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Arkansas Real Estate State Exam Prep
a a a a a
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questions and answers 100% guaranteed
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success.
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Commission ameetings: a
a. Are awhenever apossible a
b. Are aon athe afirst aMonday afollowing athe asecond aTuesday aof aevery amonth a
c. Can abe acalled aby aa amajority a
d. Are atwice aa ayear aat aa atime adesignated aby athe acommission a- a acorrect aanswer. a aC.
aCan abe acalled aby aa amajority a
a
a
Meetings aof athe acommission aare
aheld:
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a. aAt athe acommission's
aoffice
a
b. aAt athe aboard
aroom
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c. aIn
aprivate
d. aAt aa apublic afacility a- a acorrect aanswer. a aA. aAt athe acommission's
aoffice
a
An aappearance abefore athe acommission:
aa. aIs amandatory aif asubpoenaed a
b. Is arequired aof aall aagents a
c. Is asubject ato aexpenses a
d. Must abe aaccompanied aby athe abroker a- a acorrect aanswer. a aa. aIs amandatory aif
asubpoenaed a
a
All aagendas aof athe acommission aare:
aa. aPrepared aby athe acommissioner a
b. Subject ato aboard aapproval a
c. Given awith aat aleast a5 adays anotice a a
,d. Allotted aapproximate atime aintervals a- a acorrect aanswer. a ad. aAllotted aapproximate
atime aintervals a
a
a
Salaries aof athe aemployees aof athe acommission
aare:
a
a. aFixed aby athe a
aGovernor
b. aVoted aon aby athe
apublic
a
c. aFixed aby athe
adirector
d. aSubject ato ainflationary aincreases a- a acorrect aanswer. a a c. aFixed aby athe
adirector
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Serving aa asubpoena ais athe aresponsibility
aof:
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b. aThe
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c. aThe aState
aMarshall
d. aThe aperson arequesting ait a- a acorrect aanswer. a a d. aThe aperson
arequesting ait
a
The aDuties aof athe aDirector aof athe acommission
aare: a aa. aUnlimited a
b. Controlled a
c. Irrevocable a
d. Voidable a- a acorrect aanswer. a ab. aControlled a
a
a a
All aof athe afollowing aare afalse
aexcept:
a
a. aThe aannual arenewal abroker alicense afee ais
a$75.00
a
b. aThe atransfer afee ais
a$35.00
a
c. aThe aoriginal asalesperson alicense afee ais
a$60.00
d. aThe aappeal-filing afees a$100.00 a- a acorrect aanswer. d. aThe aappeal-filing afees
a a
a$100.00
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If aa abank adishonors aa abroker aor asalesperson's acheck ait acan
abe: aa. aCharged aa afee aof a$30.00 a
b. Collected afrom athe aprincipal abroker a
,c. Taken aout aof athe aReal aestate arecovery aFund a
d. Required ato abe amade agood awithin aa a"reasonable aamount" aof atime a- a acorrect
aanswer. a ab. aCollected afrom athe aprincipal abroker a
a
If aa asalesperson aoverpays aon aa acheck ato athe
acommission: a aa. aThe aexcess amust abe aentirely aand
apromptly arefunded a
b. The acommission amay akeep aa aportion afor aits aown ause a
c. It amay abe adeclared avoid aand areturned ato athe acheck awriter a
d. The aCommission ais anot aobligated ato areturn aany aof ait. a- a acorrect aanswer. a ab. aThe
acommission amay akeep aa aportion afor aits aown ause a
a
In aregards ato aeducational acredit: a a
a. Prelicensure acourses acan aapply ato aC.E. acredit a
b. C.E. acredit acan aapply ato aPrelicensure arequirements a
c. Both aa a& ab a
d. Neither aa anor ab a- a acorrect aanswer. a ad. aNeither aa anor ab a
a
An aout aof astate aapplicant awhose astate alicense adoes anot aoffer aArkansas aLicenses
aopportunities acomparable. ato aArkansas: a
a. May aask afor aa ahearing abefore athe acommission a
b. May abe alicensed aafter ataking aall aclassroom arequirements, atesting aand apaying aall
afees a
c. Must abe aa aresident aof aArkansas ato aget aa alicense a
d. May atake aonly athe aArkansas aLaw aportion aof athe aexam a- a acorrect aanswer. a ab. aMay
abe alicensed aafter ataking aall aclassroom arequirements, atesting aand apaying aall afees a
a
In ageneral aan aapplication ato arenew aa areal aestate alicense areceived aby athe
acommission aafter aSeptember a30th: a aa. aWill abe areturned a
b. Will abe atreated aas aan aexpired alicense a
c. Will abe arevoked a
d. Will abe aprocessed abecause aof athe agrace aperiod a- a acorrect aanswer. a ab. aWill abe
atreated aas aan aexpired alicense a
a
The acommission amay aprocess aan aapplication awithout apenalty areceived aon aOctober
a2nd abecause: a a
a. There ais aa a5-day agrace aperiod a
b. The aapplicant ahas aa adocumented areason a
c. There awere aholidays a
d. The acommission asets athe adate amanually a- a acorrect aanswer. a ac. aThere awere
aholidays a
a
An aagent aplaces atheir alicense aon ainactive astatus aon aDecember a15, a2001. aThey
acan a
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reactivate atheir alicense awithout atesting aif athey aapply
aby:
, a
a. December a15, a
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a2003
b. December a31,
a2004
c. aDecember a31,
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d. aDecember a15, a2004 a- a acorrect aanswer. a ab. aDecember a31,
a2004
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To areinstate aan aexpired alicense: a
aa. aA atest amust abe ataken a
b. Proof aof anon-activity ain areal aestate amust abe agiven a
c. A afee amust abe apaid a
d. All aof athe aabove a- a acorrect aanswer. a ac. aA afee amust abe apaid a
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The aname aof aa areal aestate
afirm:
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a. aMust ahave athe awords a"real aestate"
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b. aMust abe aregistered awith athe
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c. aMay aneed
aapproval
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A atemporary alicense: a
a. Can abe aissued aby athe aboard ain asome acases a
b. Is avalid afor a60 adays a
c. Is agranted aupon asubmission aof aapplication a
d. Expires aat athe aend aof a30 adays a- a acorrect aanswer. a ad. aExpires aat athe aend aof a30
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Signs arequire aall aof athe afollowing aEXCEPT: a
a. Be aplaced aon aa awindow aledge, aeasily aviewed afrom athe astreet a
b. Have athe awords a"Real aEstate, aRealtor," aor aother aidentifying awords aincluded a
c. A apicture aof athe abuilding afront awith asign amust abe asubmitted a
d. If ain aan aoffice abuilding, amust aappear aon athe adirectory a- a acorrect aanswer. a aa. aBe
aplaced aon aa awindow aledge, aeasily aviewed afrom athe astreet a
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A abranch aoffice ais aNOT: a a
a. Where arecords aare akept a
b. A aresidence a
c. Where alicenses aare ahung a
a
a
a
a
a
a
a
a
a
Arkansas Real Estate State Exam Prep
a a a a a
a
questions and answers 100% guaranteed
a a a a
a
success.
a
a
a
a
a
a
a
a
a
a
a
Commission ameetings: a
a. Are awhenever apossible a
b. Are aon athe afirst aMonday afollowing athe asecond aTuesday aof aevery amonth a
c. Can abe acalled aby aa amajority a
d. Are atwice aa ayear aat aa atime adesignated aby athe acommission a- a acorrect aanswer. a aC.
aCan abe acalled aby aa amajority a
a
a
Meetings aof athe acommission aare
aheld:
a
a. aAt athe acommission's
aoffice
a
b. aAt athe aboard
aroom
a
c. aIn
aprivate
d. aAt aa apublic afacility a- a acorrect aanswer. a aA. aAt athe acommission's
aoffice
a
An aappearance abefore athe acommission:
aa. aIs amandatory aif asubpoenaed a
b. Is arequired aof aall aagents a
c. Is asubject ato aexpenses a
d. Must abe aaccompanied aby athe abroker a- a acorrect aanswer. a aa. aIs amandatory aif
asubpoenaed a
a
All aagendas aof athe acommission aare:
aa. aPrepared aby athe acommissioner a
b. Subject ato aboard aapproval a
c. Given awith aat aleast a5 adays anotice a a
,d. Allotted aapproximate atime aintervals a- a acorrect aanswer. a ad. aAllotted aapproximate
atime aintervals a
a
a
Salaries aof athe aemployees aof athe acommission
aare:
a
a. aFixed aby athe a
aGovernor
b. aVoted aon aby athe
apublic
a
c. aFixed aby athe
adirector
d. aSubject ato ainflationary aincreases a- a acorrect aanswer. a a c. aFixed aby athe
adirector
a
a
Serving aa asubpoena ais athe aresponsibility
aof:
a
a. aThe
acommission
a
b. aThe
aDirector
a
c. aThe aState
aMarshall
d. aThe aperson arequesting ait a- a acorrect aanswer. a a d. aThe aperson
arequesting ait
a
The aDuties aof athe aDirector aof athe acommission
aare: a aa. aUnlimited a
b. Controlled a
c. Irrevocable a
d. Voidable a- a acorrect aanswer. a ab. aControlled a
a
a a
All aof athe afollowing aare afalse
aexcept:
a
a. aThe aannual arenewal abroker alicense afee ais
a$75.00
a
b. aThe atransfer afee ais
a$35.00
a
c. aThe aoriginal asalesperson alicense afee ais
a$60.00
d. aThe aappeal-filing afees a$100.00 a- a acorrect aanswer. d. aThe aappeal-filing afees
a a
a$100.00
a
If aa abank adishonors aa abroker aor asalesperson's acheck ait acan
abe: aa. aCharged aa afee aof a$30.00 a
b. Collected afrom athe aprincipal abroker a
,c. Taken aout aof athe aReal aestate arecovery aFund a
d. Required ato abe amade agood awithin aa a"reasonable aamount" aof atime a- a acorrect
aanswer. a ab. aCollected afrom athe aprincipal abroker a
a
If aa asalesperson aoverpays aon aa acheck ato athe
acommission: a aa. aThe aexcess amust abe aentirely aand
apromptly arefunded a
b. The acommission amay akeep aa aportion afor aits aown ause a
c. It amay abe adeclared avoid aand areturned ato athe acheck awriter a
d. The aCommission ais anot aobligated ato areturn aany aof ait. a- a acorrect aanswer. a ab. aThe
acommission amay akeep aa aportion afor aits aown ause a
a
In aregards ato aeducational acredit: a a
a. Prelicensure acourses acan aapply ato aC.E. acredit a
b. C.E. acredit acan aapply ato aPrelicensure arequirements a
c. Both aa a& ab a
d. Neither aa anor ab a- a acorrect aanswer. a ad. aNeither aa anor ab a
a
An aout aof astate aapplicant awhose astate alicense adoes anot aoffer aArkansas aLicenses
aopportunities acomparable. ato aArkansas: a
a. May aask afor aa ahearing abefore athe acommission a
b. May abe alicensed aafter ataking aall aclassroom arequirements, atesting aand apaying aall
afees a
c. Must abe aa aresident aof aArkansas ato aget aa alicense a
d. May atake aonly athe aArkansas aLaw aportion aof athe aexam a- a acorrect aanswer. a ab. aMay
abe alicensed aafter ataking aall aclassroom arequirements, atesting aand apaying aall afees a
a
In ageneral aan aapplication ato arenew aa areal aestate alicense areceived aby athe
acommission aafter aSeptember a30th: a aa. aWill abe areturned a
b. Will abe atreated aas aan aexpired alicense a
c. Will abe arevoked a
d. Will abe aprocessed abecause aof athe agrace aperiod a- a acorrect aanswer. a ab. aWill abe
atreated aas aan aexpired alicense a
a
The acommission amay aprocess aan aapplication awithout apenalty areceived aon aOctober
a2nd abecause: a a
a. There ais aa a5-day agrace aperiod a
b. The aapplicant ahas aa adocumented areason a
c. There awere aholidays a
d. The acommission asets athe adate amanually a- a acorrect aanswer. a ac. aThere awere
aholidays a
a
An aagent aplaces atheir alicense aon ainactive astatus aon aDecember a15, a2001. aThey
acan a
a
reactivate atheir alicense awithout atesting aif athey aapply
aby:
, a
a. December a15, a
a
a2003
b. December a31,
a2004
c. aDecember a31,
a2003
a
d. aDecember a15, a2004 a- a acorrect aanswer. a ab. aDecember a31,
a2004
a
To areinstate aan aexpired alicense: a
aa. aA atest amust abe ataken a
b. Proof aof anon-activity ain areal aestate amust abe agiven a
c. A afee amust abe apaid a
d. All aof athe aabove a- a acorrect aanswer. a ac. aA afee amust abe apaid a
a
a a
The aname aof aa areal aestate
afirm:
a
a. aMust ahave athe awords a"real aestate"
ain ait
a
b. aMust abe aregistered awith athe
aboard
a
c. aMay aneed
aapproval
d. aIs asubject ato ano arestrictions a- a acorrect aanswer. a a c. aMay aneed
aapproval
a
A atemporary alicense: a
a. Can abe aissued aby athe aboard ain asome acases a
b. Is avalid afor a60 adays a
c. Is agranted aupon asubmission aof aapplication a
d. Expires aat athe aend aof a30 adays a- a acorrect aanswer. a ad. aExpires aat athe aend aof a30
adays a
a
Signs arequire aall aof athe afollowing aEXCEPT: a
a. Be aplaced aon aa awindow aledge, aeasily aviewed afrom athe astreet a
b. Have athe awords a"Real aEstate, aRealtor," aor aother aidentifying awords aincluded a
c. A apicture aof athe abuilding afront awith asign amust abe asubmitted a
d. If ain aan aoffice abuilding, amust aappear aon athe adirectory a- a acorrect aanswer. a aa. aBe
aplaced aon aa awindow aledge, aeasily aviewed afrom athe astreet a
a
A abranch aoffice ais aNOT: a a
a. Where arecords aare akept a
b. A aresidence a
c. Where alicenses aare ahung a
