Arkansas Real Estate Exam Prep

Get the Best Arkansas Salesperson Real Estate Prep Materials

Before you can become a licensed real estate agent in Arkansas, you must pass the state’s official real estate salesperson test. This is by no means a simple test. As noted by the Arkansas Real Estate Commission (AREC), you need a score of (70) to pass this exam. Nearly half of all applicants fail the test. Fortunately, you can pass on your very first attempt. With our real estate test guides, students pass official licensure exams more than 95 percent of the time. Our team has helped more than 50,000 students pass the real estate exam. We are proud to stand behind our testing materials: We offer a full-refund to any Arkansas student who uses our test prep guides and who does not pass the exam.

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Materials for 2018 Arkansas real estate regulations

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The Arkansas real estate salesperson examination tests applicants on a broad range of real estate-related knowledge. For many people, this test can be intimidating. Beyond the relatively high failure rate, real estate is a broad and challenging subject area. There is so much potential material that applicants must cover. This is where our well-prepared study guides and sample tests can really make the difference. Our team has put together carefully crafted study materials so that future Arkansas real estate agents can focus on the things that they truly need to know to pass this exam. Remember, we offer a full-money back guarantee. We are confident that you will pass the Arkansas real estate exam, but you will get a full-refund if you do not.

Arkansas License Requirements

To obtain a real estate salesperson license in Arkansas, an applicant must be able to satisfy the following eligibility criteria:

Salesperson applicants must be at least 18 years old
They must complete a minimum of 60 hours of real estate education, including at least 30 hours in the basic principles of real estate. Further, these class hours must be from an accredited school or certified organization
Applicants must pass the Arkansas real estate license exam.

Arkansas Sample Practice Real Estate Exam Questions and Answers

To help you better prepare for the Arkansas Real Estate exam, we have put together a free set of sample questions. To begin working on this free practice test, simply click the ‘Start’ button now. You can take this practice test as many times as you want. To review your answers, click the ‘List’ button. Please note: if you leave the page, your answers will be cleared.

Arkansas State Section

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Question 1

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

A	False
B	True

Question 2

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 2% for each point charged
C	The interest rate on the mortgage loan has been lowered by 1% for each point charged
D	The seller has agreed to pay 1% of the closing costs

Question 3

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

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

Question 4

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

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

Question 5

How many continuing education hours are required?

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

Question 6

Which is NOT necessary for a valid contract?

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

Question 7

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

A	21
B	18
C	19
D	20

Question 8

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

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

Question 9

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

A	New Jersey
B	Florida
C	New York
D	Colorado

Question 10

What is homestead protection?

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

Question 11

In Arkansas, standing trees would be considered as:

A	Personal Property
B	Real Property
C	Chattels
D	Emblements

Question 12

The Real Estate License Law is administered by:

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

Question 13

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

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

Question 14

What term means "going to the state?"

A	Escheat
B	Emminemt Domain
C	Police Power
D	Taxation

Question 14 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 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	In most circumstances, except when the buyer and seller are related
B	Only when both buyer and seller give informed consent to this arrangement
C	Only when both buyer and seller have legal representation
D	None; the broker may only collect compensation from one party to a transaction

Question 16

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

A	Novation
B	Premises
C	Acknowledgement
D	Habendum

Question 17

Does Arkansas allow Joint Tenancy or Tenancy by the entirety?

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

Question 18

What are holographic wills?

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

Question 19

Does Arkansas recognize Holographic wills?

A	No
B	Yes

Question 20

Does Arkansas have Homestead Laws?

A	Yes
B	No

Question 21

Is Arkansas a community property state?

A	No
B	Yes

Question 22

How much is a Salesperson license?

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

Question 23

Does Arkansas have Dower laws?

A	No
B	Yes

Question 24

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

A	Lessee
B	Buyer
C	Lessor
D	Seller

Question 25

How often is continuing education due?

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

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