News

Did you have an ownership interest in a limited liability company (LLC)?   

If you’re buying or selling real estate through a LLC, a corporation, other business entity or a trust, Rhode Island Commercial Licensing Regulation 230-RICR-30-20-2 requires you to disclose your ownership interest in writing to the buyer or seller on the other side of the transaction. Review these FAQs to ensure you're complying with regulations.

Sales statistics released by the Rhode Island Association of Realtors show no surprises in Rhode Island’s housing market as most trends from the last several months continued in March. Sales activity in the single-family home market remained well below that seen 12 months earlier and the median price of homes sold, while still above that of March 2022, showed continued deceleration in the rate of appreciation.

Changes have been made to the RIAR Residential Lease and Backup Addendum. These changes will be sent to forms vendors by the end of April. The exact time that you see the forms will depend on when your preferred forms vendor posts the changes.