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!

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What must a terminated Broker with no ownership do?

  1. Pay a fine

  2. Notify the Commission in writing

  3. Take extended leave

  4. Transfer to another office

The correct answer is: Notify the Commission in writing

If a Broker is terminated and has no ownership, they must notify the Commission in writing. Paying a fine would only be necessary if the Broker had violated any laws or regulations. Taking extended leave or transferring to another office would not be appropriate if the Broker no longer works at the company. These options would only apply if the Broker was still employed and wanted to temporarily step away from their duties or transfer to a different location within the company.

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