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RE Exam- State questions with complete solutions A+ rated

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RE Exam- State questions with complete solutions A+ rated

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RE Exam- State questions with complete
solutions A+ rated

Amanda helps her neighbor sell his home by assisting with negotiations. She receives no compensation
for her assistance. Based on this one transaction, Amanda ______. - correct answer ✔✔Doesn't need a
real estate license



Nathan assisted with the purchase of a commercial building that will be used as a community center. He
doesn't hold a real estate license, yet his actions didn't violate any license laws. What must be true about
Nathan's situation?

A - correct answer ✔✔Nathan is a public official whose salaried duties include real estate transactions.



Paisley has a broker's license and her brother, Noah, has a salesperson's license. In Arkansas, what's the
biggest difference between their licenses? - correct answer ✔✔Brokers may supervise affiliated brokers'
and salespersons' activities.



Amelia is an Arkansas licensee. She's representing Tim as a seller's agent. Her license prohibits her from
supervising other licensees. What type of licensee is Amelia? - correct answer ✔✔Salesperson



Paulo is looking to get his broker's license in Arkansas, and he just passed his broker's exam. How many
days does he have to submit his application to the commission? - correct answer ✔✔90



Quinn is a licensed salesperson in Kansas who wants to get her license in Arkansas, as well, to expand
her business opportunities. She may request a waiver of which portion of the salesperson licensing
exam? - correct answer ✔✔The general portion



Michael's an Arkansas salesperson who plans to keep his license active next year. He submitted his
complete renewal application to AREC prior to September 30. How much did he pay in renewal
application fees? - correct answer ✔✔The renewal license amount for a salesperson



Both brokers and salespersons in Arkansas are required to complete _____ hours of continuing
education each year. - correct answer ✔✔7

, Vlad forgot to renew his broker's license by December 31. On January 3, he submits his paperwork to the
commission to renew his license. What will AREC tell him regarding his application? - correct answer
✔✔He will need to complete his licensing requirements starting from scratch, including taking the
licensing exam again.



Janice, a salesperson in Arkansas, has terminated her affiliation with her broker. Which of these
statements is true? - correct answer ✔✔The commission must be notified within seven days after
Janice's employment ends.



Salesperson Sebastian has just moved from College Station to Maumelle, Arkansas. Which of the
following must he now do? - correct answer ✔✔He must promptly contact AREC in writing to inform
them of his address change.



Harper, a licensee in Dardanelle, was issued a temporary interim license until a permanent license and
pocket card can be sent to him. How long is his temporary license valid? - correct answer ✔✔30 days



Which of the following is likely NOT an acceptable name to list on a place of business sign for a real
estate brokerage firm in Arkansas? - correct answer ✔✔Macmillan Brokers & Co.



Principal brokers must permanently attach a sign to their place of business containing the name of the
business and the words "real estate," "realty," "REALTOR®," or other words the commission has
approved that identify the business as a real estate brokerage.



Dennis is a broker in Rogers who wants to open a branch office location in Prairie Creek. What does he
need to do to open a branch office? - correct answer ✔✔Obtain a branch office license.



If a principal broker maintains a branch office, a duplicate principal broker's license is required for each
permanent branch office and must be displayed in the branch office.



Luigi just submitted his application to become a member of a regional professional trade organization.
Since he knows he will be accepted soon, he starts adding the organization's insignia to his
advertisements. Luigi is _____. - correct answer ✔✔Violating Arkansas real estate license law

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