Arkansas License Law
A licensee who places earnest money in their personal bank account is guilty of:
APuffing
BCommingling✓ Correct
CSteering
DConversion
Explanation
Depositing client trust funds (earnest money) into a personal bank account is commingling — mixing client funds with personal funds. It is a serious violation that can result in license suspension or revocation.
Related Arkansas Arkansas License Law Questions
- Under Arkansas license law, when must a broker present an offer to their seller-client?
- Who is primarily responsible for the actions of all affiliated licensees operating within a real estate firm in Arkansas?
- An Arkansas real estate salesperson may receive a commission or compensation from whom?
- What is the minimum pre-licensing education requirement for an Arkansas salesperson applicant?
- If a consumer files a complaint against an Arkansas licensee, AREC will first:
- Which of the following individuals is EXEMPT from Arkansas real estate licensing requirements?
- Which of the following best describes an 'inactive' real estate license in Arkansas?
- How many hours of continuing education (CE) are required for Arkansas license renewal, and what topic must be included?
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →