No. Rhode Island’s mortgage lender and broker law, as amended in 2025, bars a licensee from being compensated as both the real-estate agent and the loan originator on the same transaction.
What the rule says
(15) Act in the capacity of and compensated as both a real estate agent and mortgage loan originator in the same transaction.
What applies in every state
- Both licenses must be active. The mortgage side is an individual MLO license, sponsored by a licensed mortgage company, with the SAFE test, 20 hours of education and a background check behind it.
- Federal law sits above the state rule. RESPA Section 8 bars pay for a referral, and Regulation Z sets what a loan originator may be paid for. Compensation on the mortgage side is for origination work performed. The RESPA and referral-fee explainer walks through it.
- The lender on the loan has its own rule. FHA permits the dual role since 2022. Conventional lenders decide file by file in writing.
- The buyer keeps the right to choose any lender, and the disclosure says so.