News

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The Rhode Island Association of REALTORS® Executive Committee has approved some changes to the RIAR purchase and sales agreements.   These changes will be made available to all authorized forms vendors on September 15, 2021.   Keep in mind that some vendors post changes within a week or two while others take a month or longer.

Warwick, R.I. – September 16, 2021 --The median price of single-family homes sold in Rhode Island reached a new peak last month, according to data recently released by the Rhode Island Association of Realtors. At $390,000, the median sales price rose 17.1 percent from 12 months earlier and 1.6 percent from the previous month.  Prices have not fallen from the prior year since January 2017. 

Starting on January 1, 2022, a new Rhode Island law will require real estate licensees to complete a minimum of three hours of approved continuing education about federal, Rhode Island or local fair housing laws or treatment of individuals with disabilities before you renew your license. 

It is easy to understand why some customers get confused when entering an “outside MLS” sale into Matrix. Is the transaction considered a “broker assisted sale” or a “reported for comp only sale” as contemplated by the MLS Rules and Regulations? Find out the difference.

Rhode Island renters struggling to cover rent and utility payments due to COVID may qualify for up to 18 months of emergency assistance thanks to the new federal relief aid. The program can pay for rent and utilities owed back to April 1, 2020 and can also cover up to three months of upcoming rent.