Arkansas Real Estate Exam Prep

AR Salesperson Practice Exam

Our Arkansas Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Arkansas’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

You will receive the following with our real estate practice exams:

Instant Access
Risk Free Pass Guarantee
90-Day Access to Our Testing Materials
Quality Customer Support
Updated for 2018 Regulations

Give Me Access to Arkansas Real Estate Exam Prep

90 Day Money Back Guarantee On Our Real Estate Exam Prep

Instant Results

Instant results on each question so you know your strength's and weaknesses!

Instant Results
Works on Any Device
Easy to Use

How Our System Works



Get Access to Real Estate Prep Guide	Study and Improve on Your Weak Areas	Pass Your Exam!

Get Access to Real Estate Prep Guide

Study and Improve on Your Weak Areas

Pass Your Exam!

Arkansas License Requirements

Salesperson applicants must have reached the age of majority, eighteen (18):
Successfully complete sixty (60) classroom hours of real estate education of which thirty (30) classroom hours must be in the basic principles of real estate, from an accredited postsecondary school or a school or organization licensed by the Arkansas State Board of Private Career Education and Commission Regulation;
Pass the licensure examination; and send the proper forms and fees to the Arkansas Real Estate Commission no later than ninety (90) days after passing the examination.

For more information on state requirements click here.

Arkansas Sample Practice Real Estate Exam Questions and Answers

Arkansas State Section

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Click on the button below to "Start" your practice exam now. Leaving the page and or closing the browser now or at any moment during the exam will reset your answers. You can always go back and retake any practice test. You can also go over your answers at any moment during the practice test by clicking "List" and picking one of the questions that interests you.

Start

Congratulations - you have completed Arkansas State Section. You scored %%SCORE%% out of %%TOTAL%%. Your performance has been rated as %%RATING%%

Your answers are highlighted below.

Question 1

Which of the following is required for an Arkansas applicant to obtain a Real Estate License?

A	must sit and pass the exam
B	Must be 25 or older
C	Must have a bachelors degree
D	Must have lived in the state for more than 2 years

Question 2

In Arkansas, how soon can a broker receive a commission check after a closing?

A	Once the offer sheet is signed.
B	Once the Seller accepts the offer.
C	Once the transaction is completed and funded.
D	Once the buyer moves in.

Question 3

To obtain an Arkansas Real Estate License, you must be at least:

A	18
B	21
C	20
D	19

Question 4

Mortgage "discount" points only apply if which of the following conditions are met?

A	The loan does not close and the buyer owes the lender for services rendered
B	The interest rate on the mortgage loan has been lowered by 1% for each point charged
C	The interest rate on the mortgage loan has been lowered by 2% for each point charged
D	The seller has agreed to pay 1% of the closing costs

Question 5

What are holographic wills?

A	a standard boiler plate will.
B	a will and testament that has been entirely handwritten and signed by the testator.
C	a will that all family members agree on.
D	a will that displays in 3D

Question 6

In order to obtain an Arkansas Real Estate License, you must have a high-school diploma or equivalent?

A	False
B	True

Question 7

Does Arkansas allow Joint Tenancy or Tenancy by the entirety?

A	Neither
B	Tenancy by the entirety
C	Joint Tenancy
D	Both

Question 8

In Arkansas, who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Seller
B	Lessee
C	Lessor
D	Buyer

Question 9

How much is a Salesperson license?

A	$88
B	$76
C	$50
D	$104

Question 10

In Arkansas, which of the following is a landlord's option for a tenant not paying rent?

A	unlawful detainer action in court
B	Turn off the power.
C	Turn off the gas.
D	Lock the Tenant out.

Question 11

Does Arkansas have Dower laws?

A	Yes
B	No

Question 12

Which of following are NOT one of Arkansas's Reciprocity states?

A	Florida
B	Colorado
C	New Jersey
D	New York

Question 13

What is homestead protection?

A	Gradual subsidence of waters, leaving dry land
B	The estimated value that an asset will have at then end of it's useful life
C	Net cash remaining to investor after sale of investment property
D	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.

Question 14

Does Arkansas recognize Holographic wills?

A	No
B	Yes

Question 15

In what circumstances, if any, can a broker in Arkansas who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	Only when both buyer and seller give informed consent to this arrangement
B	Only when both buyer and seller have legal representation
C	None; the broker may only collect compensation from one party to a transaction
D	In most circumstances, except when the buyer and seller are related

Question 16

In Arkansas, standing trees would be considered as:

A	Real Property
B	Personal Property
C	Emblements
D	Chattels

Question 17

Does Arkansas have Homestead Laws?

A	No
B	Yes

Question 18

What term means "going to the state?"

A	Escheat
B	Taxation
C	Emminemt Domain
D	Police Power

Question 18 Explanation:

Escheat means that if someone dies and there is no one to inherit or no will the property will go to the state.

Question 19

The Real Estate License Law is administered by:

A	Department of State
B	Department of Real Estate
C	Arkansas Justice Department
D	Arkansas Real Estate Commission

Question 20

How often is continuing education due?

A	Every 3 years
B	Every year
C	Every 2 years
D	Every 4 years

Question 21

How many continuing education hours are required?

A	10 hours
B	12 hours
C	6 hours
D	15 hours

Question 22

Which of the following isn't part of a deed?

A	Novation
B	Habendum
C	Acknowledgement
D	Premises

Question 23

Which is NOT necessary for a valid contract?

A	Offer.
B	Acceptance.
C	Due Date.
D	Legal Object.

Question 24

Which of the following would NOT put a sales person in jeopardy of losing their license in Arkansas?

A	Being authorized to accept and excessive commission.
B	Placing an ad claiming to be a broker when they are not.
C	Depositing his/her clients escrow money into a personal account.
D	Convicted of a felony