§ 5-20.8-3. Exemptions.
The following transfers are exempt from the provisions of this chapter:
(1) Transfer pursuant to a court order, including, but not limited to, transfer ordered by a probate court in administration of an estate, transfer pursuant to a writ of execution, transfer by a trustee in bankruptcy, transfer by eminent domain, and transfer resulting from a decree for specific performance;
(2) Transfer to a mortgagee by a mortgagor or pursuant to a foreclosure sale, or transfer by a mortgagee who has so acquired the real estate;
(3) Transfer by a fiduciary in the course of the administration of a decedent’s estate, guardianship, conservatorship, or trust;
(4) Transfer from one co-owner to one or more other co-owners;
(5) Transfer made to a spouse, or to a person or persons in the lineal line of consanguinity of one or more of the transferors;
(6) Transfer between spouses resulting from a decree of dissolution of marriage or a decree of legal separation or from a property settlement agreement incidental to that decree;
(7) Transfer from any governmental entity;
(8) Transfer of any new unoccupied dwelling unit from a builder or developer;
(9) Transfer by a relocation company; and
(10) Transfer of title with no consideration.
History of Section.P.L. 1992, ch. 425, § 1.
Structure Rhode Island General Laws
Title 5 - Businesses and Professions
Chapter 5-20.8 - Real Estate Sales Disclosures
Section 5-20.8-1. - Definitions.
Section 5-20.8-2. - Disclosure requirements.
Section 5-20.8-3. - Exemptions.
Section 5-20.8-4. - Buyer’s rights to inspection.
Section 5-20.8-6. - Disclosure of psychologically impacted property.
Section 5-20.8-7. - Public agency notification.
Section 5-20.8-8. - Expert report.
Section 5-20.8-9. - Seller and agent liability.
Section 5-20.8-10. - Subsequent acts.
Section 5-20.8-11. - Lead inspection requirement.