Arkansas License Law
The primary purpose of the Arkansas Real Estate Commission is to:
APromote the interests of real estate brokers and agents
BProtect the public in real estate transactions✓ Correct
CSet minimum and maximum property listing prices
DAdminister the state property tax system
Explanation
AREC's statutory mission is consumer protection — ensuring that real estate licensees are qualified and act in accordance with the law and ethical standards.
Related Arkansas Arkansas License Law Questions
- An Arkansas real estate license is personal and may NOT be:
- A licensed Arkansas salesperson may collect a commission from:
- Which of the following best describes an 'inactive' real estate license in Arkansas?
- Which state agency is responsible for regulating real estate licensees in Arkansas?
- The Arkansas Real Estate Commission is empowered to do all of the following EXCEPT:
- Which of the following CE topics is MANDATORY in every Arkansas renewal cycle?
- Earnest money received by an Arkansas licensee must be deposited into the trust account within:
- An Arkansas real estate license must be renewed every:
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