.
Arkansas Real Estate Exam questions and
answers 100% guaranteed success
principal broker correct answer. an individual who performs certain real
estate services for another party for compensation. ultimately responsible
for the company's activities, notably the activities of other licensees as well
as the business's trust accounts.
real estate duties not requiring license correct answer. Delivery of a lease
application or lease.
Receiving a lease or lease application for delivery to the principal broker,
real estate firm, or owner.
Receiving a security deposit, rent payment or related payment for delivery
to the principal broker, real estate firm, or owner.
Acting under the direct written instructions of the principal broker, firm or
owner in: Showing a rental unit.
Assisting in the execution of a preprinted lease or rental agreement
containing pre- established terms.
Conveying information regarding a lease transaction prepared by the
principal broker, firm, or owner to any person.
executive broker correct answer. a licensed broker employed and supervised
by a principal broker as an employee or independent contractor who can
perform real estate
,services under the auspices of the principal broker, but who also has the
authority to supervise associate brokers and salespersons.
associate broker correct answer. licensed broker who, as an employee or
independent contractor, may perform real estate services under the
supervision of a principal broker or executive broker. The associate broker
may not supervise any other licensee
to qualify for a Arkansas license correct answer. Be of majority age (18 years
old). Satisfy educational requirements.
Satisfy experience requirements.
Pass the appropriate licensing examination.
Demonstrate a record of professional
conduct.
Provide evidence of honesty, trustworthiness and
integrity. Complete a criminal history background
check.
Pay the appropriate fees.
requirement for brokers license correct answer. 60 classroom hours in real
estate within a 3-year period prior to the date of application, documented by
the approved school or other satisfactory evidence
Two years experience as a licensed Arkansas salesperson, or salesperson or
broker from another state, within the four-year period preceding the date of
application
application procedure for initial licensure correct answer. for documentation
evidencing fulfillment of the requirements previously identified concerning
education, experience, character, age, etc
submit payment for the non-refundable application fee as well as the license
examination fee.
requested the criminal background check may then take the license
examination
invalidate the results of exam and applicant must reapply an retest correct
answer. Applicants who pass the exam must pay the license fee and Real
Estate Recovery Fund fee within 90 days from the date of the examination.
Failure to pay these fees will:
90 days following exam date correct answer. Upon successful completion of the
examination, the applicant must submit the proper forms and fees to the
Commission no later than
a six-month extension correct answer. if an applicant fails one of the sections
of the exam, he or she is granted a re-take and pass the failed portion.
misses deadline he or she must re-take the entire exam.
if the examinee waits more than one year correct answer. he or she must re-
take the exam and re-apply for the license.
,exempt 3from 3general 3portion 3of 3exam 3if: 3correct 3answer. 3 They 3passed 3the
3general 3portion 3in 3another 3state, 3subject 3to 3Commission 3approval; 3and
The 3passing 3grade 3for 3such 3section 3is 3no 3lower; 3and
The 3examinee 3is 3licensed 3in 3another 3state 3at 3the 3time 3he 3or 3she 3takes 3the
3Arkansas 3exam.
requirements 3for 3non-resident 3licensure 3are: 3correct 3answer. 3 Meet 3the
3same 3requirements 3as 3residents; 3or 3follow 3commissions 3non-resident
3regulations 3and 3meet 3requirements 3such 3as 3Affiliate 3with 3a 3resident 3or
3non-resident 3principal 3broker 3licensed 3by 3the 3Commission 3etc.
If 3a 3resident 3or 3non-resident 3licensee 3terminates 3affiliation 3with 3a 3principal
3briker 3correct 3answer. 3 the 3person's 3license 3is 3terminated 3until 3such 3time 3as
3a 3re-affiliation 3occurs 3with 3another 3principal 3broker 3and 3the
3nonresident/resident 3places 3his 3or 3her 3license 3on 3inactive 3status.
December 331 3correct 3answer. 3 All 3Arkansas 3real 3estate 3licenses, 3active 3or
3inactive, 3expire 3on even 3in 3the 3initial 3year 3of 3licensure
september 330 3correct 3answer. 3 The 3deadline 3for 3renewing 3the 3license
3without 3paying 3additional 3fees
90 3prior 3to 3expiration 3correct 3answer. 3 the 3Commission 3will 3issue 3a 3renewed
3license 3upon 3receipt 3of 3the 3application 3no 3later 3than
7 3days 3correct 3answer. 3 Inactive 3licensees 3must 3notify 3the 3Commission 3of
3any 3change 3in 3name 3or 3address 3within
To 3activate 3an 3inactive 3license 3correct 3answer. 3 must 3complete 36 3hours 3of 3CE
3for 3every 3year 3the 3licensee 3was 3inactive, 3up 3to 3a 3total 3of 330 3hours.
If 3a 3license 3has 3been 3expired 3in 3excess 3of 33 3years 3correct 3answer. 3 the
3reactivation 3requirement 3will 3be 3the 3same 3as 3a 3new 3applicant.
to 3reactivate 3an 3expired 3license 3correct 3answer. 3 submit 3a 3renewal
3application, 3pay 3the 3appropriate 3fee, 3and 3satisfy 3continuing 3education 3and
3any 3other 3requirements
On 3or 3about 3July 315th 3correct 3answer. 3 the 3Commission 3sends 3licensees
3notice 3to 3renew 3licenses 3for 3the 3upcoming 3year.
in 3a 3specific 3topic 3identified 3by 3the 3Commission 3correct 3answer. 3 At 3least
3one 3hour 3of 3the 36-hour 3requirement 3will 3be
the 3first 3partial 3year, 3nor 3the 3following 3full 3year 3of 3licensure 3correct 3answer.
3 New 3licensees 3are 3not 3required 3to 3complete 3the 3CE 3requirement 3in:
, At 3least 3one 3hour 3of 3the 36-hour 3requirement 3correct 3answer. 3 will 3be 3in 3a
3specific 3topic 3identified 3by 3the 3Commission 3(courses 3may 3not 3be 3taken 3twice
3to 3meet 3the 3requirement)
courses 3exempt 3from 3SBPCE 3approval 3are: 3correct 3answer. 3 Courses 3offered
3by 3Realtor 3Associations 3or 3affiliated 3councils.
Courses 3approved 3by 3the 3Commission.
3+-hour 3real 3estate-related 3courses 3offered 3by 3universities 3or 3colleges.
new 3salesperson 3requirement: 3correct 3answer. 3 complete 318-hour 3AREC
3Post-license 3course 3w/in 3one 3year 3following 3the 3end 3of 3the 3month 3of 3the
3date 3of 3the 3issuance 3of 3the 3initial 3license
new 3broker 3requirement 3correct 3answer. 3 complete 330-hour 3broker 3course
3w/in 31 3year 3following 3the 3end 3of 3the 3month 3of 3the 3date 3of 3the 3issuance 3of
3the 3initial 3license. 3if 3the 3broker 3had 3completed 3the 3SP's 3post-license 3course
3w/in 33 3yrs 3prior 3to 3date 3of 3licensure, 3need 3only 3take 3an 3additional 312-hour
3course
no 3more 3than 330 3days 3correct 3answer. 3 Commission 3may 3issue 3temporary
3licenses 3pending 3issuance 3of 3the 3permanent 3license, 3valid 3for
When 3a 3licensee 3leaves 3the 3employment 3of 3a 3principal 3broker 3he/she 3must
3correct 3answer. 3 immediately 3surrender 3his 3or 3her 3pocket 3card 3to 3the
3principal 3broker
7 3days 3following 3the 3termination 3correct 3answer. 3 principal 3broker 3must
3within
3notify 3the 3Commission 3of 3the 3termination, 3and 3surrender 3the 3license 3and
3card 3to 3the 3Commission. 3This 3automatically 3de-activates 3the 3license
to 3transfer 3an 3inactive 3licenses 3to 3another 3principal 3broker 3and 3Commission
3issue 3the 3a 3temporary 3license, 3licensee 3must: 3correct 3answer. 3 file 3a 3transfer
3application 3signed 3by 3the 3new 3principal 3broker, 3pay 3fee, 3and 3submit 3a
3statement 3attesting 3to 3not 3take 3listings 3or 3other 3proprietary 3property 3of
3previous 3broker 3to 3the 3new 3principal 3broker
When 3a 3principal 3broker 3discontinues 3business 3operations, 3or 3is 3terminated 3by
3an 3owner
correct 3answer. 3 must 3surrender 3the 3license 3and 3all 3licenses 3of 3employed
3brokers 3and 3salespersons 3of 3the 3firm 3to 3the 3Commission 3for 3conversion 3to
3inactive 3status, 3and 3all 3signage 3must 3be 3dismantled.
licenses 3of 3the 3principal 3broker 3and 3all 3licensees 3employed 3or 3affiliated 3with
3the 3principal 3broker 3correct 3answer. 3 must 3be 3retained 3by 3the 3principal 3broker
3and 3displayed 3in 3the 3broker's 3principal 3place 3of 3business
broker's 3business 3identification 3requirements 3are: 3correct 3answer.
3 permanently 3attached 3and 3clear 3sign 3bearing 3the 3firm's 3name.
Clear 3terms 3that 3indicate 3the 3company 3is 3in 3the 3real 3estate 3business
Arkansas Real Estate Exam questions and
answers 100% guaranteed success
principal broker correct answer. an individual who performs certain real
estate services for another party for compensation. ultimately responsible
for the company's activities, notably the activities of other licensees as well
as the business's trust accounts.
real estate duties not requiring license correct answer. Delivery of a lease
application or lease.
Receiving a lease or lease application for delivery to the principal broker,
real estate firm, or owner.
Receiving a security deposit, rent payment or related payment for delivery
to the principal broker, real estate firm, or owner.
Acting under the direct written instructions of the principal broker, firm or
owner in: Showing a rental unit.
Assisting in the execution of a preprinted lease or rental agreement
containing pre- established terms.
Conveying information regarding a lease transaction prepared by the
principal broker, firm, or owner to any person.
executive broker correct answer. a licensed broker employed and supervised
by a principal broker as an employee or independent contractor who can
perform real estate
,services under the auspices of the principal broker, but who also has the
authority to supervise associate brokers and salespersons.
associate broker correct answer. licensed broker who, as an employee or
independent contractor, may perform real estate services under the
supervision of a principal broker or executive broker. The associate broker
may not supervise any other licensee
to qualify for a Arkansas license correct answer. Be of majority age (18 years
old). Satisfy educational requirements.
Satisfy experience requirements.
Pass the appropriate licensing examination.
Demonstrate a record of professional
conduct.
Provide evidence of honesty, trustworthiness and
integrity. Complete a criminal history background
check.
Pay the appropriate fees.
requirement for brokers license correct answer. 60 classroom hours in real
estate within a 3-year period prior to the date of application, documented by
the approved school or other satisfactory evidence
Two years experience as a licensed Arkansas salesperson, or salesperson or
broker from another state, within the four-year period preceding the date of
application
application procedure for initial licensure correct answer. for documentation
evidencing fulfillment of the requirements previously identified concerning
education, experience, character, age, etc
submit payment for the non-refundable application fee as well as the license
examination fee.
requested the criminal background check may then take the license
examination
invalidate the results of exam and applicant must reapply an retest correct
answer. Applicants who pass the exam must pay the license fee and Real
Estate Recovery Fund fee within 90 days from the date of the examination.
Failure to pay these fees will:
90 days following exam date correct answer. Upon successful completion of the
examination, the applicant must submit the proper forms and fees to the
Commission no later than
a six-month extension correct answer. if an applicant fails one of the sections
of the exam, he or she is granted a re-take and pass the failed portion.
misses deadline he or she must re-take the entire exam.
if the examinee waits more than one year correct answer. he or she must re-
take the exam and re-apply for the license.
,exempt 3from 3general 3portion 3of 3exam 3if: 3correct 3answer. 3 They 3passed 3the
3general 3portion 3in 3another 3state, 3subject 3to 3Commission 3approval; 3and
The 3passing 3grade 3for 3such 3section 3is 3no 3lower; 3and
The 3examinee 3is 3licensed 3in 3another 3state 3at 3the 3time 3he 3or 3she 3takes 3the
3Arkansas 3exam.
requirements 3for 3non-resident 3licensure 3are: 3correct 3answer. 3 Meet 3the
3same 3requirements 3as 3residents; 3or 3follow 3commissions 3non-resident
3regulations 3and 3meet 3requirements 3such 3as 3Affiliate 3with 3a 3resident 3or
3non-resident 3principal 3broker 3licensed 3by 3the 3Commission 3etc.
If 3a 3resident 3or 3non-resident 3licensee 3terminates 3affiliation 3with 3a 3principal
3briker 3correct 3answer. 3 the 3person's 3license 3is 3terminated 3until 3such 3time 3as
3a 3re-affiliation 3occurs 3with 3another 3principal 3broker 3and 3the
3nonresident/resident 3places 3his 3or 3her 3license 3on 3inactive 3status.
December 331 3correct 3answer. 3 All 3Arkansas 3real 3estate 3licenses, 3active 3or
3inactive, 3expire 3on even 3in 3the 3initial 3year 3of 3licensure
september 330 3correct 3answer. 3 The 3deadline 3for 3renewing 3the 3license
3without 3paying 3additional 3fees
90 3prior 3to 3expiration 3correct 3answer. 3 the 3Commission 3will 3issue 3a 3renewed
3license 3upon 3receipt 3of 3the 3application 3no 3later 3than
7 3days 3correct 3answer. 3 Inactive 3licensees 3must 3notify 3the 3Commission 3of
3any 3change 3in 3name 3or 3address 3within
To 3activate 3an 3inactive 3license 3correct 3answer. 3 must 3complete 36 3hours 3of 3CE
3for 3every 3year 3the 3licensee 3was 3inactive, 3up 3to 3a 3total 3of 330 3hours.
If 3a 3license 3has 3been 3expired 3in 3excess 3of 33 3years 3correct 3answer. 3 the
3reactivation 3requirement 3will 3be 3the 3same 3as 3a 3new 3applicant.
to 3reactivate 3an 3expired 3license 3correct 3answer. 3 submit 3a 3renewal
3application, 3pay 3the 3appropriate 3fee, 3and 3satisfy 3continuing 3education 3and
3any 3other 3requirements
On 3or 3about 3July 315th 3correct 3answer. 3 the 3Commission 3sends 3licensees
3notice 3to 3renew 3licenses 3for 3the 3upcoming 3year.
in 3a 3specific 3topic 3identified 3by 3the 3Commission 3correct 3answer. 3 At 3least
3one 3hour 3of 3the 36-hour 3requirement 3will 3be
the 3first 3partial 3year, 3nor 3the 3following 3full 3year 3of 3licensure 3correct 3answer.
3 New 3licensees 3are 3not 3required 3to 3complete 3the 3CE 3requirement 3in:
, At 3least 3one 3hour 3of 3the 36-hour 3requirement 3correct 3answer. 3 will 3be 3in 3a
3specific 3topic 3identified 3by 3the 3Commission 3(courses 3may 3not 3be 3taken 3twice
3to 3meet 3the 3requirement)
courses 3exempt 3from 3SBPCE 3approval 3are: 3correct 3answer. 3 Courses 3offered
3by 3Realtor 3Associations 3or 3affiliated 3councils.
Courses 3approved 3by 3the 3Commission.
3+-hour 3real 3estate-related 3courses 3offered 3by 3universities 3or 3colleges.
new 3salesperson 3requirement: 3correct 3answer. 3 complete 318-hour 3AREC
3Post-license 3course 3w/in 3one 3year 3following 3the 3end 3of 3the 3month 3of 3the
3date 3of 3the 3issuance 3of 3the 3initial 3license
new 3broker 3requirement 3correct 3answer. 3 complete 330-hour 3broker 3course
3w/in 31 3year 3following 3the 3end 3of 3the 3month 3of 3the 3date 3of 3the 3issuance 3of
3the 3initial 3license. 3if 3the 3broker 3had 3completed 3the 3SP's 3post-license 3course
3w/in 33 3yrs 3prior 3to 3date 3of 3licensure, 3need 3only 3take 3an 3additional 312-hour
3course
no 3more 3than 330 3days 3correct 3answer. 3 Commission 3may 3issue 3temporary
3licenses 3pending 3issuance 3of 3the 3permanent 3license, 3valid 3for
When 3a 3licensee 3leaves 3the 3employment 3of 3a 3principal 3broker 3he/she 3must
3correct 3answer. 3 immediately 3surrender 3his 3or 3her 3pocket 3card 3to 3the
3principal 3broker
7 3days 3following 3the 3termination 3correct 3answer. 3 principal 3broker 3must
3within
3notify 3the 3Commission 3of 3the 3termination, 3and 3surrender 3the 3license 3and
3card 3to 3the 3Commission. 3This 3automatically 3de-activates 3the 3license
to 3transfer 3an 3inactive 3licenses 3to 3another 3principal 3broker 3and 3Commission
3issue 3the 3a 3temporary 3license, 3licensee 3must: 3correct 3answer. 3 file 3a 3transfer
3application 3signed 3by 3the 3new 3principal 3broker, 3pay 3fee, 3and 3submit 3a
3statement 3attesting 3to 3not 3take 3listings 3or 3other 3proprietary 3property 3of
3previous 3broker 3to 3the 3new 3principal 3broker
When 3a 3principal 3broker 3discontinues 3business 3operations, 3or 3is 3terminated 3by
3an 3owner
correct 3answer. 3 must 3surrender 3the 3license 3and 3all 3licenses 3of 3employed
3brokers 3and 3salespersons 3of 3the 3firm 3to 3the 3Commission 3for 3conversion 3to
3inactive 3status, 3and 3all 3signage 3must 3be 3dismantled.
licenses 3of 3the 3principal 3broker 3and 3all 3licensees 3employed 3or 3affiliated 3with
3the 3principal 3broker 3correct 3answer. 3 must 3be 3retained 3by 3the 3principal 3broker
3and 3displayed 3in 3the 3broker's 3principal 3place 3of 3business
broker's 3business 3identification 3requirements 3are: 3correct 3answer.
3 permanently 3attached 3and 3clear 3sign 3bearing 3the 3firm's 3name.
Clear 3terms 3that 3indicate 3the 3company 3is 3in 3the 3real 3estate 3business
