Arkansas License Law
Who is primarily responsible for the actions of all affiliated licensees operating within a real estate firm in Arkansas?
AEach individual licensee
BThe Arkansas Real Estate Commission
CThe principal broker✓ Correct
DThe supervising salesperson
Explanation
The principal broker is legally responsible for the conduct and actions of all licensees affiliated with the firm, including salespersons and associate brokers.
Related Arkansas Arkansas License Law Questions
- A written brokerage agreement is REQUIRED in Arkansas when a broker represents:
- A licensee who makes a material misrepresentation to a client is subject to:
- A broker who wishes to operate as an independent broker in Arkansas (without being associated with another broker) must hold a:
- AREC's authority to regulate real estate practitioners derives from:
- When a salesperson's license is inactive in Arkansas, the licensee may:
- Under AREC rules, trust funds (escrow money) must be:
- Which of the following is NOT exempt from Arkansas real estate licensing requirements?
- AREC has the authority to take which of the following actions against a licensee found guilty of misrepresentation?
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