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FINAL EXAM - ARKANSAS REAL ESTATE PRINCIPLES QUESTIONS WITH CORRECT ANSWERS!!
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8

January 2026

2025/2026

A+
2.5 (One point = 1% of loan $75,000 x .01 = $750 $1,875 ÷ 750 = 2.5) - ANSWERA $75,000 mortgage loan requires a discount of $1,875 to be paid by the seller. How many points is this equivalent to? Satisfaction of Mortgage - ANSWERClaire has just made the final payment to her lender for her home's mortgage. However, a lien on her property will remain until the lender records The Appraiser Licensing and Certification Board - ANSWERIn Arkansas, appraisers are regulated by In Severalty -...
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