Arkansas Real Estate Exam ACTUAL
QUESTIONS AND CORRECT ANSWERS
principal broker - CORRECT ANSWERS✅✅an individual who performs certain real estate
services for another party for compensation. ultimately responsible for the company's
activities, notably the activities of other licensees as well as the business's trust accounts.
real estate duties not requiring license - CORRECT ANSWERS✅✅Delivery of a lease
application or lease.
Receiving a lease or lease application for delivery to the principal broker, real estate firm, or
owner.
Receiving a security deposit, rent payment or related payment for delivery to the principal
broker, real estate firm, or owner.
Acting under the direct written instructions of the principal broker, firm or owner in:
Showing a rental unit.
Assisting in the execution of a preprinted lease or rental agreement containing pre-established
terms.
Conveying information regarding a lease transaction prepared by the principal broker, firm,
or owner to any person.
executive broker - CORRECT ANSWERS✅✅a licensed broker employed and supervised by
a principal broker as an employee or independent contractor who can perform real estate
services under the auspices of the principal broker, but who also has the authority to
supervise associate brokers and salespersons.
associate broker - CORRECT ANSWERS✅✅licensed broker who, as an employee or
independent contractor, may perform real estate services under the supervision of a principal
broker or executive broker. The associate broker may not supervise any other licensee
to qualify for a Arkansas license - CORRECT ANSWERS✅✅Be of majority age (18 years
old).
Satisfy educational requirements.
Satisfy experience requirements.
Pass the appropriate licensing examination.
,Demonstrate a record of professional conduct.
Provide evidence of honesty, trustworthiness and integrity.
Complete a criminal history background check.
Pay the appropriate fees.
requirement for brokers license - CORRECT ANSWERS✅✅60 classroom hours in real
estate within a 3-year period prior to the date of application, documented by the approved
school or other satisfactory evidence
Two years experience as a licensed Arkansas salesperson, or salesperson or broker from
another state, within the four-year period preceding the date of application
application procedure for initial licensure - CORRECT ANSWERS✅✅for documentation
evidencing fulfillment of the requirements previously identified concerning education,
experience, character, age, etc submit payment for the non-refundable application fee as well
as the license examination fee.
requested the criminal background check may then take the license examination
invalidate the results of exam and applicant must reapply an retest - CORRECT
ANSWERS✅✅Applicants who pass the exam must pay the license fee and Real Estate
Recovery Fund fee within 90 days from the date of the examination. Failure to pay these fees
will:
90 days following exam date - CORRECT ANSWERS✅✅Upon successful completion of
the examination, the applicant must submit the proper forms and fees to the Commission no
later than
a six-month extension - CORRECT ANSWERS✅✅if an applicant fails one of the sections
of the exam, he or she is granted a _____ re-take and pass the failed portion. misses deadline
he or she must re-take the entire exam.
if the examinee waits more than one year - CORRECT ANSWERS✅✅he or she must retake
the exam and re-apply for the license.
,exempt from general portion of exam if: - CORRECT ANSWERS✅✅They passed the
general portion in another state, subject to Commission approval; and
The passing grade for such section is no lower; and
The examinee is licensed in another state at the time he or she takes the Arkansas exam.
requirements for non-resident licensure are: - CORRECT ANSWERS✅✅Meet the same
requirements as residents; or follow commissions non-resident regulations and meet
requirements such as Affiliate with a resident or non-resident principal broker licensed by the
Commission etc.
If a resident or non-resident licensee terminates affiliation with a principal briker -
CORRECT ANSWERS✅✅the person's license is terminated until such time as a
reaffiliation occurs with another principal broker and the nonresident/resident places his or
her license on inactive status.
December 31 - CORRECT ANSWERS✅✅All Arkansas real estate licenses, active or
inactive, expire on___ even in the initial year of licensure
september 30 - CORRECT ANSWERS✅✅The deadline for renewing the license without
paying additional fees
90 prior to expiration - CORRECT ANSWERS✅✅the Commission will issue a renewed
license upon receipt of the application no later than
7 days - CORRECT ANSWERS✅✅Inactive licensees must notify the Commission of any
change in name or address within
To activate an inactive license - CORRECT ANSWERS✅✅must complete 6 hours of CE
for every year the licensee was inactive, up to a total of 30 hours.
If a license has been expired in excess of 3 years - CORRECT ANSWERS✅✅the
reactivation requirement will be the same as a new applicant.
, to reactivate an expired license - CORRECT ANSWERS✅✅submit a renewal application,
pay the appropriate fee, and satisfy continuing education and any other requirements
On or about July 15th - CORRECT ANSWERS✅✅the Commission sends licensees notice
to renew licenses for the upcoming year.
in a specific topic identified by the Commission - CORRECT ANSWERS✅✅At least one
hour of the 6-hour requirement will be
the first partial year, nor the following full year of licensure - CORRECT
ANSWERS✅✅New licensees are not required to complete the CE requirement in:
At least one hour of the 6-hour requirement - CORRECT ANSWERS✅✅will be in a
specific topic identified by the Commission (courses may not be taken twice to meet the
requirement)
courses exempt from SBPCE approval are: - CORRECT ANSWERS✅✅Courses offered by
Realtor Associations or affiliated councils.
Courses approved by the Commission.
3+-hour real estate-related courses offered by universities or colleges.
new salesperson requirement: - CORRECT ANSWERS✅✅complete 18-hour AREC Post-
license course w/in one year following the end of the month of the date of the issuance of the
initial license
new broker requirement - CORRECT ANSWERS✅✅complete 30-hour broker course w/in
1 year following the end of the month of the date of the issuance of the initial license. if the
broker had completed the SP's post-license course w/in 3 yrs prior to date of licensure, need
only take an additional 12-hour course
no more than 30 days - CORRECT ANSWERS✅✅Commission may issue temporary
licenses pending issuance of the permanent license, valid for __
When a licensee leaves the employment of a principal broker he/she must - CORRECT
QUESTIONS AND CORRECT ANSWERS
principal broker - CORRECT ANSWERS✅✅an individual who performs certain real estate
services for another party for compensation. ultimately responsible for the company's
activities, notably the activities of other licensees as well as the business's trust accounts.
real estate duties not requiring license - CORRECT ANSWERS✅✅Delivery of a lease
application or lease.
Receiving a lease or lease application for delivery to the principal broker, real estate firm, or
owner.
Receiving a security deposit, rent payment or related payment for delivery to the principal
broker, real estate firm, or owner.
Acting under the direct written instructions of the principal broker, firm or owner in:
Showing a rental unit.
Assisting in the execution of a preprinted lease or rental agreement containing pre-established
terms.
Conveying information regarding a lease transaction prepared by the principal broker, firm,
or owner to any person.
executive broker - CORRECT ANSWERS✅✅a licensed broker employed and supervised by
a principal broker as an employee or independent contractor who can perform real estate
services under the auspices of the principal broker, but who also has the authority to
supervise associate brokers and salespersons.
associate broker - CORRECT ANSWERS✅✅licensed broker who, as an employee or
independent contractor, may perform real estate services under the supervision of a principal
broker or executive broker. The associate broker may not supervise any other licensee
to qualify for a Arkansas license - CORRECT ANSWERS✅✅Be of majority age (18 years
old).
Satisfy educational requirements.
Satisfy experience requirements.
Pass the appropriate licensing examination.
,Demonstrate a record of professional conduct.
Provide evidence of honesty, trustworthiness and integrity.
Complete a criminal history background check.
Pay the appropriate fees.
requirement for brokers license - CORRECT ANSWERS✅✅60 classroom hours in real
estate within a 3-year period prior to the date of application, documented by the approved
school or other satisfactory evidence
Two years experience as a licensed Arkansas salesperson, or salesperson or broker from
another state, within the four-year period preceding the date of application
application procedure for initial licensure - CORRECT ANSWERS✅✅for documentation
evidencing fulfillment of the requirements previously identified concerning education,
experience, character, age, etc submit payment for the non-refundable application fee as well
as the license examination fee.
requested the criminal background check may then take the license examination
invalidate the results of exam and applicant must reapply an retest - CORRECT
ANSWERS✅✅Applicants who pass the exam must pay the license fee and Real Estate
Recovery Fund fee within 90 days from the date of the examination. Failure to pay these fees
will:
90 days following exam date - CORRECT ANSWERS✅✅Upon successful completion of
the examination, the applicant must submit the proper forms and fees to the Commission no
later than
a six-month extension - CORRECT ANSWERS✅✅if an applicant fails one of the sections
of the exam, he or she is granted a _____ re-take and pass the failed portion. misses deadline
he or she must re-take the entire exam.
if the examinee waits more than one year - CORRECT ANSWERS✅✅he or she must retake
the exam and re-apply for the license.
,exempt from general portion of exam if: - CORRECT ANSWERS✅✅They passed the
general portion in another state, subject to Commission approval; and
The passing grade for such section is no lower; and
The examinee is licensed in another state at the time he or she takes the Arkansas exam.
requirements for non-resident licensure are: - CORRECT ANSWERS✅✅Meet the same
requirements as residents; or follow commissions non-resident regulations and meet
requirements such as Affiliate with a resident or non-resident principal broker licensed by the
Commission etc.
If a resident or non-resident licensee terminates affiliation with a principal briker -
CORRECT ANSWERS✅✅the person's license is terminated until such time as a
reaffiliation occurs with another principal broker and the nonresident/resident places his or
her license on inactive status.
December 31 - CORRECT ANSWERS✅✅All Arkansas real estate licenses, active or
inactive, expire on___ even in the initial year of licensure
september 30 - CORRECT ANSWERS✅✅The deadline for renewing the license without
paying additional fees
90 prior to expiration - CORRECT ANSWERS✅✅the Commission will issue a renewed
license upon receipt of the application no later than
7 days - CORRECT ANSWERS✅✅Inactive licensees must notify the Commission of any
change in name or address within
To activate an inactive license - CORRECT ANSWERS✅✅must complete 6 hours of CE
for every year the licensee was inactive, up to a total of 30 hours.
If a license has been expired in excess of 3 years - CORRECT ANSWERS✅✅the
reactivation requirement will be the same as a new applicant.
, to reactivate an expired license - CORRECT ANSWERS✅✅submit a renewal application,
pay the appropriate fee, and satisfy continuing education and any other requirements
On or about July 15th - CORRECT ANSWERS✅✅the Commission sends licensees notice
to renew licenses for the upcoming year.
in a specific topic identified by the Commission - CORRECT ANSWERS✅✅At least one
hour of the 6-hour requirement will be
the first partial year, nor the following full year of licensure - CORRECT
ANSWERS✅✅New licensees are not required to complete the CE requirement in:
At least one hour of the 6-hour requirement - CORRECT ANSWERS✅✅will be in a
specific topic identified by the Commission (courses may not be taken twice to meet the
requirement)
courses exempt from SBPCE approval are: - CORRECT ANSWERS✅✅Courses offered by
Realtor Associations or affiliated councils.
Courses approved by the Commission.
3+-hour real estate-related courses offered by universities or colleges.
new salesperson requirement: - CORRECT ANSWERS✅✅complete 18-hour AREC Post-
license course w/in one year following the end of the month of the date of the issuance of the
initial license
new broker requirement - CORRECT ANSWERS✅✅complete 30-hour broker course w/in
1 year following the end of the month of the date of the issuance of the initial license. if the
broker had completed the SP's post-license course w/in 3 yrs prior to date of licensure, need
only take an additional 12-hour course
no more than 30 days - CORRECT ANSWERS✅✅Commission may issue temporary
licenses pending issuance of the permanent license, valid for __
When a licensee leaves the employment of a principal broker he/she must - CORRECT
