Arkansas Real Estate State Exam Prep
questions and answers 100% guaranteed
success.
Commission meetings:
a. Are whenever possible
b. Are on the first Monday following the second Tuesday of every month
c. Can be called by a majority
d. Are twice a year at a time designated by the commission - correct answer. C. Can be
called by a majority
Meetings of the commission are held:
a. At the commission's office
b. At the board room
c. In private
d. At a public facility - correct answer. A. At the commission's office
An appearance before the commission:
a. Is mandatory if subpoenaed
b. Is required of all agents
c. Is subject to expenses
d. Must be accompanied by the broker - correct answer. a. Is mandatory if
subpoenaed
,All agendas of the commission are:
a. Prepared by the commissioner
b. Subject to board approval
c. Given with at least 5 days notice
d. Allotted approximate time intervals - correct answer. d. Allotted approximate time
intervals
Salaries of the employees of the commission are:
a. Fixed by the Governor
b. Voted on by the public
c. Fixed by the director
d. Subject to inflationary increases - correct answer. c. Fixed by the director
Serving a subpoena is the responsibility of:
a. The commission
b. The Director
c. The State Marshall
d. The person requesting it - correct answer. d. The person requesting it
The Duties of the Director of the commission are:
a. Unlimited
b. Controlled
c. Irrevocable
d. Voidable - correct answer. b. Controlled
All of the following are false except:
a. The annual renewal broker license fee is $75.00
b. The transfer fee is $35.00
c. The original salesperson license fee is $60.00
d. The appeal-filing fees $100.00 - correct answer. d. The appeal-filing fees $100.00
If a bank dishonors a broker or salesperson's check it can be:
a. Charged a fee of $30.00
b. Collected from the principal broker
c. Taken out of the Real estate recovery Fund
d. Required to be made good within a "reasonable amount" of time - correct answer. b.
Collected from the principal broker
If a salesperson overpays on a check to the commission:
a. The excess must be entirely and promptly refunded
b. The commission may keep a portion for its own use
c. It may be declared void and returned to the check writer
d. The Commission is not obligated to return any of it. - correct answer. b. The
commission may keep a portion for its own use
In regards to educational credit:
, a. Prelicensure 3courses 3can 3apply 3to 3C.E. 3credit
b. C.E. 3credit 3can 3apply 3to 3Prelicensure 3requirements
c. Both 3a 3& 3b
d. Neither 3a 3nor 3b 3- 3 correct 3answer. 3 d. 3Neither 3a 3nor 3b
An 3out 3of 3state 3applicant 3whose 3state 3license 3does 3not 3offer 3Arkansas 3Licenses
3opportunities 3comparable. 3to 3Arkansas:
a. May 3ask 3for 3a 3hearing 3before 3the 3commission
b. May 3be 3licensed 3after 3taking 3all 3classroom 3requirements, 3testing 3and 3paying 3all 3fees
c. Must 3be 3a 3resident 3of 3Arkansas 3to 3get 3a 3license
d. May 3take 3only 3the 3Arkansas 3Law 3portion 3of 3the 3exam 3- 3 correct 3answer. 3 b. 3May 3be
3licensed 3after 3taking 3all 3classroom 3requirements, 3testing 3and 3paying 3all 3fees
In 3general 3an 3application 3to 3renew 3a 3real 3estate 3license 3received 3by 3the 3commission
3after 3September 330th:
a. Will 3be 3returned
b. Will 3be 3treated 3as 3an 3expired 3license
c. Will 3be 3revoked
d. Will 3be 3processed 3because 3of 3the 3grace 3period 3- 3 correct 3answer. 3 b. 3Will 3be 3treated
3as 3an 3expired 3license
The 3commission 3may 3process 3an 3application 3without 3penalty 3received 3on 3October 32nd
3because:
a. There 3is 3a 35-day 3grace 3period
b. The 3applicant 3has 3a 3documented 3reason
c. There 3were 3holidays
d. The 3commission 3sets 3the 3date 3manually 3- 3 correct 3answer. 3 c. 3There 3were 3holidays
An 3agent 3places 3their 3license 3on 3inactive 3status 3on 3December 315, 32001. 3They 3can
3reactivate 3their 3license 3without 3testing 3if 3they 3apply 3by:
a. December 315, 32003
b. December 331, 32004
c. December 331, 32003
d. December 315, 32004 3- 3 correct 3answer. 3 b. 3December 331, 32004
To 3reinstate 3an 3expired 3license:
a. A 3test 3must 3be 3taken
b. Proof 3of 3non-activity 3in 3real 3estate 3must 3be 3given
c. A 3fee 3must 3be 3paid
d. All 3of 3the 3above 3- 3 correct 3answer. 3 c. 3A 3fee 3must 3be 3paid
The 3name 3of 3a 3real 3estate 3firm:
a. Must 3have 3the 3words 3"real 3estate" 3in 3it
b. Must 3be 3registered 3with 3the 3board
c. May 3need 3approval
d. Is 3subject 3to 3no 3restrictions 3- 3 correct 3answer. 3 c. 3May 3need 3approval
questions and answers 100% guaranteed
success.
Commission meetings:
a. Are whenever possible
b. Are on the first Monday following the second Tuesday of every month
c. Can be called by a majority
d. Are twice a year at a time designated by the commission - correct answer. C. Can be
called by a majority
Meetings of the commission are held:
a. At the commission's office
b. At the board room
c. In private
d. At a public facility - correct answer. A. At the commission's office
An appearance before the commission:
a. Is mandatory if subpoenaed
b. Is required of all agents
c. Is subject to expenses
d. Must be accompanied by the broker - correct answer. a. Is mandatory if
subpoenaed
,All agendas of the commission are:
a. Prepared by the commissioner
b. Subject to board approval
c. Given with at least 5 days notice
d. Allotted approximate time intervals - correct answer. d. Allotted approximate time
intervals
Salaries of the employees of the commission are:
a. Fixed by the Governor
b. Voted on by the public
c. Fixed by the director
d. Subject to inflationary increases - correct answer. c. Fixed by the director
Serving a subpoena is the responsibility of:
a. The commission
b. The Director
c. The State Marshall
d. The person requesting it - correct answer. d. The person requesting it
The Duties of the Director of the commission are:
a. Unlimited
b. Controlled
c. Irrevocable
d. Voidable - correct answer. b. Controlled
All of the following are false except:
a. The annual renewal broker license fee is $75.00
b. The transfer fee is $35.00
c. The original salesperson license fee is $60.00
d. The appeal-filing fees $100.00 - correct answer. d. The appeal-filing fees $100.00
If a bank dishonors a broker or salesperson's check it can be:
a. Charged a fee of $30.00
b. Collected from the principal broker
c. Taken out of the Real estate recovery Fund
d. Required to be made good within a "reasonable amount" of time - correct answer. b.
Collected from the principal broker
If a salesperson overpays on a check to the commission:
a. The excess must be entirely and promptly refunded
b. The commission may keep a portion for its own use
c. It may be declared void and returned to the check writer
d. The Commission is not obligated to return any of it. - correct answer. b. The
commission may keep a portion for its own use
In regards to educational credit:
, a. Prelicensure 3courses 3can 3apply 3to 3C.E. 3credit
b. C.E. 3credit 3can 3apply 3to 3Prelicensure 3requirements
c. Both 3a 3& 3b
d. Neither 3a 3nor 3b 3- 3 correct 3answer. 3 d. 3Neither 3a 3nor 3b
An 3out 3of 3state 3applicant 3whose 3state 3license 3does 3not 3offer 3Arkansas 3Licenses
3opportunities 3comparable. 3to 3Arkansas:
a. May 3ask 3for 3a 3hearing 3before 3the 3commission
b. May 3be 3licensed 3after 3taking 3all 3classroom 3requirements, 3testing 3and 3paying 3all 3fees
c. Must 3be 3a 3resident 3of 3Arkansas 3to 3get 3a 3license
d. May 3take 3only 3the 3Arkansas 3Law 3portion 3of 3the 3exam 3- 3 correct 3answer. 3 b. 3May 3be
3licensed 3after 3taking 3all 3classroom 3requirements, 3testing 3and 3paying 3all 3fees
In 3general 3an 3application 3to 3renew 3a 3real 3estate 3license 3received 3by 3the 3commission
3after 3September 330th:
a. Will 3be 3returned
b. Will 3be 3treated 3as 3an 3expired 3license
c. Will 3be 3revoked
d. Will 3be 3processed 3because 3of 3the 3grace 3period 3- 3 correct 3answer. 3 b. 3Will 3be 3treated
3as 3an 3expired 3license
The 3commission 3may 3process 3an 3application 3without 3penalty 3received 3on 3October 32nd
3because:
a. There 3is 3a 35-day 3grace 3period
b. The 3applicant 3has 3a 3documented 3reason
c. There 3were 3holidays
d. The 3commission 3sets 3the 3date 3manually 3- 3 correct 3answer. 3 c. 3There 3were 3holidays
An 3agent 3places 3their 3license 3on 3inactive 3status 3on 3December 315, 32001. 3They 3can
3reactivate 3their 3license 3without 3testing 3if 3they 3apply 3by:
a. December 315, 32003
b. December 331, 32004
c. December 331, 32003
d. December 315, 32004 3- 3 correct 3answer. 3 b. 3December 331, 32004
To 3reinstate 3an 3expired 3license:
a. A 3test 3must 3be 3taken
b. Proof 3of 3non-activity 3in 3real 3estate 3must 3be 3given
c. A 3fee 3must 3be 3paid
d. All 3of 3the 3above 3- 3 correct 3answer. 3 c. 3A 3fee 3must 3be 3paid
The 3name 3of 3a 3real 3estate 3firm:
a. Must 3have 3the 3words 3"real 3estate" 3in 3it
b. Must 3be 3registered 3with 3the 3board
c. May 3need 3approval
d. Is 3subject 3to 3no 3restrictions 3- 3 correct 3answer. 3 c. 3May 3need 3approval
