Rhode Island legislation · 2026 Regular Session
Rhode Island H7840: AN ACT RELATING TO BUSINESSES AND PROFESSIONS -- REAL ESTATE BROKERS AND SALESPERSONS (Requires any person in the business of selling, assigning or buying an equitable interest in real estate without taking legal title to such property, to be licensed as a real estate broker or salesperson and to comply with the disclosure requirements.)
Status: Signed into law, June 23, 2026
What the bill says
From the introduced text, February 27, 2026:
2026 -- H 7840 ======== LC004880 ======== STATEOFRHODEISLAND IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 2026 ____________ ANACT RELATING TO BUSINESSES AND PROFESSIONS -- REAL ESTATE BROKERS AND SALESPERSONS Introduced By: Representatives DeSimone, Baginski, and Slater Date Introduced: February 27, 2026 Referred To: House Corporations It is enacted by the General Assembly as follows: SECTION 1. Sections 5-20.5-1 and 5-20.5-2 of the General Laws in Chapter 5-20.5 entitled "Real Estate Brokers and Salespersons" are hereby amended to read as follows: 5-20.5-1. Definitions. When used in this chapter, unless the context indicates otherwise: (1) "Associate broker" means any licensed real estate broker employed or engaged as an independent contractor by or on behalf of a licensed real estate broker to do or deal in any activity as included or comprehended by the definitions of a real estate broker in subsection (5) of this section, for compensation or otherwise. (2) "Director" means the director of business regulation for the state. (3) "Opinion of value" means an analysis, opinion, or conclusion prepared by a person licensed under this chapter, in the ordinary course of his or her business relating to the price of specified interests in or aspects of identified real estate or identified real property or by comparison to other real property currently or recently sold in the marketplace for the purpose of …
Sponsors
- DeSimone, Anthony (D, HD-005) · primary sponsor
- Jacquelyn Baginski (D, HD-017)
- Scott Slater (D, HD-010)
Latest actions
- : Signed by Governor
- : Transmitted to Governor
- : Senate passed Sub A in concurrence
- : Placed on the Senate Consent Calendar
- : House passed Sub A
- : Placed on House Calendar
- : Committee recommends passage of Sub A
- : Proposed Substitute
- : Scheduled for consideration
- : Committee recommended measure be held for further study
Votes
- House Seq #435: PASSAGE (June 9, 2026): 71 yea, 0 nay, passed
- House Committee on Corporations: Passage of Sub A (June 8, 2026): 9 yea, 0 nay, passed
Subjects: BUSINESSES AND PROFESSIONS
Common questions
- What is H7840?
- H7840 is a bill in the Rhode Island Legislature (2026 Regular Session): AN ACT RELATING TO BUSINESSES AND PROFESSIONS -- REAL ESTATE BROKERS AND SALESPERSONS (Requires any person in the business of selling, assigning or buying an equitable interest in real estate without taking legal title to such property, to be licensed as a real estate broker or salesperson and to comply with the disclosure requirements.).
- What is the status of H7840?
- Signed into law as of June 23, 2026. Latest action: Signed by Governor (June 23, 2026).
- Who sponsored H7840?
- DeSimone, Anthony (D, HD-005), with 2 co-sponsors.
- Where is the official record for H7840?
- On the Rhode Island Legislature website: http://webserver.rilegislature.gov/BillText/BillText26/HouseText26/H7840A.pdf
Source: official Rhode Island record. Tracked by Delilah, AI for legislation across all 50 states and Congress.