Where can I get E&O Insurance in RI?

Before you apply for a RI salesperson license, you need to complete the pre-licensing education, pass the state licensing exam, order your criminal history check, purchase errors and omissions insurance, and be hired by a principal broker. Once you've done all that, you can submit your license application.

The Department of Business Regulation (DBR) highly recommends that you apply online for your license. You need to gather all of your documentation for uploading into the online system. Alternatively, you can print and mail the paper application, but expect the processing time to take longer.

Yes, you can apply online for your salesperson license in Rhode Island. In fact, the Department of Business regulation prefers for you to submit an online application because the processing time is much faster.

The Rhode Island salesperson license application fee has two separate checks or money orders. You will pay $140 made out to the Rhode Island General Treasurer and $25 paid to the Real Estate Recovery Account. In total, the application fee will be $165.

You need to have the following documents ready for upload: ● Pre-licensing education proof of completion ● Lead Poisoning / Lead Hazard mitigation course completion certificate ● State licensing exam score report ● Certificates of errors and omissions insurance ● Three recommendations from Rhode Island residents

After passing the state licensing exam, you have up to one year to file your application with the Department of Business Regulation. File as soon as you are ready to prevent any processing delays.

No. Your principal broker has a section of the license application that they must complete stating they intend to hire and supervise your work. The state won't issue your license without a supervising broker.

If you have an inactive license, you cannot engage in any real estate brokerage activities. An active license means you can work as a real estate agent, perform real estate brokerage activities, and be compensated for work as a real estate professional.

Rhode Island Real Estate salespersons must work under the supervision of a licensed broker to maintain an active real estate license. Once you have met the education requirements, passed the state licensing exam, been hired by a broker, and secured errors and omissions insurance, you can file your application.

Holding a broker license enables you to open and run your own brokerage. You will be able to hire employees to work in the business of real estate. A salesperson is licensed to work under the supervision of a broker.

You can go to the State of Rhode Island's Department of Business Regulation license lookup to see if you have been listed in their directory.

All Rhode Island real estate professionals must carry Errors and Omissions insurance independently. The Rhode Island Association of Realtors maintains a partial list of insurance carriers who provide this type of coverage. The coverage must meet the minimum limits set by the Department of Business Regulation.