Rhode Island General Laws 5-20.5-9. Temporary license issued to representative of deceased broker
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In the event of the death of a licensed real estate broker who is the sole proprietor of a real estate business, the director shall, upon application by his or her legal representative, issue, without examination, a temporary license to that legal representative, or to an individual designated by him or her and approved by the director, upon filing of the required bond and the payment of the prescribed fee, that authorizes the temporary licensee to continue to transact the business for a period not to exceed one year from the date of death.
History of Section.
P.L. 1973, ch. 215, § 2.
Terms Used In Rhode Island General Laws 5-20.5-9
- 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