clients’ deposits in an escrow account.
The Rhode Island Department of Business Regulation has approved over 60 courses offered by RI REALTORS® to count toward the required 90 hours of broker education. Added together, these account for 327 hours of approved continuing education (CE) that is accepted by the state to fulfill the 90 hours requirement, more than any other approved real estate school in RI. Without a commitment to certain, days, times, you are able to pick and choose from these approved CE courses which vary in time and duration to accommodate your schedule. In addition, these classes not only count toward the broker 90, but may also be taken to earn CE’s for salesperson and broker license renewal and count toward nationally recognized designations and certifications.
It is imperative that if you are considering obtaining broker licensure, that you familiarize yourself with:
- Steps to obtain broker license
- State requirements & applications
- RI REALTORS® approved course list
- Frequently Asked Questions
Upcoming Broker Pre-license Courses held at RI REALTORS®
The Broker’s Pre-license course is designed to successfully prepare an individual to take the Rhode Island Real Estate Broker’s Examination. This course reviews not only areas covered in the Salesperson’s Examination course but also areas included in the test that are specific to real estate brokerage.
This course makes up 24 hours of the state required 90 of education and runs twice a week for a total of 8 sessions, OR in the accelerated version, meets four days. All classes must be attended for credit. Any missed sessions must be made up in a different session. It is the student’s responsibility to follow up with RI REALTORS® to check on the status of the next available Broker Pre License class.
Please note: Online courses are not accepted to fulfill the 90 hours required to OBTAIN a broker’s license.
|Course fees:||$217 Member
|Textbook:||Mastering Real Estate Principles
(included in course fee)
Registration Information: Registration Information: Register by calling the RI REALTORS® Professional Development Center at 401-785-9380, Option 1 or RI REALTOR® Members may register online through the Member Gateway.
Non-members may register HERE.