Arkansas License Law
How does Arkansas define 'real estate' for licensing purposes?
AOnly single-family residential properties
BReal property including residential, commercial, industrial, and agricultural land and improvements✓ Correct
COnly improved (built-upon) properties
DOnly properties with assessed values above $50,000
Explanation
Arkansas's definition of 'real estate' for licensing purposes covers all types of real property: residential, commercial, industrial, agricultural, and vacant land. License law applies to brokerage activities involving any of these property types.
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