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Arkansas Real Estate Exam questions and answers 100% guaranteed success

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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 preestablished 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

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