Arkansas Real Estate License FREE Arkansas Real Estate License AREC Licensing and Regulations Questions and Answers 2 — Questions and Answers
Question 1: What is the minimum age requirement to obtain a real estate salesperson license in Arkansas?
- 18 years old (Correct answer)
- 19 years old
- 21 years old
- 16 years old
Correct answer: 18 years old
Arkansas requires applicants for a salesperson license to be at least 18 years of age.
Question 2: How many hours of pre-license education must a salesperson candidate complete in Arkansas?
- 60 hours (Correct answer)
- 90 hours
- 45 hours
- 120 hours
Correct answer: 60 hours
The Arkansas Real Estate Commission requires 60 hours of approved pre-license education for salesperson candidates.
Question 3: Which entity is responsible for enforcing real estate license law in Arkansas?
- Arkansas Real Estate Commission (AREC) (Correct answer)
- Arkansas Department of Finance
- Arkansas Secretary of State
- Arkansas Attorney General
Correct answer: Arkansas Real Estate Commission (AREC)
The Arkansas Real Estate Commission (AREC) is the regulatory body that administers and enforces real estate license law in the state.
Question 4: What happens to a real estate license in Arkansas if the licensee fails to complete continuing education by the renewal deadline?
- The license is placed on inactive status (Correct answer)
- The license is permanently revoked
- The licensee receives a warning letter only
- The license automatically renews with a late fee
Correct answer: The license is placed on inactive status
Failure to complete required continuing education by the renewal deadline results in the license being placed on inactive status.
Question 5: How often must an Arkansas real estate salesperson renew their license?
- Annually (Correct answer)
- Every two years
- Every three years
- Every five years
Correct answer: Annually
Arkansas real estate salesperson licenses must be renewed on an annual basis.
Question 6: Under AREC regulations, which of the following activities requires a real estate license in Arkansas?
- Negotiating a lease on behalf of another person for compensation (Correct answer)
- Managing your own rental property
- Selling your own home without an agent
- Providing a referral to a friend without compensation
Correct answer: Negotiating a lease on behalf of another person for compensation
Negotiating a lease on behalf of another person for compensation constitutes real estate activity requiring a license under AREC regulations.
Arkansas Real Estate License FREE Arkansas Real Estate License AREC Licensing and Regulations Questions and Answers 2
What is the minimum age requirement to obtain a real estate salesperson license in Arkansas?