Arkansas License Law
A written brokerage agreement is REQUIRED in Arkansas when a broker represents:
AOnly the seller in a transaction
BA buyer seeking to purchase real property✓ Correct
CA landlord in a commercial lease
DAll parties regardless of representation type
Explanation
Arkansas requires a written brokerage agreement when a licensee represents a buyer. Buyer representation must be memorialized in a written agreement before the licensee acts on the buyer's behalf.
Related Arkansas Arkansas License Law Questions
- The period during which a prospective buyer is entitled to review disclosures before a binding obligation to purchase under RESPA for certain transactions is:
- If a licensee's Arkansas real estate license expires and they continue to practice real estate, they are subject to:
- An Arkansas broker who wants to operate as a sole proprietor must hold which license type?
- A licensed Arkansas salesperson wishing to become a broker must first:
- Which of the following advertising rules applies to Arkansas real estate licensees?
- An Arkansas real estate license must be renewed every:
- In Arkansas, which of the following is a ground for AREC to revoke a real estate license?
- An Arkansas licensee who wishes to place their license on inactive status must notify whom?
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →