state_legiscan_drain · RI
Requires any person in the business of selling, assigning or buying an equitable interest in real estate without taking legal title to such property, to be licensed as a real estate broker or salesperson and to comply with the disclosure requirements.
February 27, 2026
Summary
If enacted, this bill would require any person in the business of selling, assigning, or buying an equitable interest in real estate (without taking legal title) to obtain a real estate broker or salesperson license and comply with disclosure requirements. This primarily affects real estate professionals and investors engaging in such transactions, closing a gap in current licensing rules.
AI-generated summary · Jun 28, 2026. Verify with your compliance counsel before acting.
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Source: https://status.rilegislature.gov/
Common questions
- What does "Requires any person in the business of selling, assigning or buying an equitable interest in real estate without taking legal title to such property, to be licensed as a real estate broker or salesperson and to comply with the disclosure requirements." cover?
- If enacted, this bill would require any person in the business of selling, assigning, or buying an equitable interest in real estate (without taking legal…
- When was it published?
- It was published on February 27, 2026.
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