Arkansas License Law
Under Arkansas law, a principal broker is responsible for:
AOnly their own real estate transactions
BThe real estate activities of all licensees affiliated with the brokerage✓ Correct
CSetting commission rates for all licensees in the state
DApproving all AREC disciplinary actions
Explanation
A principal broker bears supervisory responsibility for the real estate activities of all affiliated licensees operating under their license.
Related Arkansas Arkansas License Law Questions
- How many hours of pre-license education are required for an Arkansas broker applicant?
- AREC may place a licensee's license on probation as a disciplinary action. This means the licensee:
- A licensee who makes a material misrepresentation to a client is subject to:
- An Arkansas real estate licensee acting as a principal (buying property for themselves) must disclose:
- Which of the following must be included in every Arkansas real estate listing agreement?
- In Arkansas, which of the following is a ground for AREC to revoke a real estate license?
- Arkansas requires that a newly licensed salesperson complete which post-license education requirement?
- The practice of commingling refers to:
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