Arkansas License Test Arkansas Real Estate License 4

Question 1

What is the maximum fine AREC can impose per violation on a licensed broker in Arkansas?

Accepted Answer

$2,500

Answer

AREC may impose administrative fines of up to $2,500 per violation in addition to other disciplinary actions such as suspension or revocation.

Question 2

Under Arkansas fair housing law, which of the following is NOT a protected class?

Accepted Answer

Occupation

Answer

Occupation is not a protected class under federal or Arkansas fair housing law; the seven federal protected classes include race, color, religion, sex, national origin, familial status, and disability.

Question 3

A seller tells their listing agent they will not sell to buyers of a specific religion. The agent should:

Accepted Answer

Refuse to carry out the discriminatory instruction and may withdraw from the listing

Answer

Fair housing law prohibits religious discrimination; the agent must refuse to comply and may terminate the listing agreement.

Question 4

In Arkansas, a real estate licensee who acts as an undisclosed dual agent is subject to:

Accepted Answer

Loss of commission and possible license revocation

Answer

Undisclosed dual agency is illegal in Arkansas; penalties can include loss of commission rights and disciplinary action up to license revocation.

Question 5

Which of the following best describes an 'exclusive right to sell' listing in Arkansas?

Accepted Answer

The listing broker earns a commission regardless of who procures the buyer

Answer

Under an exclusive right to sell listing, the broker receives a commission no matter who sells the property, including the seller themselves.

Arkansas License Test Practice Test

Arkansas License Test Practice Test

Arkansas License Test Arkansas Real Estate License 4