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A farmer owns the W 120f the NW 14 of the NW 14 of a section. The adoining property can be purchased for $2,300 per acre. Owning all of the NW 14 of the section would cost the farmer $322,000 What must a home inspector do to comply with the requirements of the Arkansas Home hspector Registration Bo...
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Add to cartA farmer owns the W 120f the NW 14 of the NW 14 of a section. The adoining property can be purchased for $2,300 per acre. Owning all of the NW 14 of the section would cost the farmer $322,000 What must a home inspector do to comply with the requirements of the Arkansas Home hspector Registration Bo...
A title insurance policy protects against title defects A) which have been cleared by a quiet title suit. B) that occurred before closing. C) found after closing. D) no matter when they are discovered. C) found after closing. The title commitment would list any defects found before closing and wou...
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Add to cartA title insurance policy protects against title defects A) which have been cleared by a quiet title suit. B) that occurred before closing. C) found after closing. D) no matter when they are discovered. C) found after closing. The title commitment would list any defects found before closing and wou...
Arkansas Real Estate Commission is made up how many members? 5 members Who appoints AREC members? Governor How long do AREC members serve? 3 years How many staff members implement commission's responsibilities and decisions? 15 staff members What are the AREC member qualifications? -Three must ...
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Add to cartArkansas Real Estate Commission is made up how many members? 5 members Who appoints AREC members? Governor How long do AREC members serve? 3 years How many staff members implement commission's responsibilities and decisions? 15 staff members What are the AREC member qualifications? -Three must ...
The members of the Arkansas Real Estate Commission are: a. Elected b. Hired by the Commission's executive director c. Selected by the Legislature d. Appointed by the GovernorD The term of an Arkansas Real Estate Commissioner is: a. determined by the Governor b. two years c. three years d. ...
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Add to cartThe members of the Arkansas Real Estate Commission are: a. Elected b. Hired by the Commission's executive director c. Selected by the Legislature d. Appointed by the GovernorD The term of an Arkansas Real Estate Commissioner is: a. determined by the Governor b. two years c. three years d. ...
What is the purpose of the Arkansas real estate license law to protect the public interest in the real estate marketplace through the regulation of real estate brokers and salespersons. The legal basis for the license law is derived from the State's police powers The license law is contained in w...
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Add to cartWhat is the purpose of the Arkansas real estate license law to protect the public interest in the real estate marketplace through the regulation of real estate brokers and salespersons. The legal basis for the license law is derived from the State's police powers The license law is contained in w...
The members of the Arkansas Real Estate Commission are: a. Elected. b. Hired by the Commission's executive director. c. Appointed by the Governor. d. Selected by the Legislature. c. Appointed by the Governor. The term of an Arkansas Real Estate Commissioner is: a. determined by the Governor. b. tw...
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Add to cartThe members of the Arkansas Real Estate Commission are: a. Elected. b. Hired by the Commission's executive director. c. Appointed by the Governor. d. Selected by the Legislature. c. Appointed by the Governor. The term of an Arkansas Real Estate Commissioner is: a. determined by the Governor. b. tw...
Maximum amount due for a filing fee of a time share interval project $1,000 Time share annual renewal fee $500 A timeshare developer found guilty of a timeshare law in fraction can be fined up to imprisoned for how long $5000 and one year Real estate sales person's license expire when December 3...
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Add to cartMaximum amount due for a filing fee of a time share interval project $1,000 Time share annual renewal fee $500 A timeshare developer found guilty of a timeshare law in fraction can be fined up to imprisoned for how long $5000 and one year Real estate sales person's license expire when December 3...
Maximum amount due for a filing fee of a time share interval project $1,000 Time share annual renewal fee $500 A timeshare developer found guilty of a timeshare law in fraction can be fined up to imprisoned for how long $5000 and one year Real estate sales person's license expire when December 3...
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Add to cartMaximum amount due for a filing fee of a time share interval project $1,000 Time share annual renewal fee $500 A timeshare developer found guilty of a timeshare law in fraction can be fined up to imprisoned for how long $5000 and one year Real estate sales person's license expire when December 3...
The memhbers of the AREC are Appointed by the governor of the state of Arkansas Who investigates and disciplines real estate licensees who have violated real estate licensing laws and regulations? The AREC(ARKANSAS REAL ESTATE COMMISSION if THE arec finds AN UNLICENSED INDIVIDUAL HAS BEEN LISTING ...
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Add to cartThe memhbers of the AREC are Appointed by the governor of the state of Arkansas Who investigates and disciplines real estate licensees who have violated real estate licensing laws and regulations? The AREC(ARKANSAS REAL ESTATE COMMISSION if THE arec finds AN UNLICENSED INDIVIDUAL HAS BEEN LISTING ...
Principal broker an individual who performs certain real estate services for another party for compensation. Ultimately responsible for the company's activities, notably the activities of other licensees as well as the business's trust accounts. Real estate duties not requiring license delivery o...
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Add to cartPrincipal broker an individual who performs certain real estate services for another party for compensation. Ultimately responsible for the company's activities, notably the activities of other licensees as well as the business's trust accounts. Real estate duties not requiring license delivery o...
The members of the Arkansas Real Estate Commission are designated by a. the Arkansas Association of REALTORS™. b. public election estate licensees by election d. governor d. governor All funds received by a broker in connection with an accepted contract on behalf of his principal must be deposit...
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Add to cartThe members of the Arkansas Real Estate Commission are designated by a. the Arkansas Association of REALTORS™. b. public election estate licensees by election d. governor d. governor All funds received by a broker in connection with an accepted contract on behalf of his principal must be deposit...
Equatible A buyer makes an offer on a seller's house, and the seller accepts. Both parties sign the sales contract. At this point, the buyer has what type of title to the property? Who is ultimately responsible for a salesperson's mistakes in writing a sales contract? The salesperson's principal...
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Add to cartEquatible A buyer makes an offer on a seller's house, and the seller accepts. Both parties sign the sales contract. At this point, the buyer has what type of title to the property? Who is ultimately responsible for a salesperson's mistakes in writing a sales contract? The salesperson's principal...
When are Meeting of the Commission held and where? The Monday following the second Tuesday of the month at the office unless otherwise specified. What is required to appear before the Commission? Notify in 15 days before date in writing, file with the director, nature and purpose, clear and concise...
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Add to cartWhen are Meeting of the Commission held and where? The Monday following the second Tuesday of the month at the office unless otherwise specified. What is required to appear before the Commission? Notify in 15 days before date in writing, file with the director, nature and purpose, clear and concise...
Homeowner Dean owns the Northwestern 1/2 of the Northwestern 1/2 of the Northeastern 1/4 of the southwestern 1/4 of the south western 1/4 of section 31. how many acres is that property? A. 5 acres B. 10 acres C. 80 acres D. 2.5 acres 2 x 2 x 4 x 4 x 4= 256 640/256= 2.5 D. 2.5 acres Seller Gareth ...
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Add to cartHomeowner Dean owns the Northwestern 1/2 of the Northwestern 1/2 of the Northeastern 1/4 of the southwestern 1/4 of the south western 1/4 of section 31. how many acres is that property? A. 5 acres B. 10 acres C. 80 acres D. 2.5 acres 2 x 2 x 4 x 4 x 4= 256 640/256= 2.5 D. 2.5 acres Seller Gareth ...
A.A.I.D. - Steps of Advertising This acronym describes the process of grabbing attention through advertising. Attention - ad must grab people's attention Action - ad must inspire action Interest - ad must lead to greater interest beyond initial attention Desire - ad must appeal to the audience...
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Add to cartA.A.I.D. - Steps of Advertising This acronym describes the process of grabbing attention through advertising. Attention - ad must grab people's attention Action - ad must inspire action Interest - ad must lead to greater interest beyond initial attention Desire - ad must appeal to the audience...
In a timely manner A licensee is representing the seller solely in a real estate transaction. When must the agent disclose his or her agency relationship to the prospective buyer? At first contact A licensee is representing the buyer solely in a real estate transaction. When must the agent disclose...
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Add to cartIn a timely manner A licensee is representing the seller solely in a real estate transaction. When must the agent disclose his or her agency relationship to the prospective buyer? At first contact A licensee is representing the buyer solely in a real estate transaction. When must the agent disclose...
A real estate office may not be located where? a. the salesperson's home b. a real estate school c. an office building d. a mobile homeA. A Salesperson cannot have a firm - Principal Broker only. All of the locations listed are acceptable Which one of the following is not a $30 fee? a. application...
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Add to cartA real estate office may not be located where? a. the salesperson's home b. a real estate school c. an office building d. a mobile homeA. A Salesperson cannot have a firm - Principal Broker only. All of the locations listed are acceptable Which one of the following is not a $30 fee? a. application...
A property management agreement is a written contract between theowner and property manager The answer is owner and property manager. A property management agreement is a written contract between the owner and the property manager. How are members of the Arkansas Real Estate Commission's board se...
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Add to cartA property management agreement is a written contract between theowner and property manager The answer is owner and property manager. A property management agreement is a written contract between the owner and the property manager. How are members of the Arkansas Real Estate Commission's board se...
What is the purpose of license law? To protect the public, safety, and welfare. Can an associate broker have supervisory authority? No Does an executive broker have to be under supervision? Yes To who made an executive broker exercise supervision over? Executive brokers and sales persons To part...
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Add to cartWhat is the purpose of license law? To protect the public, safety, and welfare. Can an associate broker have supervisory authority? No Does an executive broker have to be under supervision? Yes To who made an executive broker exercise supervision over? Executive brokers and sales persons To part...
Introduction to the Real Estate Business Broker An intermediary between a buyer and seller in a highly organized market. Sales Associate A person who performs real estate activities while employed by a licensed real estate broker. Associate Licensee A licensed real estate salesperson who is emplo...
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Add to cartIntroduction to the Real Estate Business Broker An intermediary between a buyer and seller in a highly organized market. Sales Associate A person who performs real estate activities while employed by a licensed real estate broker. Associate Licensee A licensed real estate salesperson who is emplo...
Gina works for a brokerage in Little Rock, and a lender asks her to provide a professional opinion on how much a local property is worth. Once she conducts her research and provides her estimate, what term is she allowed to use to describe her findings? Broker price opinion In Arkansas, _____ are d...
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Add to cartGina works for a brokerage in Little Rock, and a lender asks her to provide a professional opinion on how much a local property is worth. Once she conducts her research and provides her estimate, what term is she allowed to use to describe her findings? Broker price opinion In Arkansas, _____ are d...
Commission meetings: Can be called by a majority Meetings of the commission are held: At the commission's office An appearance before the commission: Is mandatory if subpoenaed All agendas of the commission are: Allotted approximate time intervals Salaries of the employees of the commission are...
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Add to cartCommission meetings: Can be called by a majority Meetings of the commission are held: At the commission's office An appearance before the commission: Is mandatory if subpoenaed All agendas of the commission are: Allotted approximate time intervals Salaries of the employees of the commission are...
Brokerage The business of bringing people together in Real Estate transaction Broker A person or company licensed to buy, sell, exchange, or lease real property Appraisal Process of developing opinion of a property market value based on established methods and the professional judgment Property M...
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Add to cartBrokerage The business of bringing people together in Real Estate transaction Broker A person or company licensed to buy, sell, exchange, or lease real property Appraisal Process of developing opinion of a property market value based on established methods and the professional judgment Property M...
AREC members 5 total and are appointed by govener 3 have been licensed in arkansas for 5 years 2 never been in real estate to represent consumer, 1 over 60 3 year term starting jan1 executive director of AREC delegates all duties authority and powers except rule making and adjudicative powers a...
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Add to cartAREC members 5 total and are appointed by govener 3 have been licensed in arkansas for 5 years 2 never been in real estate to represent consumer, 1 over 60 3 year term starting jan1 executive director of AREC delegates all duties authority and powers except rule making and adjudicative powers a...
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