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Arkansas Real Estate Salesperson Examination — Arkansas Law Portion — Information & Free Practice

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Arkansas Real Estate Salesperson Examination — Arkansas Law Portion

Provider
Pearson VUE
Format
Computer-based written examination
Exam questions
30 scored items and 10 unscored pretest items
Passing score
70 scaled score
Exam fee
$75 for the state exam; scheduling both salesperson exams at the same time costs $75 total
Examination outline
  • I. DUTIES AND POWERS OF THE REAL ESTATE COMMISSION (4 ITEMS)
    • A. General powers
    • B. Examination of records
    • C. Investigations, hearings, and appeals
    • D. License suspension, revocation, and other sanctions, monetary penalties
    • E. Recovery Fund
  • II. LICENSING REQUIREMENTS (2 ITEMS)
    • A. Activities requiring a license and exemptions
    • B. Types of licenses
    • C. Eligibility and requirements for licensing
    • D. License renewal
    • E. Change in license status or assignment
    • F. Change in licensee information; name and address(es)
    • G. Place of business requirements
  • III. STATUTORY REQUIREMENTS GOVERNING THE ACTIVITIES OF LICENSEES (14 ITEMS)
    • A. Dealing independently of principal broker
    • B. Expiration date for agency contracts
    • C. Broker responsibilities; executive brokers; part-time brokers
    • D. Advertising
    • E. Knowledge of property
    • F. Handling of funds; maintenance of records
    • G. Trust funds; trust accounts
    • H. Disbursement of trust funds
    • I. Agreements to be written
    • J. Self dealing
    • K. Sales contract
    • L. Agency agreements; signage
    • M. Broker price opinions
    • N. Property management
  • IV. OTHER STATUTORY REQUIREMENTS (2 ITEMS)
    • A. Membership in trade organization
    • B. Reporting violations
    • C. Criminal convictions and disciplinary actions
    • D. Violation of law or regulations
    • E. Time-shares
  • V. AGENCY RELATIONSHIPS AND DISCLOSURES (8 ITEMS)
    • A. Seller or lessor agents
    • B. Buyer or lessee agents
    • C. Dual agency and consent
    • D. Failure to disclose agency representation
    • E. Fidelity and honest dealing
    • F. Required and waivable duties
Examination sources