Arkansas Real Estate Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

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Question: 1 / 400

What is required for the issue and preparation of a broker price opinion?

A BPO license

A master's degree in real estate

Submission of the report to a public database

A licensee and association with a Principal Broker or Design Executive Broker

A BPO license is not typically required for the preparation of a broker price opinion. A master's degree in real estate is not required either as it is not directly related to the preparation of a broker price opinion. Submission of the report to a public database is not necessary for the issuance and preparation of a broker price opinion. A licensee being associated with a Principal Broker or Design Executive Broker is required for the preparation of a broker price opinion. This ensures that the opinion is backed by a professional who is knowledgeable and experienced in the real estate market.

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