Arkansas License Law
A licensed Arkansas salesperson may collect a commission from:
AThe seller directly, after closing
BOnly their principal broker✓ Correct
CAny licensed broker involved in the transaction
DThe buyer's lender at settlement
Explanation
A salesperson in Arkansas may only receive compensation through their principal broker — they cannot be paid directly by clients or by other brokers.
Related Arkansas Arkansas License Law Questions
- An Arkansas real estate licensee convicted of a felony may have their license:
- The Arkansas Real Estate Recovery Fund has a minimum balance requirement. When the fund falls below the minimum, each broker must:
- Which statement best describes the Arkansas Real Estate Recovery Fund?
- The practice of commingling refers to:
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- Under Arkansas license law, the term 'broker' specifically includes which of the following?
- Which of the following actions by an Arkansas licensee would MOST likely result in license revocation?
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