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	True
B	False

Question 2

Does Arkansas allow Joint Tenancy or Tenancy by the entirety?

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

Question 3

What term means "going to the state?"

A	Taxation
B	Police Power
C	Escheat
D	Emminemt Domain

Question 3 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 4

How many continuing education hours are required?

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

Question 5

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 6

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

A	Lessee
B	Seller
C	Lessor
D	Buyer

Question 7

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	Convicted of a felony
C	Depositing his/her clients escrow money into a personal account.
D	Placing an ad claiming to be a broker when they are not.

Question 8

What is homestead protection?

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

Question 9

The Real Estate License Law is administered by:

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

Question 10

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 11

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

A	Colorado
B	New York
C	New Jersey
D	Florida

Question 12

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

A	The interest rate on the mortgage loan has been lowered by 1% for each point charged
B	The loan does not close and the buyer owes the lender for services rendered
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 13

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

A	Acknowledgement
B	Premises
C	Habendum
D	Novation

Question 14

Which is NOT necessary for a valid contract?

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

Question 15

Does Arkansas have Dower laws?

A	No
B	Yes

Question 16

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

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

Question 17

How often is continuing education due?

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

Question 18

How much is a Salesperson license?

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

Question 19

Is Arkansas a community property state?

A	Yes
B	No

Question 20

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

Question 21

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

A	20
B	21
C	18
D	19

Question 22

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

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

Question 23

Does Arkansas recognize Holographic wills?

A	No
B	Yes

Question 24

In Arkansas, standing trees would be considered as:

A	Emblements
B	Personal Property
C	Real Property
D	Chattels

Question 25

Does Arkansas have Homestead Laws?

A	Yes
B	No

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