Arkansas Real Estate Practice Exam

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Prepare for the Arkansas Real Estate Exam with our comprehensive quiz featuring multiple-choice questions and detailed explanations. Get ready to showcase your real estate knowledge and secure your license!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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How often must trust fund account reconciliations be conducted?

Weekly
Monthly
Quarterly
Annually

The correct answer is: Monthly

Trust fund account reconciliations must be conducted monthly in order to ensure accurate and up-to-date financial information. Conducting them on a more frequent basis, such as weekly, may be unnecessary and time-consuming. On the other hand, conducting them less frequently, such as quarterly or annually, may lead to errors and discrepancies going unnoticed for longer periods of time. Therefore, monthly reconciliations strike a balance between keeping financial data current and being efficient with resources.