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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What information is required on a tenant's ledger for each unit?

Tenant's name, legal description, or unique identifier
Number of occupants, pets, and lease term
Monthly rent amount and security deposit value
Tenant's employment information and references

The correct answer is: Tenant's name, legal description, or unique identifier

The other options are incorrect because they refer to either general tenant information, such as number of occupants and pets, or supplementary information, such as employment and references. While these types of information may also be important to keep track of, they are not specifically required for each unit on a tenant's ledger. The only essential details that must be recorded for each unit are the tenant's name, legal description, or unique identifier, as this information is necessary for proper documentation and record-keeping.