Rhode Island and Florida agree to real estate licensing reciprocity

Rhode Island real estate agents earn Florida license

Warwick Rhode Island- Rhode Island has entered into a licensing reciprocity agreement with the state of Florida. With this agreement, licensed Rhode Island real estate agents can now apply for their Florida license without full examination. According to Robert Scaralia Education Director for the Real Estate Institute Of Rhode Island the announcement of this mutual agreement by the two states is welcome news for both our real estate pre-licensing students and all current licensed real estate agents in Rhode Island.  Scaralia adds most Rhode Island real estate agents seek a Massachusetts and Connecticut reciprocal license primarily since Rhode Island agents often cross borders but Florida's appeal is strong because many agents retire to Florida or spend the winters months there.  For more information about the requirements to become a licensed real estate agent in Rhode Island visit www.InstituteRI.com

Real Estate Institute Of Rhode Island
22 Veterans Memorial Drive
Warwick, RI 02886
O. 401-943-8500
F. 401-943-6191
info@InstituteRI.com
 

Rhode Island real estate tops New England states

PROVIDENCE – The Home Price Index for Rhode Island real estate rose 8.4 percent year over year in January, the most of any New England state, according to CoreLogic Tuesday.

Nationally, the HPI rose 6.6 percent from January 2017 to January 2018. Washington HPI rose more than any other state in the United States, 12.1 percent year over year.

The January HPI grew at the following year-over-year rates in New England:

• Rhode Island: 8.4 percent
• Maine: 8.1 percent
• Massachusetts: 6.1 percent
• New Hampshire: 5 percent
• Vermont: 4.1 percent
• Connecticut: 1.7 percent

In the Providence-Warwick-Fall River metropolitan area, the HPI rose at 7.8 percent year over year in January. The Boston metro area rose at 5.7 percent during that time. CoreLogic said that both metro areas were properly valued in January, as well.

According to Robert Scaralia education director for the Real Estate Institute Of Rhode Island the state real estate market is experiencing record growth in some measure as a catch up to the other New England states and as an affordable option to the high home values in Massachusetts. Historically Rhode Island has been one of the last states to come out of a down market and this cycle is no different. Based on the current data we expect the Rhode Island market to remain strong for the foreseeable future. Scaralia added this is a great time for individuals thinking about pursuing a career in Real Estate, many brokerages throughout the state are actively looking for candidates interested in earning their Rhode Island real estate license. For more information visit www.realestateinstituteofrhodeisand.com for class schedules and enrollment. 

Sorce- Providence Business News

Real Estate Institute Of Rhode Island

22 Veterans Memorial Drive Warwick, RI 02886

401.943.8500

What is the difference between a real estate licensee and a Realtor?

Licensee

Warwick Rhode Island - The difference between a licensee and a Realtor is significant. A licensee is an individual who has successfully completed the state required licensing requirements. In Rhode Island candidates who wish to earn a real estate salespersons license must complete a 45-hour real estate pre-licensing course and pass an examination proving the applicant's knowledge of both modern real estate principles and practices as well as a separate examination proving knowledge of Rhode Island real estate law at this point, the individual is licensed to work for a broker and legally help buyers, sellers and renters complete a real estate transaction and receive compensation, this by definition is a licensee.  On the other hand, a Realtor is a licensee as well who has become a member of the National Association Of Realtors and in doing so subscribes to a strict code of ethics which holds the member to a higher standard of practice which goes above and beyond the states rules and regulations as it relates to a licensees conduct. According to Robert Scaralia education director for the Real Estate Institute of Rhode Island a leading real estate pre-license school and advanced education center for the advancement of real estate professionals states that the majority of newly licensed agents choose to affiliate with a brokerage firm that holds membership with the National Association of Realtors for not only the higher standards of practice but for the many other advantages that come from membership.  For more information about becoming a real estate agent contact the Real Estate Institute Of Rhode Island 22 Veterans Memorial Drive Warwick, RI 02886 401.943.8500 info@InstituteRI.com.

Realtor

A perfect Real Estate storm for Rhode Island

Rhode Island- With just 2497 single-family homes on the market in January.  Rhode Island had less than a three-month supply of listings in January, resulting in a single-family home market that significantly favored sellers. The low supply has resulted in lower sales numbers but home values have seen a 9% increase.

Rhode Island Real Estate Market 

According to Robert Scaralia Education Director for the Real Estate Insitute Of Rhode Island, anyone who has been thinking about selling now is the time to list their property.  The lack of competition in the marketplace is increasing property values so sellers are realizing greater returns. And, when buying their next home, they are taking advantage of the historically low-interest rates.

Scaralia noted that the median price rose 20 percent to $225,000 in the multifamily property sector and sales activity rose 3.6 percent year-over-year. Pending sales dropped 18 percent from the previous 12 months.

Condominium sales, the median sales price rose 15.6 percent from January of 2017, to $215,000.  Sales activity was at 11.5 percent while pending sales decreased 7.7 percent. Taking into account active properties for all categories of housing and the current level of demand plus the historically higher demand that comes with the spring and summer market it will create a perfect real estate storm in Rhode Island.  

For questions about buying or selling or advice on selecting a real estate professional contact: 

Robert Scaralia Education Director 

Real Estate Institute Of Rhode Island 

22 Veterans Memorial Drive

Warwick, RI 02886

401.943.8500

Info@InstituteRI.com 

Data and information provided by- Rhode Island Realtor Association and State-Wide Multiple Listing Service

Real estate values rise in Rhode Island

Rhode Island- According to recent statistics released by Rhode Island Realtors median home prices rose 9% in January 2018. Median single-family sales prices were $244,900, 9% above what it was at the same time period in 2017.

Rhode Island home values increase in 2018

The increase in values was in direct relation to the low inventory in many communities throughout Rhode Island.  Given the current forces of supply and demand home prices are expected to increase well into 2018 according to Robert Scaralia Education Director for the Real Estate Institute Of Rhode Island. 

With the improved overall real estate market and the economy as a whole, many individuals are considering a career in real estate to help meet the increased consumer demand. According to Candace Mandell, student services director for the Real Estate Institute Of Rhode Island "our pre-licensing classes are in strong demand" many new agents are finding the current market conditions a perfect time to earn their Rhode Island real estate license. She adds many real estate companies throughout the state are actively hiring full and part-time new agents to support the growth.

For more information:

Real Estate Institute Of Rhode Island
22 Veterans Memorial Drive
Warwick, RI 02886
O. 401-943-8500
F.  401-943-6191
Info@InstituteRI.com
www.InstituteRI.com

Rhode Island real estate agents licensing.

Verify a Rhode Island real estate agent is licensed before you hire!
When listing, selling or renting in Rhode Island it's important to verify the agent is duly licensed, start by checking their credentials with the state licensing authority.

Hiring A Rhode Island Real Estate Professional

The Rhode Island Department of business regulations real estate division approves and authorizes real estate licensing in Rhode Island. Before you hire a real estate agent to represent you first verify they hold a valid real estate license. You can check to see if they hold a valid Rhode Island real estate license by checking the Rhode Island Department of Business Regulations list of authorized licensees.  All real estate agents in Rhode Island must complete a state-approved real estate pre-licensing course and pass a state exam which proves their knowledge of modern real estate principles and practices and understanding of Rhode Island real estate law.  All Licensees are required to complete a comprehensive state-approved pre-licensing course as administered by the Real Estate Insitute Of Rhode Island before providing real estate advocacy, counsel or advice in the buying, selling or renting of real property in Rhode Island.  

For more information about real estate service in Rhode Island

Real Estate Institute Of Rhode Island
22 Veterans Memorial Drive
Warwick, RI 02886
401-943-8500
Info@InsituteRI.com
www.InsituteRI.com

Frequently asked questions about becoming a Rhode Island real estate agent

Becoming a Rhode Island real estate agent is a relatively easy process. To help you understand it better we have answered a number of the most frequently asked questions.  The most frequently asked questions about becoming a Rhode Island real estate agent. 

Real Estate Institute Of Rhode Island
22 Veterans Memorial Drive
Warwick, RI 02886
401-943-8500
Info@InstituteRI.com
www.InstituteRI.com

Rhode Island real estate license renewal April 30th, 2018

April 30th, 2018 Deadline

All Rhode Island real estate agents who wish to renew their license are required to complete 24 hours of approved continuing education.  Many classes and packages can be completed online by visiting Online Rhode Island CE classes and packages.  All classes must be completed by April 30th, 2018

Rhode Island real estate licensing renewal requirements

For more information contact
Real Estate Institute Of Rhode Island
22 Veterans Memorial Drive
Warwick, RI 02886
401-943-8500
info@instituteRI.com
www.MyAgentLicense.com 

 

4 easy steps to become a Rhode Island real estate agent

Become a Rhode Island real estate agent in 4 easy steps. 

Watch this quick video from the Real Estate Intitute Of Rhode Island to learn more.

22 Veterans Memorial Drive
Warwick, RI 02886
401-943-8500
info@InstituteRI.com
www.MyAgentLicense.com 

Classroom Rental Warwick, Rhode Island

Rent our facility for company meetings, educational needs, and marketing presentations. Hourly, daily and long-term rental options available.

Training, educational & meeting facility

Our state of the art facility offers a complete turnkey solution for your educational and organizational needs. 

For more Information:

401-943-8500

info@InstituteRI.com

We offer the following resources and services.

Speaker podium 

Overhead projector

Video screen

Computer 

Audio

Whiteboard

Internet access

Training tables

Break room with snacks and beverages, catering allowed.

Ample parking

Easy access from Route 95 N/S (1 Mile direct from exit)