(a)  The following fees shall be charged by the director:

(1)  For each application, a fee of ten dollars ($10.00);

(2)  For each examination, a fee, the cost of which is limited to the charge as designated by the appropriate testing service’s contract with the department of business regulation;

(3)  For each original broker’s license issued, a fee of eighty-five dollars ($85.00) per annum for the term of the license and for each annual renewal of the license, a fee of eighty-five dollars ($85.00) per annum for the term of renewal. The total fees for the term of initial licensure and of renewal must be paid at the time of application for the license;

(4)  For each original salesperson’s license issued, a fee of sixty-five dollars ($65.00) per annum for the term of the license and for each renewal of the license, a fee of sixty-five dollars ($65.00) per annum for the term of the license. The total fees for the term of initial licensure and of renewal must be paid at the time of application for the license;

(5)  For each change from one broker to another broker by a salesperson, or a broker, a fee of twenty-five dollars ($25.00), to be paid by the salesperson or the broker;

(6)  For each broker’s license reinstated after its expiration date, a late fee of one hundred dollars ($100), in addition to the required renewal fee;

(7)  For each salesperson’s license reinstated after its expiration date, a late fee of one hundred dollars ($100) in addition to the required renewal fee.

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Terms Used In Rhode Island General Laws 5-20.5-11

  • Contract: A legal written agreement that becomes binding when signed.
  • Director: means the director of business regulation for the state. See Rhode Island General Laws 5-20.5-1
  • Real estate: as used in this chapter , includes leaseholds as well as any and every interest or estate in land, whether corporeal or incorporeal, freehold or non-freehold, and whether the property is situated in this state or elsewhere. See Rhode Island General Laws 5-20.5-1

(b)  Every licensed real estate broker and salesperson who desires to renew a license for the succeeding year term shall apply for the renewal of the license upon a form furnished by the director and containing information that is required by the director. Any renewal of a license is subject to the same provisions covering issuance, suspension, and revocation of any license originally issued. At no time shall any license be renewed without examination if the license has expired beyond a period of one year.

History of Section.
P.L. 1973, ch. 215, § 2; P.L. 1981, ch. 249, § 1; P.L. 1983, ch. 70, § 1; P.L. 1987, ch. 184, § 2; P.L. 1988, ch. 129, art. 17, § 1; P.L. 1990, ch. 65, art. 73, § 1; P.L. 2003, ch. 376, art. 23, § 1; P.L. 2004, ch. 595, art. 30, § 3; P.L. 2011, ch. 102, § 1; P.L. 2011, ch. 113, § 1; P.L. 2015, ch. 82, § 6; P.L. 2015, ch. 105, § 6.