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Arkansas Real Estate State Exam Prep Questions
and Correct Answers/ Latest Update / Already Graded
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
Ans: 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
Ans: 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
Ans: a. Is mandatory if subpoenaed
© 2025/ 2026 | ® All rights reserved
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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
Ans: 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
Ans: 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
Ans: d. The person requesting it
The Duties of the Director of the commission are:
a. Unlimited
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b. Controlled
c. Irrevocable
d. Voidable
Ans: 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
Ans: 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
Ans: 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
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d. The Commission is not obligated to return any of it.
Ans: b. The commission may keep a portion for its own use
In regards to educational credit:
a. Prelicensure courses can apply to C.E. credit
b. C.E. credit can apply to Prelicensure requirements
c. Both a & b
d. Neither a nor b
Ans: d. Neither a nor b
An out of state applicant whose state license does not offer Arkansas Licenses
opportunities comparable. to Arkansas:
a. May ask for a hearing before the commission
b. May be licensed after taking all classroom requirements, testing and paying all
fees
c. Must be a resident of Arkansas to get a license
d. May take only the Arkansas Law portion of the exam
Ans: b. May be licensed after taking all classroom requirements, testing and
paying all fees
In general an application to renew a real estate license received by the
commission after September 30th:
a. Will be returned
b. Will be treated as an expired license
c. Will be revoked
© 2025/ 2026 | ® All rights reserved
Arkansas Real Estate State Exam Prep Questions
and Correct Answers/ Latest Update / Already Graded
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
Ans: 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
Ans: 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
Ans: a. Is mandatory if subpoenaed
© 2025/ 2026 | ® All rights reserved
, 2 | Page
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
Ans: 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
Ans: 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
Ans: d. The person requesting it
The Duties of the Director of the commission are:
a. Unlimited
© 2025/ 2026 | ® All rights reserved
, 3 | Page
b. Controlled
c. Irrevocable
d. Voidable
Ans: 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
Ans: 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
Ans: 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
© 2025/ 2026 | ® All rights reserved
, 4 | Page
d. The Commission is not obligated to return any of it.
Ans: b. The commission may keep a portion for its own use
In regards to educational credit:
a. Prelicensure courses can apply to C.E. credit
b. C.E. credit can apply to Prelicensure requirements
c. Both a & b
d. Neither a nor b
Ans: d. Neither a nor b
An out of state applicant whose state license does not offer Arkansas Licenses
opportunities comparable. to Arkansas:
a. May ask for a hearing before the commission
b. May be licensed after taking all classroom requirements, testing and paying all
fees
c. Must be a resident of Arkansas to get a license
d. May take only the Arkansas Law portion of the exam
Ans: b. May be licensed after taking all classroom requirements, testing and
paying all fees
In general an application to renew a real estate license received by the
commission after September 30th:
a. Will be returned
b. Will be treated as an expired license
c. Will be revoked
© 2025/ 2026 | ® All rights reserved
