Rhode Island Real Estate

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Federal Trade Commission and Department of Justice Urge Rhode Island Legislature toAllow Non-lawyers To Perform Real Estate Closings
The Federal Trade Commission and U.S. Department of Justice issued a letter on Friday, March 29, 2002, urging the Rhode Island House of Representatives to reject a proposed bill that would prevent non-lawyers from competing with lawyers to perform real estate closings. The agencies expressed concern that the bill likely would cause Rhode Island consumers and businesses to pay more for real estate closings and could also prevent them from benefitting from competition from out-of-state and Internet lenders that could provide more convenient closing services. ... [Read More]

REAL ESTATE NOTIFICATION AND DISCLOSURE RULE
The Environmental Lead Program can provide technical assistance to property owners, purchasers and tenants, with the requirements of the Real Estate Notification and Disclosure Rule. Failure to meet these requirements could result in action and/or enforcement by both the U.S. EPA and the R.I. Office of Attorney General. The ...

Under Federal and Rhode Island law, sellers, landlords, and their agents, must disclose to prospective buyers, and renters of residential real estate built prior to 1978, known lead hazards and potential lead hazards. The purpose of the disclosure requirement is to inform prospective renters and purchasers about : ... [Read More]

State of Rhode Island: Commission on the Deaf and Hard of Hearing
  And if you want to get the materials all about Rhode Island including real estate agencies, restaurants, services, and also, all deaf and hard of hearing-related resources for you, please contact us ! We will be more than happy to mail you. What are in the packet that will be mailed to you?, please click here now . ... [Read More]

Federal Trade Commission and Doj Urge Rhode Island Legislature To Continue Allowing Non-Lawyers to Close Real Estate Deals
The Federal Trade Commission and U.S. Department of Justice (DOJ) issued a letter on March 28, 2003, urging the Rhode Island House of Representatives to reject two proposed bills that would prevent non-lawyers from competing with lawyers to perform real estate closings. The agencies expressed concern that the bills would likely cause Rhode Island consumers and businesses to pay more for real estate closings and prevent them from benefitting from competition from out-of-state and Internet lenders that could provide more convenient closing services. ... [Read More]

RI Childhood Lead Poisoning Prevention Program
Through enforcement of the Rhode Island Rules and Regulations for Lead Poisoning Prevention , Real Estate Disclosure Rule, and the Pre-Renovation Education Rule, the Environmental Lead Program  continues to reduce the incidence of lead poisoning in Rhode Island, and create a safer living environment for all Rhode Islanders. ... [Read More]

Rhode Island Investment Tax Credit
10 Percent Investment Tax Credit , which may be applied toward the Rhode Island business corporation tax and the personal income tax. This credit is available to employers classified in manufacturing, wholesale trade, finance, insurance, real estate and selected services industries. In order to be eligible for the credit, the employer must be paying above average wages or investing significantly in employee training. In addition, more than half of the revenue of non-manufacturing firms must come from out-of-state sales or sales to the federal government. ... [Read More]

Real Estate Disclosure
Title 5 Chapter 20.8 of the RI General Laws requires disclosure of owner’s knowledge of deficient conditions, including hazardous materials as asbestos in certain real estate transactions. You should discuss this requirement with your real estate agent, or contact the RI Department of Business Regulation at (401) 222- 2255. ... [Read More]

US Dept of State
Whenever any such sale or transfer is to be made by a taxpayer subject to the business corporation tax, the taxpayer is obliged to give at least 5 days notice to the Tax Administrator in accordance with 44‑11‑29. That section requires a corporation in the real estate business to notify the Tax Administrator prior to the sale or transfer of a major part in value of its assets even though the sale might be in the regular course of its business. ...

The tax imposed shall be apportioned in accordance with the location of the assets with actual situs (both real and personal property) in another state.  The fraction shall be Rhode Island assets over total estate assets. ... [Read More]