Arkansas License Law
Which of the following is NOT a ground for disciplinary action by AREC?
ACommingling client funds with personal funds
BFailing to disclose a material defect known to the licensee
CCharging a commission rate below the market average✓ Correct
DMaking a substantial misrepresentation
Explanation
Commission rates are freely negotiated; charging below market rate is not a disciplinary offense. Commingling, non-disclosure of material defects, and misrepresentation are all grounds for discipline.
Related Arkansas Arkansas License Law Questions
- AREC has the authority to take which of the following actions against a licensee found guilty of misrepresentation?
- Arkansas has a Real Estate Recovery Fund. What is its primary purpose?
- A licensed Arkansas salesperson who wishes to transfer to a new broker must:
- Which of the following is grounds for AREC to suspend or revoke a real estate license in Arkansas?
- A person who performs real estate activities in Arkansas without a license is subject to:
- An Arkansas broker's trust account must be maintained at:
- What is the minimum pre-licensing education requirement for an Arkansas salesperson applicant?
- Which of the following advertising practices is PROHIBITED under Arkansas 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 →