ARKANSAS REAL ESTATE 2026
STATE EXAM PREP 230 QUESTIONS
AND CORRECT ANSWERS ALREADY
GRADED A+
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 - 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 - 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 - 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 - 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 - 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 - ANSWER- d. The person requesting it
The Duties of the Director of the commission are:
a. Unlimited
b. Controlled
c. Irrevocable
d. Voidable - 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 - 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 -
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. - ANSWER- 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 - ANSWER- 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 - ANSWER- 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
STATE EXAM PREP 230 QUESTIONS
AND CORRECT ANSWERS ALREADY
GRADED A+
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 - 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 - 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 - 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 - 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 - 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 - ANSWER- d. The person requesting it
The Duties of the Director of the commission are:
a. Unlimited
b. Controlled
c. Irrevocable
d. Voidable - 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 - 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 -
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. - ANSWER- 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 - ANSWER- 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 - ANSWER- 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
