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 is required of a principal broker if a licensee deals independently of them?

Pay a fine
Notify the Commission in writing and forward the licensee's license
Take a corrective course
Nothing, it's the licensee's responsibility

The correct answer is: Notify the Commission in writing and forward the licensee's license

If a licensee conducts business independently without the supervision of a principal broker, the principal broker is required to notify the Commission in writing and forward the licensee's license. This is necessary to ensure accountability and to maintain accurate records of who is responsible for the licensee's actions. Option A is incorrect because paying a fine is not a necessary action in this situation. Option C is also incorrect because taking a corrective course is not the responsibility of the principal broker in this scenario. Option D is incorrect because while the licensee is ultimately responsible for their own actions, the principal broker still has a responsibility to the Commission to monitor and supervise the licensee.