Arkansas Real Estate Broker Exam
questions and answers 100% guaranteed
success.
Maximum amount due for a filing fee of a time share interval project - correct
answer.
$1,000
Time share annual renewal fee - correct answer. $500
A timeshare developer found guilty of a timeshare law in fraction can be fined
up to imprisoned for how long - correct answer. $5000 and one year
Real estate sales person's license expire when - correct answer. December
31 of each year
Who is generally responsible for ensuring that the closing is handled in exact
accordance with the contract - correct answer. Principal broker
Who makes and enforces the rules by which our real estate licensees must
abide - correct answer. Arkansas real estate commission
The Arkansas real estate commission members are designated by - correct
answer. The governor and subject to confirmation by the senate
All earnest money funds received by a broker on behalf of her principal must
be deposited into an escrow a trust account within - correct answer. With in
three days of the contract being signed
, A 2resident 2managers 2exempt 2from 2real 2estate 2licensing 2requirements 2-
2 correct 2answer. 2Yes
If 2found 2guilty 2of 2a 2timeshare 2violation, 2the 2developer 2or 2agent 2can 2be
2charged 2with 2- 2correct 2answer. 2 A 2misdemeanor
Earnest 2money 2received 2another 2companies 2listing 2should 2be 2- 2 correct
2answer. 2Forwarded 2to 2the 2listing 2company
Paying 2a 2commission 2or 2any 2valuable 2consideration 2to 2any 2unlicensed 2person
2for 2acts 2or 2services 2performed 2- 2 correct 2answer. 2 Is 2a 2violation 2and 2is
2punishable 2by 2suspension, 2revocation, 2or 2demotion 2of 2the 2licensee
A 2broker's 2price 2opinion 2cannot 2contain 2the 2following 2words 2- 2 correct
2answer. 2 Market 2value, 2appraisal, 2appraised 2value
The 2Arkansas 2real 2estate 2commission 2has 2how 2many 2members 2- 2 correct
2answer. 2 Five, 23 2year 2terms, 2designated 2by 2the 2governor 2and 2confirmed 2by
2the 2Senate
What 2is 2the 2make 2up 2of 2the 2AREC 2board 2- 2 correct 2answer. 2 3 2license 2real 2estate
2brokers/salespersons 2who 2have 2been 2licensed 2for 2more 2than 2five 2years
2 2members 2are 2not 2actively 2engaged 2in 2realestate, 21 2representing
2consumers, 21 2older 2than 260 2representing 2the 2elderly
How 2long 2does 2a 2salesperson 2have 2to 2wait 2to 2reapply 2for 2licensing 2after 2his
2license 2has 2been 2revoked 2- 2 correct 2answer. 2 Two 2years
Upon 2termination 2of 2employment 2a 2licensee 2must 2give 2his 2pocket 2card 2to 2-
2 correct 2answer. 2 The 2principal 2broker
If 2a 2complaint 2disagrees 2with 2the 2director 2of 2the 2commissions 2dismissal 2of
2a 2written 2complaint 2- 2 correct 2answer. 2 Submit 2a 2request 2in 2writing, 2along
2with 2the 2filing 2fee, 2to 2a 2obtain 2a 2determination 2from 2the 2entire 2AREC
Any 2person 2who 2acts 2as 2a 2real 2property 2auctioneer 2must 2- 2 correct 2answer.
2 Have 2his 2auctioneers 2license 2endorsed 2by 2the 2AREC
What 2are 2the 2types 2of 2agency 2relationships 2in 2Arkansas 2- 2 correct 2answer.
2 Seller, 2buyer, 2and 2disclosed 2dual
When 2must 2agency 2representation 2be 2disclosed 2to 2listing 2brokers 2by 2buying
2brokers 2- 2correct 2answer. 2 In 2a 2timely 2manner 2under 2the 2particular
2circumstances
A 2salesperson 2is 2convicted 2of 2violating 2an 2a 2AREC 2regulation 2must 2notify 2the
2AREC.... 2- 2correct 2answer. 2 In 2writing 2within 230 2days 2of 2the 2violation
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questions and answers 100% guaranteed
success.
Maximum amount due for a filing fee of a time share interval project - correct
answer.
$1,000
Time share annual renewal fee - correct answer. $500
A timeshare developer found guilty of a timeshare law in fraction can be fined
up to imprisoned for how long - correct answer. $5000 and one year
Real estate sales person's license expire when - correct answer. December
31 of each year
Who is generally responsible for ensuring that the closing is handled in exact
accordance with the contract - correct answer. Principal broker
Who makes and enforces the rules by which our real estate licensees must
abide - correct answer. Arkansas real estate commission
The Arkansas real estate commission members are designated by - correct
answer. The governor and subject to confirmation by the senate
All earnest money funds received by a broker on behalf of her principal must
be deposited into an escrow a trust account within - correct answer. With in
three days of the contract being signed
, A 2resident 2managers 2exempt 2from 2real 2estate 2licensing 2requirements 2-
2 correct 2answer. 2Yes
If 2found 2guilty 2of 2a 2timeshare 2violation, 2the 2developer 2or 2agent 2can 2be
2charged 2with 2- 2correct 2answer. 2 A 2misdemeanor
Earnest 2money 2received 2another 2companies 2listing 2should 2be 2- 2 correct
2answer. 2Forwarded 2to 2the 2listing 2company
Paying 2a 2commission 2or 2any 2valuable 2consideration 2to 2any 2unlicensed 2person
2for 2acts 2or 2services 2performed 2- 2 correct 2answer. 2 Is 2a 2violation 2and 2is
2punishable 2by 2suspension, 2revocation, 2or 2demotion 2of 2the 2licensee
A 2broker's 2price 2opinion 2cannot 2contain 2the 2following 2words 2- 2 correct
2answer. 2 Market 2value, 2appraisal, 2appraised 2value
The 2Arkansas 2real 2estate 2commission 2has 2how 2many 2members 2- 2 correct
2answer. 2 Five, 23 2year 2terms, 2designated 2by 2the 2governor 2and 2confirmed 2by
2the 2Senate
What 2is 2the 2make 2up 2of 2the 2AREC 2board 2- 2 correct 2answer. 2 3 2license 2real 2estate
2brokers/salespersons 2who 2have 2been 2licensed 2for 2more 2than 2five 2years
2 2members 2are 2not 2actively 2engaged 2in 2realestate, 21 2representing
2consumers, 21 2older 2than 260 2representing 2the 2elderly
How 2long 2does 2a 2salesperson 2have 2to 2wait 2to 2reapply 2for 2licensing 2after 2his
2license 2has 2been 2revoked 2- 2 correct 2answer. 2 Two 2years
Upon 2termination 2of 2employment 2a 2licensee 2must 2give 2his 2pocket 2card 2to 2-
2 correct 2answer. 2 The 2principal 2broker
If 2a 2complaint 2disagrees 2with 2the 2director 2of 2the 2commissions 2dismissal 2of
2a 2written 2complaint 2- 2 correct 2answer. 2 Submit 2a 2request 2in 2writing, 2along
2with 2the 2filing 2fee, 2to 2a 2obtain 2a 2determination 2from 2the 2entire 2AREC
Any 2person 2who 2acts 2as 2a 2real 2property 2auctioneer 2must 2- 2 correct 2answer.
2 Have 2his 2auctioneers 2license 2endorsed 2by 2the 2AREC
What 2are 2the 2types 2of 2agency 2relationships 2in 2Arkansas 2- 2 correct 2answer.
2 Seller, 2buyer, 2and 2disclosed 2dual
When 2must 2agency 2representation 2be 2disclosed 2to 2listing 2brokers 2by 2buying
2brokers 2- 2correct 2answer. 2 In 2a 2timely 2manner 2under 2the 2particular
2circumstances
A 2salesperson 2is 2convicted 2of 2violating 2an 2a 2AREC 2regulation 2must 2notify 2the
2AREC.... 2- 2correct 2answer. 2 In 2writing 2within 230 2days 2of 2the 2violation
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