Arkansas License Law
Arkansas license law requires that a written disclosure of agency relationships be provided to a consumer:
AOnly at closing
BBefore or at the time of the first substantive contact✓ Correct
COnly when the consumer signs a listing agreement
DOnly if the consumer specifically requests it
Explanation
Arkansas law requires licensees to disclose their agency relationships in writing before or at the time of the first substantive contact with a prospective buyer or seller.
People Also Study
Related Arkansas Questions
- Under Arkansas law, when must agency disclosure be provided to a prospective buyer or seller?Agency
- The written agency disclosure required by Arkansas law must be provided to:Agency
- The agency disclosure form in Arkansas must be provided to a prospective buyer or seller:Agency
- AREC requires agency disclosure in Arkansas to be made to prospective buyers and sellers. The primary purpose of agency disclosure is to:Agency
- Arkansas license law requires a licensee to provide an agency disclosure. When does this obligation arise?Arkansas License Law
- A broker who fails to renew their license on time in Arkansas may:Arkansas License Law
- Under Arkansas law, when must a licensee provide an agency disclosure to a prospective buyer or seller?Arkansas License Law
- The Arkansas Property Disclosure Act requires sellers of residential property to disclose:Arkansas License Law
Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
ProrationThe division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
State-Specific Concepts
License Law
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →