Arkansas Statutory
Requirements for Licensees
2026/2027 Expert Verifed Ace
the Test
Vicarious Liability - ANSWER ✔✔Legal responsibility placed on one
person for the acts of another.
Designated Executive Broker - ANSWER ✔✔Has the same authority
as the principal broker as recorded by the AR Real Estate Commission.
The principal broker must remain active in the firm.
Broker Supervision in Arkansas Includes: - ANSWER ✔✔Broker
Responsibility, Backup if Needed, Commitment to the Firm, Training,
, Document Review, Establishing Policies and Procedures, Record of
Acknowledgement
Broker Affiliation - ANSWER ✔✔When you select a sponsoring
broker who will maintain your license in the broker's office, and who
agrees to supervise, train, and be responsible for you for at least the first
two years of your career.
Unaffiliated Licensees - ANSWER ✔✔Licensees who are not brokers
yet are attempting to work independent of broker supervision. This is a
violation and comes with penalties.
Changing Affiliations - ANSWER ✔✔
Deceptive Ads - ANSWER ✔✔An ad that either contains a statement
that is likely to mislead, or omits information that is material
Unfair Ads - ANSWER ✔✔An ad that is likely to cause
substantial/unavoidable consumer injury, or business practice that is not
outweighed by the benefit to consumers
Health/Safety and Evaluation Issues Ads - ANSWER ✔✔Ads that are
focused on health and safety and those that consumers would have
trouble evaluating for themselves.
Requirements for Licensees
2026/2027 Expert Verifed Ace
the Test
Vicarious Liability - ANSWER ✔✔Legal responsibility placed on one
person for the acts of another.
Designated Executive Broker - ANSWER ✔✔Has the same authority
as the principal broker as recorded by the AR Real Estate Commission.
The principal broker must remain active in the firm.
Broker Supervision in Arkansas Includes: - ANSWER ✔✔Broker
Responsibility, Backup if Needed, Commitment to the Firm, Training,
, Document Review, Establishing Policies and Procedures, Record of
Acknowledgement
Broker Affiliation - ANSWER ✔✔When you select a sponsoring
broker who will maintain your license in the broker's office, and who
agrees to supervise, train, and be responsible for you for at least the first
two years of your career.
Unaffiliated Licensees - ANSWER ✔✔Licensees who are not brokers
yet are attempting to work independent of broker supervision. This is a
violation and comes with penalties.
Changing Affiliations - ANSWER ✔✔
Deceptive Ads - ANSWER ✔✔An ad that either contains a statement
that is likely to mislead, or omits information that is material
Unfair Ads - ANSWER ✔✔An ad that is likely to cause
substantial/unavoidable consumer injury, or business practice that is not
outweighed by the benefit to consumers
Health/Safety and Evaluation Issues Ads - ANSWER ✔✔Ads that are
focused on health and safety and those that consumers would have
trouble evaluating for themselves.
