Rhode Island § 34-11-42 § 34-11-42. Transfer fees prohibited.

Rhode Island Statutes

§ 34-11-42 — § 34-11-42. Transfer fees prohibited.

Rhode Island·Title 34 Property·Ch. 34-11 Form and Effect of Conveyances

§ 34-11-42. Transfer fees prohibited.
No person or business entity who sells real property shall charge, collect, receive,
            or be entitled to a fee based solely on the subsequent resale or transfer of said
            property. This prohibition includes, but is not limited to, fees or charges imposed
            by a real estate developer based upon the subsequent resale or transfer of said real
            property. Any housing development that is covered by the definition in § 45-53-3(9) is exempt from this section. Further, any fee or charge connected with the transfer
            of properties with a conservation restriction as defined in § 34-39-2(a) is exempt from the provisions of this section. Further

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§ 34-11-42. Transfer fees prohibited.

No person or business entity who sells real property shall charge, collect, receive, or be entitled to a fee based solely on the subsequent resale or transfer of said property. This prohibition includes, but is not limited to, fees or charges imposed by a real estate developer based upon the subsequent resale or transfer of said real property. Any housing development that is covered by the definition in § 45-53-3(9) is exempt from this section. Further, any fee or charge connected with the transfer of properties with a conservation restriction as defined in § 34-39-2(a) is exempt from the provisions of this section. Further, community associations, including, but not limited to, condominium associations, homeowners associations and cooperative associations, are exempt from this section. Any covenant recorded on or after July 1, 2012, imposing any charge or fee inconsistent with this section shall be void and unenforceable against any subsequent owner, purchaser or mortgagee.

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