A new Rhode Island law 936 (Public Law 186) took effect that prohibits anyone who is licensed as a mortgage loan originator and a real estate broker or salesperson, from handling and being compensated to handle both roles in the same transaction. The law does not prevent individuals from holding both types of licenses as long as they’re not used in the same transaction.
Two new Rhode Island condominium laws went into effect upon passage on June 24, 2025. The first requires a condominium executive board to hold a special meeting if requested by 20% of the unit owners or any other lower percentage required in the condominium bylaws, and the purpose of the meeting is to discuss an issue on which owners have a right to vote.
Enacted on June 13, 2025, a new law (054) prohibits the use and recording of service agreements that would be unfair to existing or future owners of residential property with 1 – 4 dwelling units that is used mainly for “personal, family or household purposes.” The law, prohibits agreements for the maintenance of, purchase, or sale of residential real estate that can’t be completed within a year, with some exemptions.
Senate Bill No. 626 (Chapter 100) went into effect upon passage on June 23, 2025 and requires the towns and cities to incorporate into maps all public rights of ways, that have been designated by the Coastal Resources Management Council to reach tidal areas, including shoreline and beach access.