§ 5-20.5-8. Corporations, partnerships, or associations engaging in business.
The real estate broker’s license issued to any corporation, partnership, or association shall designate the name of the one principal active officer of the corporation, partnership, or association for whom that license is valid and every other active broker or salesperson of that corporation, partnership, or association is obliged to obtain an individual license as a real estate broker or salesperson.
History of Section.P.L. 1973, ch. 215, § 2.
Structure Rhode Island General Laws
Title 5 - Businesses and Professions
Chapter 5-20.5 - Real Estate Brokers and Salespersons
Section 5-20.5-1. - Definitions.
Section 5-20.5-2. - Persons exempt.
Section 5-20.5-3. - Contents of application — Application fee — Recommendations required.
Section 5-20.5-4. - Examination of applicants — Examination fee — Licensing without examination.
Section 5-20.5-5. - Real estate recovery account.
Section 5-20.5-8. - Corporations, partnerships, or associations engaging in business.
Section 5-20.5-9. - Temporary license issued to representative of deceased broker.
Section 5-20.5-11. - Fees and license renewals.
Section 5-20.5-13. - [Repealed.]
Section 5-20.5-14. - Revocation, suspension of license — Probationary period — Penalties.
Section 5-20.5-15. - Hearings before revocation or suspension of license.
Section 5-20.5-17. - Penalties for violations.
Section 5-20.5-18. - Department assistance in educational programs.
Section 5-20.5-21. - Actions for recovery of fee or commission.
Section 5-20.5-22. - Severability.
Section 5-20.5-23. - [Repealed.]
Section 5-20.5-24. - [Repealed.]
Section 5-20.5-25. - Errors and omissions insurance required of real estate licensees.
Section 5-20.5-27. - License required for ownership.
Section 5-20.5-28. - Order to cease unsafe practices — Appeal.