Arkansas Real Estate State Exam Preparation Questions and Answers

Commission meetings: Can be called by a majority Meetings of the commission are held: At the commission's office An appearance before the commission: Is mandatory if subpoenaed All agendas of the commission are: Allotted approximate time intervals Salaries of the employees of the commission are: Fixed by the director Serving a subpoena is the responsibility of: The person requesting it The Duties of the Director of the commission are: Controlled All of the following are false except: The appeal-filing fees $100.00 If a bank dishonors a broker or salesperson's check it can be: Collected from the principal broker If a salesperson overpays on a check to the commission: The commission may keep a portion for its own use In regards to educational credit: Neither a nor b An out of state applicant whose state license does not offer Arkansas Licenses opportunities comparable. to Arkansas: May be licensed after taking all classroom requirements, testing and paying all fees In general an application to renew a real estate license received by the commission after September 30th: Will be treated as an expired license The commission may process an application without penalty received on October 2nd because: There were holidays An agent places their license on inactive status on December 15, 2001. They can reactivate their license without testing if they apply by: December 31, 2004 To reinstate an expired license: A fee must be paid