Rhode Island § 34-38-4 § 34-38-4. Department investigation.

Rhode Island Statutes

§ 34-38-4 — § 34-38-4. Department investigation.

Rhode Island § 34-38-4

Title 34Property

Ch. 34-38Regulation of Out of State Real Estate Sales and Dispositions

This text of Rhode Island § 34-38-4 (§ 34-38-4. Department investigation.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 34-38-4 (2026).

Text

§ 34-38-4. Department investigation.
The department may, prior to issuing any license under this chapter to any person
            or broker, fully investigate all information placed before it under § 34-38-3 and in addition it may carry out a physical examination, investigation, or inspection
            of any subdivision which is the subject of the application. In addition, the department
            shall secure a written appraisal of the value of the properties to be offered both
            in their existing condition and after promised improvements, if any, from not less
            than one nor more than five (5) real estate appraisers who are not employees of the
            seller or any of its competitors, an

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§ 34-38-4. Department investigation.

The department may, prior to issuing any license under this chapter to any person or broker, fully investigate all information placed before it under § 34-38-3 and in addition it may carry out a physical examination, investigation, or inspection of any subdivision which is the subject of the application. In addition, the department shall secure a written appraisal of the value of the properties to be offered both in their existing condition and after promised improvements, if any, from not less than one nor more than five (5) real estate appraisers who are not employees of the seller or any of its competitors, and who shall be selected by the department. All reasonable expenses incurred by the department in carrying out the examination, investigation, or inspection or securing the appraisals shall be paid by the applicant and no license shall be issued until the expenses have been fully paid.