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Question 1
What must licensees do upon knowledge of a possible violation of Real Estate Law or Commission regulations?
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.
Question 2
Unless otherwise indicated, what does the broker price opinion assume?
Correct Answer:
A fee simple title ownership interest without any resolution of minerals or otherwise
Explanation:
The broker price opinion is an estimate of the property's value based on the assumption that the property comes with fee simple title ownership interest without any resolution of minerals or otherwise. This means that all mineral rights are included and there are no outstanding legal issues regarding the property's ownership. Option A is incorrect because the broker price opinion does not assume anything about the property being leased. Option C and D are also incorrect because they pertain to other forms of ownership, which are not considered in a broker price opinion.
Question 3
What is required to appear before the Commission?
Correct Answer:
Notify in 15 days before the date in writing
Explanation:
Providing written notification in advance is necessary to appear before the Commission. This ensures that the Commission is properly prepared and can effectively address and respond to any concerns or issues presented by the individual or group appearing before them. Options B, C, and D do not provide the same level of formal notification and may not give the Commission enough time to adequately prepare. For example, sending an email 24 hours before the meeting may not give the Commission enough time to review the information or make necessary arrangements. Additionally, submitting an online form may not provide the same level of formality and may not guarantee that the Commission will receive the information in a timely manner. Ultimately, written notification in advance is the most efficient and respectful way to appear before the Commission.
Question 4
What can a tenant's refusal to sign a lease agreement result in?
Correct Answer:
Does not constitute noncompliance by the property manager.
Explanation:
When a tenant refuses to sign a lease agreement, it does not necessarily constitute noncompliance by the property manager. Noncompliance refers to a failure to follow the terms and conditions outlined in a lease agreement, which can result in penalties or eviction. However, since the tenant's refusal to sign the agreement is not a direct violation of any terms, it is not considered noncompliance by the property manager. The option of "immediate eviction" (A) is incorrect because a tenant's refusal to sign a lease agreement does not automatically lead to their eviction. "A fine to the tenant" (D) is also incorrect as there is no evidence to suggest that a fine would be imposed solely based on a refusal to sign. Additionally, option (B) is incorrect because it implies that the property manager is at fault for the tenant's refusal, which may not be the case. Therefore, the best answer is (C) as it accurately states that a tenant's refusal to sign does not necessarily constitute noncompliance by the property manager.
Question 5
What are the responsibilities of the executive broker?
Correct Answer:
To sign offer and acceptance forms, supervise licensees, and keep them informed of law and regulation changes
Explanation:
The executive broker has a range of responsibilities, including signing offer and acceptance forms, supervising licensees, and keeping them informed of changes in laws and regulations. Option A is incorrect because financial management is just one aspect of the executive broker's role and duties. Option B is incorrect because managing property listings is one of the responsibilities of all licensees, not just the executive broker. Option D is incorrect because handling human resource tasks is typically the responsibility of a designated human resources manager or team, rather than the executive broker.
Question 1
Exam overview

About this Exam

The Arkansas Real Estate Practice Exam is an essential preparatory tool for aspiring real estate professionals aiming to secure licensure in the Natural State. It is designed specifically for individuals who have completed their required pre-license education and are ready to simulate the actual exam experience before their official testing date. This resource allows candidates for both salesperson and broker licenses to assess their knowledge, identify critical areas for improvement, and build the confidence necessary to pass the Arkansas Real Estate Commission's licensure examination on the first attempt.

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Additional Information

What the Course Entails and Exam Details

In Arkansas, to sit for the licensure exam, individuals must first complete 60 hours of required pre-license real estate education from an approved school. The curriculum covered in these courses, and subsequently mirrored on the practice and actual exams, encompasses a wide range of critical topics. These include fundamental real estate principles, property ownership concepts, land use controls and regulations, and valuation and market analysis. Furthermore, significant focus is placed on financing, agency relationships, property disclosures, contracts, and transfer of title. Critically, a substantial portion of the material is dedicated to Arkansas-specific laws, license regulation, and ethical practices.


What to Expect in the Final Exam

The official Arkansas licensure examination is a computer-based, multiple-choice assessment administered by Pearson VUE. The examination consists of two primary components: a national portion covering general real estate content and a state-specific portion focusing on Arkansas laws and regulations. For the salesperson exam, candidates must achieve a scaled score of at least 70 to pass each portion. The broker exam requires a minimum scaled score of 75 on each portion. Generally, candidates are allotted approximately 150 minutes for the national portion and 90 minutes for the state-specific section.


How to Study and Exam Centers

Effective preparation for the Arkansas real estate exam involves a mixture of content review and practical application. Active recall techniques, such as flashcards for vocabulary, are highly effective for memorizing key legal and real estate terms. Candidates should extensively utilize practice exams, specifically seeking those modeled after the Pearson VUE format, to familiarize themselves with the question style and manage time constraints. Focus heavily on mastering definitions, ethical scenarios, and the Arkansas-specific regulations provided in your pre-license course.

The official licensure examination is taken in person at authorized Pearson VUE testing centers. These centers are located in major cities throughout Arkansas, including Little Rock, Fayetteville, Fort Smith, and others. Candidates must schedule their examination appointment in advance through the Pearson VUE website after receiving eligibility confirmation from the Arkansas Real Estate Commission.


Job Opportunities from the Course

Obtaining your real estate license in Arkansas unlocks a dynamic range of career paths within the property sector. Graduating from your pre-license course and passing the state exam provides access to several professional roles:

  • Licensed Real Estate Salesperson

  • Real Estate Broker (after fulfilling additional experience and education requirements)

  • Property Manager

  • Commercial Real Estate Agent

  • Real Estate Investment Analyst

  • Leasing Consultant

  • Appraisal Trainee (requires additional certification but license helps)

  • Transaction Coordinator

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