Arkansas DRE Salesperson Exam - Latest Guide with Q & S 2024.
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Course
Real estate salesperson
Institution
Real Estate Salesperson
Arkansas DRE Salesperson Exam - Latest Guide with Q & S 2024.Arkansas DRE Salesperson Exam - Latest Guide with Q & S 2024.Arkansas DRE Salesperson Exam - Latest Guide with Q & S 2024.Arkansas DRE Salesperson Exam - Latest Guide with Q & S 2024.
,1. When considering land use controls and regulations, which of
the following is not typically a power held by local governments?
A) Zoning
B) Eminent domain
C) Environmental restrictions
D) Interest rate setting
Correct Answer: D
2. In the context of fiduciary duties, which duty requires the agent
to put the client's interests above their own?
A) Duty of care
B) Duty of loyalty
C) Duty of disclosure
D) Duty of obedience
Correct Answer: B
3. Which appraisal method estimates the value of a property by
comparing it to similar properties with known sale prices?
A) Cost approach
B) Income approach
, C) Sales comparison approach
D) Investment method
Correct Answer: C
4. What type of financing involves a new mortgage that includes
both the unpaid principal balance of the first mortgage and
additional amounts?
A) Package mortgage
B) Blanket mortgage
C) Wraparound mortgage
D) Open-end mortgage
Correct Answer: C
5. The legal act of transferring property from one party to another
is called:
A) Conveyance
B) Assignment
C) Encumbrance
D) Alienation
Correct Answer: A
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