Arkansas License Law
Under Arkansas license law, the term 'broker' specifically includes which of the following?
AA person who only provides property management services
BA person who for compensation negotiates real estate transactions on behalf of another✓ Correct
CA licensed appraiser performing valuations
DA home inspector certifying property condition
Explanation
Under Arkansas law, a 'broker' is defined as any person who, for another person and for compensation, sells, buys, exchanges, leases, rents, or negotiates real estate transactions. This requires licensure.
Related Arkansas Arkansas License Law Questions
- Under Arkansas law, which of the following persons does NOT need a real estate license?
- What is the minimum age requirement to obtain a real estate salesperson license in Arkansas?
- A written brokerage agreement is REQUIRED in Arkansas when a broker represents:
- Under Arkansas law, a principal broker is responsible for:
- An Arkansas real estate salesperson may receive a commission or compensation from whom?
- AREC's disciplinary hearing process most closely resembles:
- Which state agency is responsible for regulating real estate licensees in Arkansas?
- Which of the following is NOT a ground for disciplinary action by AREC?
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