Arkansas Real Estate Practice Exam Questions With 100% Correct
Answer
| Verified
1. A salesperson paid an hourly wage and expected to be B. Employee
in the office from 8am until 2pm to answer phones is
probably a(n):
A. Independent contractor
B. Employee
C. Contract agent
D. Associate broker
2. A division of a community along geographic lines
for purposes of listing homes for sale by two B. Legal
salespeople working for the same broker is:
A. Market allocation in violation of antitrust laws
B. Legal
C. A tie-in agreement
D. An in-house boycott that is illegal
3. Broker Bob will not give any referrals to Broker
Jane because he believes she acts unethically.
He tells no one about this. He... C. Is violating no antitrust
law
A. Is violating the antitrust law regarding group
boy- cotting.
B. Is entitled to his opinion but needs to have
checked with is local Board of Realtors first.
C. Is violating no antitrust law
D. Needs to refer business to her because he has
no proof of her behavior
4. Who sets the commission rate in a real estate
broker- age office?
D. The broker who
owns the business
1/
13
, Arkansas Real Estate Practice Exam Questions With 100% Correct
Answer
| Verified
A. The state real estate commission in each state
B. The local Board of Realtors
C. No mandatory rates are in effect, but rates
need to follow the published rate schedule.
D. The broker who owns the business.
B. Violated license law
5. Broker Helen allows her dentist to use her
vacation condominium for a week for free to
thank him for sending her a person who listed
a house with her.
A. Helen did nothing wrong
B. Violated license law
C. Violated the antitrust prohibition about tie-
arrange- ments
D.Should have checked with the state real estate
com- mission first
6. A property manager is employed by the XYZ Real A. Most likely does
Es- not
tate Investment Company to mange its properties. The need a real estate
license
manager...
A. Most likely does not need a real estate license
B. Most likely needs a real estate license
C. Does not need a real estate license if the
owner of the company has one
D. Needs a license only to collect the rents.
7. Property managers are usually B. General agents
considered...
A. special agents
B. general agents
2/
13
Answer
| Verified
1. A salesperson paid an hourly wage and expected to be B. Employee
in the office from 8am until 2pm to answer phones is
probably a(n):
A. Independent contractor
B. Employee
C. Contract agent
D. Associate broker
2. A division of a community along geographic lines
for purposes of listing homes for sale by two B. Legal
salespeople working for the same broker is:
A. Market allocation in violation of antitrust laws
B. Legal
C. A tie-in agreement
D. An in-house boycott that is illegal
3. Broker Bob will not give any referrals to Broker
Jane because he believes she acts unethically.
He tells no one about this. He... C. Is violating no antitrust
law
A. Is violating the antitrust law regarding group
boy- cotting.
B. Is entitled to his opinion but needs to have
checked with is local Board of Realtors first.
C. Is violating no antitrust law
D. Needs to refer business to her because he has
no proof of her behavior
4. Who sets the commission rate in a real estate
broker- age office?
D. The broker who
owns the business
1/
13
, Arkansas Real Estate Practice Exam Questions With 100% Correct
Answer
| Verified
A. The state real estate commission in each state
B. The local Board of Realtors
C. No mandatory rates are in effect, but rates
need to follow the published rate schedule.
D. The broker who owns the business.
B. Violated license law
5. Broker Helen allows her dentist to use her
vacation condominium for a week for free to
thank him for sending her a person who listed
a house with her.
A. Helen did nothing wrong
B. Violated license law
C. Violated the antitrust prohibition about tie-
arrange- ments
D.Should have checked with the state real estate
com- mission first
6. A property manager is employed by the XYZ Real A. Most likely does
Es- not
tate Investment Company to mange its properties. The need a real estate
license
manager...
A. Most likely does not need a real estate license
B. Most likely needs a real estate license
C. Does not need a real estate license if the
owner of the company has one
D. Needs a license only to collect the rents.
7. Property managers are usually B. General agents
considered...
A. special agents
B. general agents
2/
13
