Arkansas Real Estate Exam questions and
answers 100% guaranteed success.
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 pre-
established 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
,services 3under 3the 3auspices 3of 3the 3principal 3broker, 3but 3who 3also 3has 3the 3authority 3to
3supervise 3associate 3brokers 3and 3salespersons.
associate 3broker 3- 3 correct 3answer. 3 licensed 3broker 3who, 3as 3an 3employee 3or
3independent 3contractor, 3may 3perform 3real 3estate 3services 3under 3the 3supervision 3of 3a
3principal 3broker 3or 3executive 3broker. 3The 3associate 3broker 3may 3not 3supervise 3any
3other 3licensee
to 3qualify 3for 3a 3Arkansas 3license 3- 3 correct 3answer. 3 Be 3of 3majority 3age 3(18 3years 3old).
3Satisfy 3educational 3requirements.
Satisfy 3experience 3requirements.
Pass 3the 3appropriate 3licensing 3examination.
3Demonstrate 3a 3record 3of 3professional 3conduct.
Provide 3evidence 3of 3honesty, 3trustworthiness 3and 3integrity.
3Complete 3a 3criminal 3history 3background 3check.
Pay 3the 3appropriate 3fees.
requirement 3for 3brokers 3license 3- 3 correct 3answer. 3 60 3classroom 3hours 3in 3real 3estate
3within 3a 33-year 3period 3prior 3to 3the 3date 3of 3application, 3documented 3by 3the 3approved
3school 3or 3other 3satisfactory 3evidence
Two 3years 3experience 3as 3a 3licensed 3Arkansas 3salesperson, 3or 3salesperson 3or 3broker
3from 3another 3state, 3within 3the 3four-year 3period 3preceding 3the 3date 3of 3application
application 3procedure 3for 3initial 3licensure 3- 3 correct 3answer. 3 for 3documentation
3evidencing 3fulfillment 3of 3the 3requirements 3previously 3identified 3concerning 3education,
3experience, 3character, 3age, 3etc
submit 3payment 3for 3the 3non-refundable 3application 3fee 3as 3well 3as 3the 3license
3examination 3fee.
requested 3the 3criminal 3background 3check 3may 3then 3take 3the 3license 3examination
invalidate 3the 3results 3of 3exam 3and 3applicant 3must 3reapply 3an 3retest 3- 3 correct 3answer.
3Applicants 3who 3pass 3the 3exam 3must 3pay 3the 3license 3fee 3and 3Real 3Estate 3Recovery
3Fund 3fee 3within 390 3days 3from 3the 3date 3of 3the 3examination. 3Failure 3to 3pay 3these 3fees
3will:
90 3days 3following 3exam 3date 3- 3 correct 3answer. 3 Upon 3successful 3completion 3of 3the
3examination, 3the 3applicant 3must 3submit 3the 3proper 3forms 3and 3fees 3to 3the 3Commission 3no
3later 3than
a 3six-month 3extension 3- 3 correct 3answer. 3 if 3an 3applicant 3fails 3one 3of 3the 3sections 3of 3the
3exam, 3he 3or 3she 3is 3granted 3a re-take 3and 3pass 3the 3failed 3portion. 3misses
3deadline 3he 3or 3she 3must 3re-take 3the 3entire 3exam.
if 3the 3examinee 3waits 3more 3than 3one 3year 3- 3 correct 3answer. 3 he 3or 3she 3must 3re-take 3the
3exam 3and 3re-apply 3for 3the 3license.
,exempt 3from 3general 3portion 3of 3exam 3if: 3- 3 correct 3answer. 3 They 3passed 3the 3general
3portion 3in 3another 3state, 3subject 3to 3Commission 3approval; 3and
The 3passing 3grade 3for 3such 3section 3is 3no 3lower; 3and
The 3examinee 3is 3licensed 3in 3another 3state 3at 3the 3time 3he 3or 3she 3takes 3the 3Arkansas
3exam.
requirements 3for 3non-resident 3licensure 3are: 3- 3 correct 3answer. 3 Meet 3the 3same
3requirements 3as 3residents; 3or 3follow 3commissions 3non-resident 3regulations 3and 3meet
3requirements 3such 3as 3Affiliate 3with 3a 3resident 3or 3non-resident 3principal 3broker 3licensed
3by 3the 3Commission 3etc.
If 3a 3resident 3or 3non-resident 3licensee 3terminates 3affiliation 3with 3a 3principal 3briker 3-
3correct 3answer. 3 the 3person's 3license 3is 3terminated 3until 3such 3time 3as 3a 3re-affiliation
3occurs 3with 3another 3principal 3broker 3and 3the 3nonresident/resident 3places 3his 3or 3her
3license 3on 3inactive 3status.
December 331 3- 3 correct 3answer. 3 All 3Arkansas 3real 3estate 3licenses, 3active 3or 3inactive,
3expire 3on even 3in 3the 3initial 3year 3of 3licensure
september 330 3- 3 correct 3answer. 3 The 3deadline 3for 3renewing 3the 3license 3without 3paying
3additional 3fees
90 3prior 3to 3expiration 3- 3 correct 3answer. 3 the 3Commission 3will 3issue 3a 3renewed 3license
3upon 3receipt 3of 3the 3application 3no 3later 3than
7 3days 3- 3 correct 3answer. 3 Inactive 3licensees 3must 3notify 3the 3Commission 3of 3any 3change
3in 3name 3or 3address 3within
To 3activate 3an 3inactive 3license 3- 3 correct 3answer. 3 must 3complete 36 3hours 3of 3CE 3for 3every
3year 3the 3licensee 3was 3inactive, 3up 3to 3a 3total 3of 330 3hours.
If 3a 3license 3has 3been 3expired 3in 3excess 3of 33 3years 3- 3 correct 3answer. 3 the 3reactivation
3requirement 3will 3be 3the 3same 3as 3a 3new 3applicant.
to 3reactivate 3an 3expired 3license 3- 3 correct 3answer. 3 submit 3a 3renewal 3application, 3pay 3the
3appropriate 3fee, 3and 3satisfy 3continuing 3education 3and 3any 3other 3requirements
On 3or 3about 3July 315th 3- 3 correct 3answer. 3 the 3Commission 3sends 3licensees 3notice 3to
3renew 3licenses 3for 3the 3upcoming 3year.
in 3a 3specific 3topic 3identified 3by 3the 3Commission 3- 3 correct 3answer. 3 At 3least 3one 3hour 3of
3the 36-hour 3requirement 3will 3be
the 3first 3partial 3year, 3nor 3the 3following 3full 3year 3of 3licensure 3- 3 correct 3answer. 3 New
3licensees 3are 3not 3required 3to 3complete 3the 3CE 3requirement 3in:
, At 3least 3one 3hour 3of 3the 36-hour 3requirement 3- 3 correct 3answer. 3 will 3be 3in 3a 3specific 3topic
3identified 3by 3the 3Commission 3(courses 3may 3not 3be 3taken 3twice 3to 3meet 3the 3requirement)
courses 3exempt 3from 3SBPCE 3approval 3are: 3- 3 correct 3answer. 3 Courses 3offered 3by
3Realtor 3Associations 3or 3affiliated 3councils.
Courses 3approved 3by 3the 3Commission.
3+-hour 3real 3estate-related 3courses 3offered 3by 3universities 3or 3colleges.
new 3salesperson 3requirement: 3- 3 correct 3answer. 3 complete 318-hour 3AREC 3Post-license
3course 3w/in 3one 3year 3following 3the 3end 3of 3the 3month 3of 3the 3date 3of 3the 3issuance 3of
3the 3initial 3license
new 3broker 3requirement 3- 3 correct 3answer. 3 complete 330-hour 3broker 3course 3w/in 31 3year
3following 3the 3end 3of 3the 3month 3of 3the 3date 3of 3the 3issuance 3of 3the 3initial 3license. 3if 3the
3broker 3had 3completed 3the 3SP's 3post-license 3course 3w/in 33 3yrs 3prior 3to 3date 3of
3licensure, 3need 3only 3take 3an 3additional 312-hour 3course
no 3more 3than 330 3days 3- 3 correct 3answer. 3 Commission 3may 3issue 3temporary 3licenses
3pending 3issuance 3of 3the 3permanent 3license, 3valid 3for
When 3a 3licensee 3leaves 3the 3employment 3of 3a 3principal 3broker 3he/she 3must 3- 3 correct
3answer. 3 immediately 3surrender 3his 3or 3her 3pocket 3card 3to 3the 3principal 3broker
7 3days 3following 3the 3termination 3- 3 correct 3answer. 3 principal 3broker 3must 3within
3notify 3the 3Commission 3of 3the 3termination, 3and 3surrender 3the 3license 3and 3card 3to
3the 3Commission. 3This 3automatically 3de-activates 3the 3license
to 3transfer 3an 3inactive 3licenses 3to 3another 3principal 3broker 3and 3Commission 3issue 3the
3a 3temporary 3license, 3licensee 3must: 3- 3 correct 3answer. 3 file 3a 3transfer 3application 3signed
3by 3the 3new 3principal 3broker, 3pay 3fee, 3and 3submit 3a 3statement 3attesting 3to 3not 3take
3listings 3or 3other 3proprietary 3property 3of 3previous 3broker 3to 3the 3new 3principal 3broker
When 3a 3principal 3broker 3discontinues 3business 3operations, 3or 3is 3terminated 3by 3an 3owner
- 3 correct 3answer. 3 must 3surrender 3the 3license 3and 3all 3licenses 3of 3employed 3brokers 3and
3salespersons 3of 3the 3firm 3to 3the 3Commission 3for 3conversion 3to 3inactive 3status, 3and 3all
3signage 3must 3be 3dismantled.
licenses 3of 3the 3principal 3broker 3and 3all 3licensees 3employed 3or 3affiliated 3with 3the 3principal
3broker 3- 3 correct 3answer. 3 must 3be 3retained 3by 3the 3principal 3broker 3and 3displayed 3in 3the
3broker's 3principal 3place 3of 3business
broker's 3business 3identification 3requirements 3are: 3- 3 correct 3answer. 3 permanently
3attached 3and 3clear 3sign 3bearing 3the 3firm's 3name.
Clear 3terms 3that 3indicate 3the 3company 3is 3in 3the 3real 3estate 3business 3(broker 3must
3notify 3the 3Commission 3of 3any 3change 3signage, 3and 3furnish 3photographs 3for 3approval)
answers 100% guaranteed success.
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 pre-
established 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
,services 3under 3the 3auspices 3of 3the 3principal 3broker, 3but 3who 3also 3has 3the 3authority 3to
3supervise 3associate 3brokers 3and 3salespersons.
associate 3broker 3- 3 correct 3answer. 3 licensed 3broker 3who, 3as 3an 3employee 3or
3independent 3contractor, 3may 3perform 3real 3estate 3services 3under 3the 3supervision 3of 3a
3principal 3broker 3or 3executive 3broker. 3The 3associate 3broker 3may 3not 3supervise 3any
3other 3licensee
to 3qualify 3for 3a 3Arkansas 3license 3- 3 correct 3answer. 3 Be 3of 3majority 3age 3(18 3years 3old).
3Satisfy 3educational 3requirements.
Satisfy 3experience 3requirements.
Pass 3the 3appropriate 3licensing 3examination.
3Demonstrate 3a 3record 3of 3professional 3conduct.
Provide 3evidence 3of 3honesty, 3trustworthiness 3and 3integrity.
3Complete 3a 3criminal 3history 3background 3check.
Pay 3the 3appropriate 3fees.
requirement 3for 3brokers 3license 3- 3 correct 3answer. 3 60 3classroom 3hours 3in 3real 3estate
3within 3a 33-year 3period 3prior 3to 3the 3date 3of 3application, 3documented 3by 3the 3approved
3school 3or 3other 3satisfactory 3evidence
Two 3years 3experience 3as 3a 3licensed 3Arkansas 3salesperson, 3or 3salesperson 3or 3broker
3from 3another 3state, 3within 3the 3four-year 3period 3preceding 3the 3date 3of 3application
application 3procedure 3for 3initial 3licensure 3- 3 correct 3answer. 3 for 3documentation
3evidencing 3fulfillment 3of 3the 3requirements 3previously 3identified 3concerning 3education,
3experience, 3character, 3age, 3etc
submit 3payment 3for 3the 3non-refundable 3application 3fee 3as 3well 3as 3the 3license
3examination 3fee.
requested 3the 3criminal 3background 3check 3may 3then 3take 3the 3license 3examination
invalidate 3the 3results 3of 3exam 3and 3applicant 3must 3reapply 3an 3retest 3- 3 correct 3answer.
3Applicants 3who 3pass 3the 3exam 3must 3pay 3the 3license 3fee 3and 3Real 3Estate 3Recovery
3Fund 3fee 3within 390 3days 3from 3the 3date 3of 3the 3examination. 3Failure 3to 3pay 3these 3fees
3will:
90 3days 3following 3exam 3date 3- 3 correct 3answer. 3 Upon 3successful 3completion 3of 3the
3examination, 3the 3applicant 3must 3submit 3the 3proper 3forms 3and 3fees 3to 3the 3Commission 3no
3later 3than
a 3six-month 3extension 3- 3 correct 3answer. 3 if 3an 3applicant 3fails 3one 3of 3the 3sections 3of 3the
3exam, 3he 3or 3she 3is 3granted 3a re-take 3and 3pass 3the 3failed 3portion. 3misses
3deadline 3he 3or 3she 3must 3re-take 3the 3entire 3exam.
if 3the 3examinee 3waits 3more 3than 3one 3year 3- 3 correct 3answer. 3 he 3or 3she 3must 3re-take 3the
3exam 3and 3re-apply 3for 3the 3license.
,exempt 3from 3general 3portion 3of 3exam 3if: 3- 3 correct 3answer. 3 They 3passed 3the 3general
3portion 3in 3another 3state, 3subject 3to 3Commission 3approval; 3and
The 3passing 3grade 3for 3such 3section 3is 3no 3lower; 3and
The 3examinee 3is 3licensed 3in 3another 3state 3at 3the 3time 3he 3or 3she 3takes 3the 3Arkansas
3exam.
requirements 3for 3non-resident 3licensure 3are: 3- 3 correct 3answer. 3 Meet 3the 3same
3requirements 3as 3residents; 3or 3follow 3commissions 3non-resident 3regulations 3and 3meet
3requirements 3such 3as 3Affiliate 3with 3a 3resident 3or 3non-resident 3principal 3broker 3licensed
3by 3the 3Commission 3etc.
If 3a 3resident 3or 3non-resident 3licensee 3terminates 3affiliation 3with 3a 3principal 3briker 3-
3correct 3answer. 3 the 3person's 3license 3is 3terminated 3until 3such 3time 3as 3a 3re-affiliation
3occurs 3with 3another 3principal 3broker 3and 3the 3nonresident/resident 3places 3his 3or 3her
3license 3on 3inactive 3status.
December 331 3- 3 correct 3answer. 3 All 3Arkansas 3real 3estate 3licenses, 3active 3or 3inactive,
3expire 3on even 3in 3the 3initial 3year 3of 3licensure
september 330 3- 3 correct 3answer. 3 The 3deadline 3for 3renewing 3the 3license 3without 3paying
3additional 3fees
90 3prior 3to 3expiration 3- 3 correct 3answer. 3 the 3Commission 3will 3issue 3a 3renewed 3license
3upon 3receipt 3of 3the 3application 3no 3later 3than
7 3days 3- 3 correct 3answer. 3 Inactive 3licensees 3must 3notify 3the 3Commission 3of 3any 3change
3in 3name 3or 3address 3within
To 3activate 3an 3inactive 3license 3- 3 correct 3answer. 3 must 3complete 36 3hours 3of 3CE 3for 3every
3year 3the 3licensee 3was 3inactive, 3up 3to 3a 3total 3of 330 3hours.
If 3a 3license 3has 3been 3expired 3in 3excess 3of 33 3years 3- 3 correct 3answer. 3 the 3reactivation
3requirement 3will 3be 3the 3same 3as 3a 3new 3applicant.
to 3reactivate 3an 3expired 3license 3- 3 correct 3answer. 3 submit 3a 3renewal 3application, 3pay 3the
3appropriate 3fee, 3and 3satisfy 3continuing 3education 3and 3any 3other 3requirements
On 3or 3about 3July 315th 3- 3 correct 3answer. 3 the 3Commission 3sends 3licensees 3notice 3to
3renew 3licenses 3for 3the 3upcoming 3year.
in 3a 3specific 3topic 3identified 3by 3the 3Commission 3- 3 correct 3answer. 3 At 3least 3one 3hour 3of
3the 36-hour 3requirement 3will 3be
the 3first 3partial 3year, 3nor 3the 3following 3full 3year 3of 3licensure 3- 3 correct 3answer. 3 New
3licensees 3are 3not 3required 3to 3complete 3the 3CE 3requirement 3in:
, At 3least 3one 3hour 3of 3the 36-hour 3requirement 3- 3 correct 3answer. 3 will 3be 3in 3a 3specific 3topic
3identified 3by 3the 3Commission 3(courses 3may 3not 3be 3taken 3twice 3to 3meet 3the 3requirement)
courses 3exempt 3from 3SBPCE 3approval 3are: 3- 3 correct 3answer. 3 Courses 3offered 3by
3Realtor 3Associations 3or 3affiliated 3councils.
Courses 3approved 3by 3the 3Commission.
3+-hour 3real 3estate-related 3courses 3offered 3by 3universities 3or 3colleges.
new 3salesperson 3requirement: 3- 3 correct 3answer. 3 complete 318-hour 3AREC 3Post-license
3course 3w/in 3one 3year 3following 3the 3end 3of 3the 3month 3of 3the 3date 3of 3the 3issuance 3of
3the 3initial 3license
new 3broker 3requirement 3- 3 correct 3answer. 3 complete 330-hour 3broker 3course 3w/in 31 3year
3following 3the 3end 3of 3the 3month 3of 3the 3date 3of 3the 3issuance 3of 3the 3initial 3license. 3if 3the
3broker 3had 3completed 3the 3SP's 3post-license 3course 3w/in 33 3yrs 3prior 3to 3date 3of
3licensure, 3need 3only 3take 3an 3additional 312-hour 3course
no 3more 3than 330 3days 3- 3 correct 3answer. 3 Commission 3may 3issue 3temporary 3licenses
3pending 3issuance 3of 3the 3permanent 3license, 3valid 3for
When 3a 3licensee 3leaves 3the 3employment 3of 3a 3principal 3broker 3he/she 3must 3- 3 correct
3answer. 3 immediately 3surrender 3his 3or 3her 3pocket 3card 3to 3the 3principal 3broker
7 3days 3following 3the 3termination 3- 3 correct 3answer. 3 principal 3broker 3must 3within
3notify 3the 3Commission 3of 3the 3termination, 3and 3surrender 3the 3license 3and 3card 3to
3the 3Commission. 3This 3automatically 3de-activates 3the 3license
to 3transfer 3an 3inactive 3licenses 3to 3another 3principal 3broker 3and 3Commission 3issue 3the
3a 3temporary 3license, 3licensee 3must: 3- 3 correct 3answer. 3 file 3a 3transfer 3application 3signed
3by 3the 3new 3principal 3broker, 3pay 3fee, 3and 3submit 3a 3statement 3attesting 3to 3not 3take
3listings 3or 3other 3proprietary 3property 3of 3previous 3broker 3to 3the 3new 3principal 3broker
When 3a 3principal 3broker 3discontinues 3business 3operations, 3or 3is 3terminated 3by 3an 3owner
- 3 correct 3answer. 3 must 3surrender 3the 3license 3and 3all 3licenses 3of 3employed 3brokers 3and
3salespersons 3of 3the 3firm 3to 3the 3Commission 3for 3conversion 3to 3inactive 3status, 3and 3all
3signage 3must 3be 3dismantled.
licenses 3of 3the 3principal 3broker 3and 3all 3licensees 3employed 3or 3affiliated 3with 3the 3principal
3broker 3- 3 correct 3answer. 3 must 3be 3retained 3by 3the 3principal 3broker 3and 3displayed 3in 3the
3broker's 3principal 3place 3of 3business
broker's 3business 3identification 3requirements 3are: 3- 3 correct 3answer. 3 permanently
3attached 3and 3clear 3sign 3bearing 3the 3firm's 3name.
Clear 3terms 3that 3indicate 3the 3company 3is 3in 3the 3real 3estate 3business 3(broker 3must
3notify 3the 3Commission 3of 3any 3change 3signage, 3and 3furnish 3photographs 3for 3approval)
