Arkansas Real Estate Practice Exam

What must licensees do upon knowledge of a possible violation of Real Estate Law or Commission regulations?

Report in writing to the Commission Advise the party committing the violation to stop Record the violation for their own records Immediately terminate any business relations with the party

Correct Answer:

Report in writing to the Commission

Explanation:

Licensees must report any possible violation of Real Estate Law or Commission regulations in writing to the Commission. This is important because it ensures that the Commission is informed and can take appropriate action to address the violation. Other options, such as advising the party to stop or recording the violation for their own records, may not be sufficient and could potentially put the licensee at risk for not properly reporting the violation. Terminating business relations with the party may also not be enough to prevent further violations from occurring, so it is important to report the violation to the Commission.

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