Arkansas Real Estate License Arkansas Real Estate License License Law and Disclosures Questions and Answers 3

Question 1

What is the continuing education requirement for Arkansas real estate license renewal?

Accepted Answer

6 hours annually

Answer

12 hours annually

Answer

7 hours every two years

Answer

18 hours every three years

Question 2

Under Arkansas law, which of the following situations would require a property condition disclosure form?

Accepted Answer

Sale of a previously occupied single-family home

Answer

Sale of newly constructed property never occupied

Answer

A court-ordered foreclosure sale

Answer

Transfer between co-owners

Question 3

A real estate licensee in Arkansas discovers that a listed property was the site of a methamphetamine lab. What is the licensee's disclosure obligation?

Accepted Answer

The licensee must disclose this fact to prospective buyers

Answer

No disclosure is required under Arkansas law

Answer

Disclosure is only required if the buyer asks

Answer

Only the seller is obligated to disclose

Question 4

How long is an Arkansas real estate license valid before it must be renewed?

Accepted Answer

One year

Answer

Two years

Answer

Three years

Answer

Five years

Question 5

Which of the following actions could result in suspension or revocation of an Arkansas real estate license?

Accepted Answer

Commingling client funds with personal funds

Answer

Failing to attend an open house

Answer

Advertising a property below market value

Answer

Refusing to list a property

Question 6

Under the Arkansas Real Estate License Law, which of the following is exempt from licensing requirements?

Accepted Answer

An owner selling their own property without an agent

Answer

A person who regularly negotiates sales for others for a fee

Answer

A property manager collecting rent for multiple owners

Answer

An unlicensed assistant who shows properties independently