Arkansas Real Estate Broker Exam Self-Study Questions and Answers

Maximum amount due for a filing fee of a time share interval project $1,000 Time share annual renewal fee $500 A timeshare developer found guilty of a timeshare law in fraction can be fined up to imprisoned for how long $5000 and one year Real estate sales person's license expire when December 31 of each year Who is generally responsible for ensuring that the closing is handled in exact accordance with the contract Principal broker Who makes and enforces the rules by which our real estate licensees must abide Arkansas real estate commission The Arkansas real estate commission members are designated by The governor and subject to confirmation by the senate All earnest money funds received by a broker on behalf of her principal must be deposited into an escrow a trust account within With in three days of the contract being signed A resident managers exempt from real estate licensing requirements Yes If found guilty of a timeshare violation, the developer or agent can be charged with A misdemeanor Earnest money received another companies listing should be Forwarded to the listing company Paying a commission or any valuable consideration to any unlicensed person for acts or services performed Is a violation and is punishable by suspension, revocation, or demotion of the licensee A broker's price opinion cannot contain the following words Market value, appraisal, appraised value