Arkansas Real Estate SALESPERSON & BROKER State License Examinations ExamFOCUS Study Notes & Review Questions

Book updated Nov. 2020. In Arkansas, it is the Real Estate Commission AREC's Licensing section which is responsible for "...reviewing applications of individuals who are applying to take the Arkansas real estate exam, issuing licenses to persons who enter the profession, annually renewing licenses issued to real estate brokers and salespersons, maintaining current license data and history for each licensee, and maintaining continuing education data for each licensee". Real Estate License Examinations, on the other hand, are developed and administered by Pearson VUE. Throughout the book we try to use the term "real estate agent" instead of being very specific since many of the real estate skills and knowledge actually apply to both salespersons and brokers (MOST EXAM TOPICS ARE HIGHLY SIMILAR IF NOT TOTALLY IDENTICAL). In fact, in many states the term agent and salesperson are often used interchangeably. A lot of topics are covered in the exams but we choose to focus on the legal and regulatory topics here. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible! TAX RATES AND FEES TEND TO CHANGE FREQUENTLY. THEREFORE YOU SHOULD CHECK WITH YOUR LOCAL AUTHORITIES FOR THE LATEST INFORMATION UPDATES.