Arkansas License Law
After a judgment is paid from the Arkansas Real Estate Recovery Fund, what happens to the licensee?
AThe licensee is placed on probation for one year
BThe licensee's license is automatically suspended until the fund is repaid with interest✓ Correct
CThe licensee must complete 30 hours of remedial education
DAREC issues a public reprimand but no license action is taken
Explanation
When the Recovery Fund pays out on behalf of a licensee, that licensee's license is automatically suspended and remains suspended until the full amount paid — plus interest — is repaid to the fund.
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