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CE Shop Arkansas Practice Test questions
a a a a a
aand answers 100% guaranteed success.
a a a a a
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Alexi asigned aa atime-share apurchase acontract aon athe aWednesday abefore aMemorial
aDay a
a
weekend. aWhat ais athe alast aday ahe acan apossibly asubmit aa acancellation anotice
ato athe
a
seller?
a
A. On aMemorial aDay a
a
B. The aday aafter aMemorial aDay a
a
C. The aday abefore aMemorial aDay a
a
D. The aFriday abefore aMemorial aDay a- a acorrect aanswer. a aB. aThe aday aafter aMemorial
aDay a
a
Since athe afifth aday aafter athe asigning aof athe acontract ais aa aholiday a(Memorial aDay),
aAlexi ahas a
a
until athe afollowing aday ato asubmit ahis acancellation
anotice.
a
A afew adays aago, aArkansas abroker aJessica asubmitted aan aoffer ato aher aseller aclient,
aSean. aHe acalled aher athis amorning ato asay ahe's aaccepting athe aoffer. aWoohoo! aTo astay
ain acompliance awith acommission arules, awhat amust aoccur aprior ato aclosing? aSelect athe
abest acorrect aanswer. a
a
A. aA acopy aof athe acontract, aincluding aany aaddenda, amay abe aprovided ato athe abuyer
aand a
a
seller aafter
aclosing.
a
B. aBoth athe abuyer aand athe aseller amust areceive aa acopy aof athe acontract, aincluding
aany a
, a
addenda aand acontaining aall arequired asignatures, aprior ato
aclosing.
a
C. aThe abuyer amust areceive aa acopy aof athe acontract, aincluding aany aaddenda,
acontaining aall a
a
required
asignatures.
a
D. aThe aseller amust areceive aa acopy aof athe acontract, aincluding aany aaddenda,
acontaining aall arequired asignatures. a- a acorrect aanswer. a aB. aBoth athe abuyer aand athe
aseller amust areceive aa acopy aof athe acontract, aincluding aany aaddenda aand acontaining
aall arequired asignatures, aprior ato aclosing. a
a
Both athe abuyer aand athe aseller amust areceive aa acopy aof athe acontract, aincluding
aany a
a
addenda aand acontaining aall arequired asignatures, aprior ato
aclosing.
a
Kent ahas aknowledge athat aBrent, aanother asalesperson ain athe afirm, apurposefully
apublished a
a
a amisleading aadvertisement afor aa ahome ain aWest aFork. aWhat adoes athe acommission
asay
a
Kent's aduty ais ain athis
asituation?
a
A. Report ait ain awriting ato athe acommission. a
a
B. Report ait ain awriting ato atheir aprincipal abroker. a
a
C. Speak adirectly ato aBrent aadvising ahim aof athe aviolation. a
a
D. aTurn aBrent ainto athe apolice. a- a acorrect aanswer. a aA. aReport ait ain awriting
ato athe a
a
commission.
a
Dennis ais aa abroker ain aRogers awho awants ato aopen aa abranch aoffice alocation ain
aPrairie a
a
Creek. aWhat adoes ahe aneed ato ado ato aopen aa abranch
aoffice?
a
A. Appear abefore athe acommission ato amake athe abranch aoffice arequest. a
a
B. Appear abefore athe ajudge ato amake athe abranch aoffice arequest a
a
C. Franchise athe abrokerage. a
a
D. aObtain aa aduplicate abranch aoffice alicense. a- a a correct aanswer. a a D. aObtain aa
aduplicate a
, a
branch a office
alicense.
a
If aa aprincipal abroker amaintains aa abranch aoffice, aa aduplicate aprincipal abroker's alicense
ais arequired afor aeach apermanent abranch aoffice aand amust abe adisplayed ain athe abranch
aoffice. a
a
Which aof athe afollowing aduties amay aan aunlicensed aperson ain aArkansas aperform
awhen a
a
receiving
acompensation?
a
A. Negotiating athe aexchange aof areal aestate a
a
B. Negotiating athe asale aor aexchange aof alots aor aparcels aof aland a
a
C. Performing abookkeeping aand aaccounting aduties a
a
D. aSelling aor aoffering ato asell areal aestate a- a a correct aanswer. a a C. aPerforming
abookkeeping a
a
and aaccounting
aduties
a
Arkansas alaw arequires alicensees ato adisclose apersonal ainterest abefore aacting aon atheir
aown abehalf aor aon abehalf aof acertain aindividuals awith awhom athey ahave aa apersonal
arelationship. aWhich aof athe afollowing amust aJose adisclose ato aa abuyer aclient awhen
awriting aup aan aoffer? a
a
A. He aknows athe aother aparty ato athe atransaction abecause ahe alives ain athe
aneighborhood. a
a
B. He's ahelping aan aacquaintance awrite aan aoffer aon athe asame ahouse. a
a
C. He's atold ahis aformer acollege aroommate aabout athe ahouse, aand ahe amay amake aan
aoffer. a
a
D. His amom ais athe aseller. a- a acorrect aanswer. a aD. aHis amom ais athe aseller. a
a
A atemporary ainterim alicense ais avalid afor a_____ adays. a
a
A a ..................................................................................................................................... 4
B....................................................................................................................................... 9
C ...................................................................................................................................... 9
a
a
D. a60 a- a acorrect aanswer. a aC. a30 a
a
Any aoffers aAki areceives afrom aher abuyer aclient amust abe apresented ato athe alisting
afirm a
a
______.
, a
A. As asoon aas apossible a
a
B. By athe aseller adirectly a
a
C. No alater athan athe aclose aof athe anext abusiness aday a
a
D. aWithin aone aweek aof abeing areceived a- a acorrect aanswer. a aC. aNo alater athan athe
aclose aof a
a
the anext abusiness
aday
a
In aArkansas, aany aoffers athe aselling alicensee areceives amust abe apresented ato athe
alisting a
a
firm anot alater athan athe aclose aof athe anext abusiness
aday.
a
In aArkansas, awhich aindividual ain athese ascenarios awould arequire aa areal aestate
alicense? a
a
A. aJoan ais asearching afor aa anew ahome afor aa afriend amoving ainto atown. aAfter athe afriend
abuys a
a
a aproperty, aJoan awill areceive a2% aof athe asales aprice afor aher
atime.
a
B. aMarcus ais aselling ahis aown ahome aand aisn't ausing athe aservices aof aa alisting aagent. a
a
C. aPat ais ahelping ahis asister aKristin afind aa anew aapartment. aHe's asearching alistings
aand a
a
calling aproperty amanagement acompanies abut awon't areceive aanything ain
areturn.
a
D. aRon ais aacting aas aexecutor aof ahis auncle's aestate, awhich aincludes aselling ahis
auncle's aproperty. a- a acorrect aanswer. a aA. aJoan ais asearching afor aa anew ahome afor aa
afriend amoving ainto atown. aAfter athe afriend abuys aa aproperty, aJoan awill areceive a2% aof
athe asales aprice afor aher a
time. a
a
In ageneral, aunlicensed aconsumers acan't aperform areal aestate aactivities afor aothers afor
aa afee aor afor acompensation aof aany akind. aExceptions ainclude atrustees aand aexecutors,
aor apeople aselling atheir aown aproperty. aJoan ais areceiving acompensation aand awould
aneed ato abe alicensed ain aorder anot ato abreak aany alaws. a
a
Which aof athese aadvertisements awould abe acompliant awith aArkansas alicense alaw? a
a
A. aAdam's aad astates ahe ais aa amember aof aNAR, aeven athough ahe ahasn't
afinished ahis a
a
membership aapplication
ayet.
a
a
a
a
a
a
a
a
a
a
CE Shop Arkansas Practice Test questions
a a a a a
aand answers 100% guaranteed success.
a a a a a
a
a
a
a
a
a
a
a
a
a
a
Alexi asigned aa atime-share apurchase acontract aon athe aWednesday abefore aMemorial
aDay a
a
weekend. aWhat ais athe alast aday ahe acan apossibly asubmit aa acancellation anotice
ato athe
a
seller?
a
A. On aMemorial aDay a
a
B. The aday aafter aMemorial aDay a
a
C. The aday abefore aMemorial aDay a
a
D. The aFriday abefore aMemorial aDay a- a acorrect aanswer. a aB. aThe aday aafter aMemorial
aDay a
a
Since athe afifth aday aafter athe asigning aof athe acontract ais aa aholiday a(Memorial aDay),
aAlexi ahas a
a
until athe afollowing aday ato asubmit ahis acancellation
anotice.
a
A afew adays aago, aArkansas abroker aJessica asubmitted aan aoffer ato aher aseller aclient,
aSean. aHe acalled aher athis amorning ato asay ahe's aaccepting athe aoffer. aWoohoo! aTo astay
ain acompliance awith acommission arules, awhat amust aoccur aprior ato aclosing? aSelect athe
abest acorrect aanswer. a
a
A. aA acopy aof athe acontract, aincluding aany aaddenda, amay abe aprovided ato athe abuyer
aand a
a
seller aafter
aclosing.
a
B. aBoth athe abuyer aand athe aseller amust areceive aa acopy aof athe acontract, aincluding
aany a
, a
addenda aand acontaining aall arequired asignatures, aprior ato
aclosing.
a
C. aThe abuyer amust areceive aa acopy aof athe acontract, aincluding aany aaddenda,
acontaining aall a
a
required
asignatures.
a
D. aThe aseller amust areceive aa acopy aof athe acontract, aincluding aany aaddenda,
acontaining aall arequired asignatures. a- a acorrect aanswer. a aB. aBoth athe abuyer aand athe
aseller amust areceive aa acopy aof athe acontract, aincluding aany aaddenda aand acontaining
aall arequired asignatures, aprior ato aclosing. a
a
Both athe abuyer aand athe aseller amust areceive aa acopy aof athe acontract, aincluding
aany a
a
addenda aand acontaining aall arequired asignatures, aprior ato
aclosing.
a
Kent ahas aknowledge athat aBrent, aanother asalesperson ain athe afirm, apurposefully
apublished a
a
a amisleading aadvertisement afor aa ahome ain aWest aFork. aWhat adoes athe acommission
asay
a
Kent's aduty ais ain athis
asituation?
a
A. Report ait ain awriting ato athe acommission. a
a
B. Report ait ain awriting ato atheir aprincipal abroker. a
a
C. Speak adirectly ato aBrent aadvising ahim aof athe aviolation. a
a
D. aTurn aBrent ainto athe apolice. a- a acorrect aanswer. a aA. aReport ait ain awriting
ato athe a
a
commission.
a
Dennis ais aa abroker ain aRogers awho awants ato aopen aa abranch aoffice alocation ain
aPrairie a
a
Creek. aWhat adoes ahe aneed ato ado ato aopen aa abranch
aoffice?
a
A. Appear abefore athe acommission ato amake athe abranch aoffice arequest. a
a
B. Appear abefore athe ajudge ato amake athe abranch aoffice arequest a
a
C. Franchise athe abrokerage. a
a
D. aObtain aa aduplicate abranch aoffice alicense. a- a a correct aanswer. a a D. aObtain aa
aduplicate a
, a
branch a office
alicense.
a
If aa aprincipal abroker amaintains aa abranch aoffice, aa aduplicate aprincipal abroker's alicense
ais arequired afor aeach apermanent abranch aoffice aand amust abe adisplayed ain athe abranch
aoffice. a
a
Which aof athe afollowing aduties amay aan aunlicensed aperson ain aArkansas aperform
awhen a
a
receiving
acompensation?
a
A. Negotiating athe aexchange aof areal aestate a
a
B. Negotiating athe asale aor aexchange aof alots aor aparcels aof aland a
a
C. Performing abookkeeping aand aaccounting aduties a
a
D. aSelling aor aoffering ato asell areal aestate a- a a correct aanswer. a a C. aPerforming
abookkeeping a
a
and aaccounting
aduties
a
Arkansas alaw arequires alicensees ato adisclose apersonal ainterest abefore aacting aon atheir
aown abehalf aor aon abehalf aof acertain aindividuals awith awhom athey ahave aa apersonal
arelationship. aWhich aof athe afollowing amust aJose adisclose ato aa abuyer aclient awhen
awriting aup aan aoffer? a
a
A. He aknows athe aother aparty ato athe atransaction abecause ahe alives ain athe
aneighborhood. a
a
B. He's ahelping aan aacquaintance awrite aan aoffer aon athe asame ahouse. a
a
C. He's atold ahis aformer acollege aroommate aabout athe ahouse, aand ahe amay amake aan
aoffer. a
a
D. His amom ais athe aseller. a- a acorrect aanswer. a aD. aHis amom ais athe aseller. a
a
A atemporary ainterim alicense ais avalid afor a_____ adays. a
a
A a ..................................................................................................................................... 4
B....................................................................................................................................... 9
C ...................................................................................................................................... 9
a
a
D. a60 a- a acorrect aanswer. a aC. a30 a
a
Any aoffers aAki areceives afrom aher abuyer aclient amust abe apresented ato athe alisting
afirm a
a
______.
, a
A. As asoon aas apossible a
a
B. By athe aseller adirectly a
a
C. No alater athan athe aclose aof athe anext abusiness aday a
a
D. aWithin aone aweek aof abeing areceived a- a acorrect aanswer. a aC. aNo alater athan athe
aclose aof a
a
the anext abusiness
aday
a
In aArkansas, aany aoffers athe aselling alicensee areceives amust abe apresented ato athe
alisting a
a
firm anot alater athan athe aclose aof athe anext abusiness
aday.
a
In aArkansas, awhich aindividual ain athese ascenarios awould arequire aa areal aestate
alicense? a
a
A. aJoan ais asearching afor aa anew ahome afor aa afriend amoving ainto atown. aAfter athe afriend
abuys a
a
a aproperty, aJoan awill areceive a2% aof athe asales aprice afor aher
atime.
a
B. aMarcus ais aselling ahis aown ahome aand aisn't ausing athe aservices aof aa alisting aagent. a
a
C. aPat ais ahelping ahis asister aKristin afind aa anew aapartment. aHe's asearching alistings
aand a
a
calling aproperty amanagement acompanies abut awon't areceive aanything ain
areturn.
a
D. aRon ais aacting aas aexecutor aof ahis auncle's aestate, awhich aincludes aselling ahis
auncle's aproperty. a- a acorrect aanswer. a aA. aJoan ais asearching afor aa anew ahome afor aa
afriend amoving ainto atown. aAfter athe afriend abuys aa aproperty, aJoan awill areceive a2% aof
athe asales aprice afor aher a
time. a
a
In ageneral, aunlicensed aconsumers acan't aperform areal aestate aactivities afor aothers afor
aa afee aor afor acompensation aof aany akind. aExceptions ainclude atrustees aand aexecutors,
aor apeople aselling atheir aown aproperty. aJoan ais areceiving acompensation aand awould
aneed ato abe alicensed ain aorder anot ato abreak aany alaws. a
a
Which aof athese aadvertisements awould abe acompliant awith aArkansas alicense alaw? a
a
A. aAdam's aad astates ahe ais aa amember aof aNAR, aeven athough ahe ahasn't
afinished ahis a
a
membership aapplication
ayet.
a
