reglab/housing_qa huggingface dataset:
RI Gen L § 5-20.6-7 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.6 - Relationships in Residential Real Estate Transactions|Section 5-20.6-7 - Duty to protect confidential information.

§ 5-20.6-7. Duty to protect confidential information.(a) Unless otherwise authorized in subsection (b), a licensee may not disclose the confidential information of: (i) A client, in the case of a designated client representative; or (ii) A customer, in the case of a dual facilitator or transaction coordinator; or (iii) Any represented party, in the case of an affiliated licensee who is not appointed a designated client representative, without the client or customer's consent.(b) A licensee may disclose confidential information that is a matter of general knowledge or a part of a public record or file to which access is authorized, or when necessary to defend the licensee against a claim brought by the client, or is otherwise subject to disclosure by law.(c) A principal broker shall implement reasonable procedures to protect the confidential information of all clients of designated client representatives and, as required by this chapter, to protect the confidential information of customers of transaction facilitators. A designated client representative shall have no duty to protect confidential information of a party not a client unless the confidential information of the party was previously acquired by the designated client representative as a result of a prior client or transaction facilitator relationship with the party.History of Section.P.L. 1989, ch. 141, § 2; P.L. 1990, ch. 425, § 2; P.L. 2007, ch. 344, § 1; P.L. 2007, ch. 403, § 1.
RI Gen L § 5-20.6-9 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.6 - Relationships in Residential Real Estate Transactions|Section 5-20.6-9 - Written requirement for representation of a client.

§ 5-20.6-9. Written requirement for representation of a client.(a) A licensee shall not act as a designated client representative until the licensee has complied with § 5-20.6-8.(b) Each principal broker shall keep a receipt of the executed, mandatory relationship disclosure in accordance with § 5-20.5-8(b).History of Section.P.L. 2007, ch. 344, § 2; P.L. 2007, ch. 403, § 2.
RI Gen L § 5-20.6-10 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.6 - Relationships in Residential Real Estate Transactions|Section 5-20.6-10 - Client representation contract - Minimum requirements.

§ 5-20.6-10. Client representation contract — Minimum requirements.If a seller, buyer, landlord, or tenant and principal broker elect to enter into a client representation contract, the contract shall meet the following requirements:(1) Be an express, written contract;(2) Include terms of compensation;(3) Describe all services and limitations on services to be performed by the principal broker and his or her affiliated licensees;(4) State that a principal broker may appoint one or more affiliated licensees to act as the designated client representative(s) for a seller or landlord and one or more affiliated licensees to act as the designated client representative(s) for a buyer or tenant in the same transaction after a licensee has obtained consent from the client being represented; and(5) Be signed by all parties.History of Section.P.L. 2007, ch. 344, § 2; P.L. 2007, ch. 403, § 2.
RI Gen L § 5-20.6-11 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.6 - Relationships in Residential Real Estate Transactions|Section 5-20.6-11 - Relationship and compensation.

§ 5-20.6-11. Relationship and compensation.The payment or promise of payment or compensation to a licensee does not create an agency relationship between any licensee and buyer, seller, tenant, or landlord.History of Section.P.L. 2007, ch. 344, § 2; P.L. 2007, ch. 403, § 2.
RI Gen L § 5-20.6-12 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.6 - Relationships in Residential Real Estate Transactions|Section 5-20.6-12 - Rules and regulations.

§ 5-20.6-12. Rules and regulations.The director shall issue reasonable rules and regulations with the consent of the majority of the Rhode Island real estate commission governing the relationships of licensed real estate brokers and salespersons. These rules and regulations shall be designed to implement the laws and policies of this state and to protect the interests of the public.History of Section.P.L. 2007, ch. 344, § 2; P.L. 2007, ch. 403, § 2.
RI Gen L § 5-20.6-13 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.6 - Relationships in Residential Real Estate Transactions|Section 5-20.6-13 - Penalty for violation.

§ 5-20.6-13. Penalty for violation.(a) Each violation of this chapter by a licensee shall constitute a violation of law pursuant to chapter 20.5 of this title and the regulations promulgated thereunder and may subject the licensee to disciplinary action.(b) Failure to provide the mandatory relationship disclosure in accordance with § 5-20.6-8 does not void the sales agreement nor create any defect in title.History of Section.P.L. 2007, ch. 344, § 2; P.L. 2007, ch. 403, § 2.
RI Gen L § 5-20.7-1 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-1 - Short title.

§ 5-20.7-1. Short title.This chapter shall be known and may be cited as the "Rhode Island Real Estate Appraiser Certification Act."History of Section.P.L. 1990, ch. 424, § 1.
RI Gen L § 5-20.7-2 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-2 - Definitions.

§ 5-20.7-2. Definitions.When used in this chapter, unless the context indicates otherwise:(1) "Appraisal" or "real estate appraisal" means an analysis, opinion, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real estate. An appraisal may be classified by subject matter into either a valuation or an analysis. A "valuation" is an estimate of the value of real estate or real property. An "analysis" is a study of real estate or real property other than estimating value.(2) "Appraisal Foundation" means the Appraisal Foundation incorporated as an Illinois not-for-profit corporation on November 30, 1987. The purposes of the Appraisal Foundation are:(i) To establish and improve uniform appraisal standards by defining, issuing, and promoting such standards;(ii) To establish appropriate criteria for the certification, licensing, and recertification of qualified appraisers by defining, issuing, and promoting that qualification criteria; to disseminate that qualification criteria to states, governmental entities, and others; and(iii) To develop or assist in the development of appropriate examinations for qualified appraisers.(3) "Appraisal report" means any communication, written or oral, of an appraisal.(4) "Board" means the real-estate appraisal board established pursuant to the provisions of this chapter.(5) "Certified appraisal" or "certified appraisal report" means an appraisal or appraisal report given or signed and certified as such by a state-certified real estate appraiser or state-licensed real estate appraiser. When identifying an appraisal or appraisal report as "certified," the state-certified real estate appraiser shall indicate on it whether he or she has been licensed or certified as a residential or general state-certified real estate appraiser. A certified appraisal or appraisal report represents to the public that it meets the appraisal standards defined in this chapter.(6) "Department" means the department of business regulation.(7) "Director" means the director of the department of business regulation.(8) "Real estate" means an identified parcel or tract of land, including improvements, if any.(9) "Real property" means one or more defined interests, benefits, and rights inherent in the ownership of real estate.(10) "State-certified real estate appraiser" means a person who develops and communicates real estate appraisals and who holds a current, valid certificate issued to him or her for either general or residential real estate under the provisions of this chapter. A duly certified appraiser is not required to hold a real estate broker's or salesperson's license under chapter 20.5 of this title.History of Section.P.L. 1990, ch. 424, § 1; P.L. 1992, ch. 275, § 1.
RI Gen L § 5-20.7-3 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-3 - Certification required.

§ 5-20.7-3. Certification required.(a) No person, other than persons certified in accordance with the provisions of this chapter, shall assume or use that title or any title, designation, or abbreviation likely to create the impression of certification as a real estate appraiser by this state. A person who is not certified pursuant to this chapter shall not describe or refer to any appraisal or other valuation of real estate located in the state by the term "certified."(b) This chapter precludes any person who is not certified as a state-certified real estate appraiser from appraising real property for compensation under chapter 20.5 of this title; provided, however, that this chapter does not preclude any person who holds a license pursuant to chapter 20.5 of this title and, in the ordinary course of business, from giving a written or oral opinion of value of real estate for the purposes of a prospective listing, purchase, sale, or business valuation; provided, however, that such opinion of value shall not be referred to as an appraisal.(c) Nothing in this chapter shall preclude a trainee directly supervised by a certified appraiser from assisting in or preparing a certified appraisal and signing such appraisal provided the appraisal is approved and signed by a certified appraiser as appropriate.(d) Any appraisal conducted by an institution licensed in this state to accept deposits in connection with a loan transaction, other than those conducted by:(1) Federally or NCUA insured banks, savings banks, or credit unions; or(2) Persons regulated or licensed under title 19 or any transactions, municipal or state, regardless of monetary value, shall require an appraisal by a licensed or certified appraiser.History of Section.P.L. 1990, ch. 424, § 1; P.L. 1994, ch. 266, § 2; P.L. 1997, ch. 295, § 1; P.L. 2006, ch. 217, § 1; P.L. 2006, ch. 357, § 1; P.L. 2009, ch. 310, § 29.
RI Gen L § 5-20.7-5 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-5 - Powers of the board.

§ 5-20.7-5. Powers of the board.The board shall:(1) Establish criteria, standards, and requirements for the certifying and licensing of real estate appraisers, including, but not limited to, educational criteria, experience criteria, and examination requirements for certifying, licensing, and recertifying.(2) Establish administrative procedures for disciplinary proceedings conducted pursuant to the provisions of this chapter and the board shall censure, suspend, and revoke certificates pursuant to the disciplinary proceedings established by the board.(3) Have a policy-making role in the preparation and composition of the examinations to be administered by the department or its designee. Subsequent to the administration of the examination, the board shall review the examinations to evaluate their effectiveness.(4) Supervise the operations in the department in an advisory capacity and promulgate any policy, procedures, and rules that are necessary to improve the operations of the department in their areas of expertise and to implement this chapter. The promulgation of those policies is subject to the approval of the director of the department.(5) Provide any advisory opinions to the department that are necessary for the implementation of this chapter, title XI of the Federal Financial Institutions Reform, Recovery and Enforcement Act of 1989, 12 U.S.C. § 3331 et seq., as may be amended from time to time and with the federal regulatory standards promulgated thereunder, as well as any other standards of expertise and certification deemed appropriate by the board.(6) [Deleted by P.L. 2014, ch. 92, § 2, and by P.L. 2014, ch. 93, § 2].History of Section.P.L. 1990, ch. 424, § 1; P.L. 1991, ch. 294, § 1; P.L. 1992, ch. 275, § 1; P.L. 2014, ch. 92, § 2; P.L. 2014, ch. 93, § 2.
RI Gen L § 5-20.7-6 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-6 - Powers of the department.

§ 5-20.7-6. Powers of the department.(a) The department shall have the following powers and duties:(1) Establish within the department an independent section named the real estate appraisers section, which shall operate independent of the real estate section;(2) Establish the examination specifications for certification and licensing of each category of state-certified and licensed real estate appraiser consistent with the advice of the board and establish procedures for grading examinations;(3) Administer the standards for education and experience as established by the board as a prerequisite to examination and recertification as specified in this chapter;(4) Administer the approval or disapproval of applications for certification and licensing and issue certificates;(5) Administer the approval or disapproval of applications for the renewal of certificates;(6) Establish any rules and regulations that are necessary for the implementation of this chapter, title XI of the Federal Financial Institutions Reform, Recovery and Enforcement Act of 1989, 12 U.S.C. § 3331 et seq., as may be amended from time to time, and with the federal regulatory standards promulgated thereunder;(7) Receive applications for state certification and licensing and establish administrative procedures for the processing of those applications;(8) Maintain a registry of names and addresses of individuals certified and licensed under this chapter and retain all records and all application materials submitted to the department pursuant to the certification and licensing process established by the department; and(9) Assist the board, from time to time, in any other manner that the board requests.(b) The department, pursuant to the provisions of this chapter, shall employ any administrative personnel and employees who are necessary and proper to discharge the duties imposed by this chapter and determine and prescribe their duties and fix their compensation subject to the general laws of this state.History of Section.P.L. 1990, ch. 424, § 1; P.L. 1991, ch. 294, § 1; P.L. 1992, ch. 275, § 1; P.L. 2014, ch. 92, § 2; P.L. 2014, ch. 93, § 2.
RI Gen L § 5-20.7-7 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-7 - Examination requirements.

§ 5-20.7-7. Examination requirements.An original certification as a state-certified or licensed real estate appraiser shall not be issued to any person unless that individual has achieved a passing grade upon a suitable written examination that is consistent with and equivalent to the uniform state certification or licensing examination issued or endorsed by the appraisal qualification board of the Appraisal Foundation. The written examination shall determine that the candidate for state-certified or licensed real estate appraiser possesses the following:(1) Appropriate knowledge of technical terms commonly used in or related to real estate appraising, appraisal report writing, and economic concepts applicable to real estate;(2) Understanding of the principles of land economics, real estate appraisal processes, and of problems likely to be encountered in gathering, interpreting, and processing of data in carrying out appraisal disciplines;(3) Understanding of the standards for development and communicating of real estate appraisals as provided in this chapter;(4) Knowledge of theories of depreciation, cost estimating, methods of capitalization, and the mathematics of real estate appraisal that are appropriate for the classification of certificate applied for;(5) Knowledge of other principles and procedures as are appropriate for the respective classifications;(6) Basic understanding of real estate law; and(7) Understanding of the types of misconduct for which disciplinary proceedings may be initiated against a state-certified or licensed real estate appraiser, as set forth in this chapter.History of Section.P.L. 1990, ch. 424, § 1; P.L. 1992, ch. 275, § 1.
RI Gen L § 5-20.7-8 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-8 - Classes of certification and licensing - Residential and general.

§ 5-20.7-8. Classes of certification and licensing — Residential and general.(a) There are two (2) classes for state-certified real estate appraisers and two (2) classes of licensed real estate appraisers.(1) A state-certified residential real estate appraiser is a person who fulfills the requirements for certification for the appraisal of residential real property. For the purposes of this section, residential property means property used for noncomplex single or multi-family dwellings of 1 — 4 units having no minimum transaction value, or property used for complex 1 — 4 residential units having a transaction value of less than two hundred fifty thousand dollars ($250,000).(a) (2) (a) A state-certified general real estate appraiser is a person who fulfills the requirements for certification for the appraisal of all types of real property.(b) A state-licensed appraiser is a person who fulfills the requirements for licensing for the appraisal of residential property. For purposes of this section, residential property applies to the appraisal of noncomplex 1 — 4 residential units having a transaction value of less than one million dollars ($1,000,000) and complex 1 — 4 residential units having a transaction value of less than two hundred fifty thousand dollars ($250,000).(c) A licensed appraiser trainee is an individual who has successfully completed all requisite core courses as required by the appraisal qualifications board of the Appraisal Foundation.(d) [Deleted by P.L. 2013, ch. 54, § 1 and P.L. 2013, ch. 58, § 1].History of Section.P.L. 1990, ch. 424, § 1; P.L. 1992, ch. 275, § 1; P.L. 1997, ch. 341, § 1; P.L. 1997, ch. 366, § 1; P.L. 2006, ch. 217, § 2; P.L. 2006, ch. 357, § 2; P.L. 2013, ch. 54, § 1; P.L. 2013, ch. 58, § 1.
RI Gen L § 5-20.7-9 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-9 - Requirements prior to certification or licensing examination.

§ 5-20.7-9. Requirements prior to certification or licensing examination.(a) Residential classification. As a prerequisite to taking the examination for certification as a state-certified residential real estate appraiser, an applicant shall present evidence satisfactory to the board that he or she has successfully completed the required classroom hours of courses promulgated by the appraisal qualifications board of the Appraisal Foundation in subjects related to real estate appraisal and the uniform standards of professional appraisal practice from a duly licensed real estate school pursuant to the provisions of § 5-20.5-19 or a nationally recognized appraisal organization, college, university, or other school approved by the appraisal qualifications board of the Appraisal Foundation, or any other school that is approved by the board.(b) General classification. As a prerequisite to taking the examination for certification as a state-certified general real estate appraiser, an applicant shall present evidence satisfactory to the director that he or she has successfully completed the required classroom hours of courses promulgated by the appraisal qualifications board of the Appraisal Foundation in subjects related to real estate appraisal and the uniform standards of professional appraisal practice from a duly licensed real estate school pursuant to the provisions of § 5-20.5-19, or a nationally recognized appraisal organization, college, university, or other school approved by the appraisal qualifications board of the Appraisal Foundation, or such other school as approved by the board.(c) Licensed real estate appraiser. As a prerequisite to taking the examination for licensing as a state-licensed residential real estate appraiser, an applicant shall present evidence satisfactory to the board that he or she has successfully completed the required classroom hours of courses promulgated by the appraisal qualifications board of the Appraisal Foundation in subjects related to real estate appraisal and the uniform standards of professional appraisal practice from a duly licensed real estate school pursuant to the provisions of § 5-20.5-19 or a nationally recognized appraisal organization, college, university, or other school approved by the appraisal qualifications board of the Appraisal Foundation, or any other school that is approved by the board.History of Section.P.L. 1990, ch. 424, § 1; P.L. 1992, ch. 275, § 1; P.L. 1994, ch. 211, § 1; P.L. 1997, ch. 341, § 1; P.L. 1997, ch. 366, § 1.
RI Gen L § 5-20.7-10 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-10 - Experience requirement.

§ 5-20.7-10. Experience requirement.(a) An original certification as a state-certified real estate appraiser or licensing as a state-licensed appraiser shall not be issued to any person who does not possess the requisite experience in real property appraisal as required by the appraisal qualifications board of the Appraisal Foundation and supported by adequate written reports or file memoranda. The experience must be acquired within a period of five (5) years immediately preceding the filing of the application for certification. The experience shall be of the type of appraisal for which the applicant is seeking certification/licensing and shall meet the minimum standards of the Appraisal Foundation and/or applicable federal regulations.(b) Each applicant for certification and licensing shall furnish, under oath, a detailed listing of the real estate appraisal reports or file memoranda for each year for which experience is claimed by the applicant. For an applicant for general certification at least fifty percent (50%) of the prepared reports must demonstrate knowledge and working understanding of income capitalization or other nonresidential reports. Upon request, the applicant shall make available to the director or board for examination a sample of appraisal reports, which the applicant has prepared in the course of his or her practice.(c) In order for a licensed trainee appraiser to be issued certification as a state-certified appraiser or licensing as a state-licensed appraiser, the trainee must have completed the requisite experience in real property appraisal as required by the appraisal qualifications board and supported by adequate written reports or file memoranda. That experience must be completed under the direct supervision of certified real estate appraisers. The trainee may rely on more than one supervising appraiser in order to complete this experience requirement, and no certified appraiser shall supervise more than three (3) trainees.History of Section.P.L. 1990, ch. 424, § 1; P.L. 1992, ch. 275, § 1; P.L. 1994, ch. 211, § 1; P.L. 1998, ch. 288, § 1; P.L. 2013, ch. 54, § 1; P.L. 2013, ch. 58, § 1.