Arkansas Real Estate Exam Practice Questions (2025)

Arkansas's real estate salesperson exam has 130 questions: 80 national and 50 state-specific. You need 70% (91/130) to pass. Here are practice questions from both sections.

National Section Questions

Q1: A property with an annual NOI of $45,000 sells for $600,000. What is the cap rate? - Cap Rate = NOI ÷ Value = $45,000 ÷ $600,000 = 7.5%

Q2: Which of the following is NOT an essential element of a valid real estate contract? A) Consideration B) Legal capacity C) An attorney's signature D) Offer and acceptance

Answer: C — Attorneys are not required parties to a valid real estate contract. The essential elements are: offer/acceptance, consideration, legal capacity, legal purpose, and in writing.

Q3: Under the Fair Housing Act, a landlord who refuses to rent to a woman because she is pregnant is violating which protected class? A) Sex only B) Familial status only C) Both sex and familial status D) Neither — pregnancy is not protected

Answer: C — Pregnancy triggers both sex discrimination (per HUD) and familial status protection (covering pregnant women).

Arkansas-Specific Section Questions

Q4: The Arkansas Real Estate Commission (AREC) is composed of: A) 5 members B) 6 members C) 7 members D) 9 members

Answer: C — Arkansas's AREC has 7 members: 5 licensed real estate brokers, 1 licensed salesperson, and 1 consumer member.

Q5: Arkansas real estate license law is found in: A) Arkansas Code Title 17, Chapter 42 B) Arkansas Code Title 18 (Property) C) Arkansas Code Title 23 (Insurance and Banking) D) Arkansas Real Estate Practices Act

Answer: A — Arkansas's Real Estate License Law is in Arkansas Code Annotated Title 17, Chapter 42.

Q6: Arkansas requires salesperson applicants to complete how many hours of prelicense education? A) 30 hours B) 60 hours C) 90 hours D) 45 hours prelicense plus 15 hours post-license

Answer: B — Arkansas requires 60 hours of prelicense education for salesperson applicants.

Q7: In Arkansas, how long must a broker retain transaction records? A) 2 years B) 3 years C) 5 years D) 7 years

Answer: C — Arkansas brokers must keep transaction records for 5 years.

Q8: Arkansas's seller's disclosure requirement applies to: A) All real property B) Residential properties of 5 or more units C) Residential properties of 1-4 units (excluding new construction sold by builder) D) Commercial properties only

Answer: C — Arkansas's Residential Property Disclosure Act requires disclosure for 1-4 unit residential properties. New construction sold by a builder has some exemptions.

Q9: In Arkansas, a salesperson who receives earnest money must deliver it to the sponsoring broker: A) Within 24 hours B) By the end of the next business day C) Within 3 business days D) At the time of contract signing

Answer: B — The salesperson must deliver earnest money to the broker by the end of the next business day.

Q10: Arkansas real estate licenses are renewed: A) Annually B) Every 2 years C) Every 3 years D) Every 4 years

Answer: B — Arkansas real estate licenses renew every 2 years.

Key Arkansas Topics

• AREC: 7 members (5 brokers + 1 salesperson + 1 consumer)
• Title 17, Chapter 42: Arkansas license law
• 60-hour prelicense: Required for salesperson
• 5-year record retention: Broker records
• Residential Property Disclosure Act: 1-4 unit residential

[Practice Arkansas questions at CARealestate.com/states/arkansas](https://carealestate.com/states/arkansas)