100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
ARKANSAS STATE LAW EXAM COSMETOLOGY EXAM LATEST 2024 ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+$20.99
Add to cart
ARKANSAS STATE LAW EXAM COSMETOLOGY EXAM
LATEST 2024 ACTUAL EXAM 200 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+
What's the purpose of license law? - answer-To regulate the practice of real estate brokers &
io io io io io io io io io io io io io io io
salespersons in order to protect the public health, safety, & welfare. Only individuals who meet and
io io io io io io io io io io io io io io io io
maintain the minimum standards of competence & conduct may provide service to the public.
io io io io io io io io io io io io io io
Can an "Associate broker" have supervisory authority? - answer-No, they are supervised by PB or
io io io io io io io io io io io io io io
executive broker.
io io
Does an executive broker have to be under supervision? - answer-Yes, by PB
io io io io io io io io io io io io
Who may executive broker have supervision over? - answer-Associate brokers & salespersons
io io io io io io io io io io io
To participate in a real estate auction, must the auctioneer and ringman both hold a real estate license?
io io io io io io io io io io io io io io io io io
- answer-Yes
io
Define "Principal Broker" - answer-Individual expecting to act or act for another for a fee, commission,
io io io io io io io io io io io io io io io
or other consideration.
io io io
What is a person called working under the Power of Attorney? - answer-Attorney in fact
io io io io io io io io io io io io io io
Can a person working under an official power of attorney receive a fee for selling the person's property
io io io io io io io io io io io io io io io io io
whom they are representing? - answer-No
io io io io io io
What is the limitation of an attorney at law performing real estate activities without a license? - answer-
io io io io io io io io io io io io io io io io io
Performing his or her duties as an attorney at law.
io io io io io io io io io io
For exemption, does a resident manager have to actually live on the property? - answer-Yes
io io io io io io io io io io io io io io
,Can an officer or employee of a federal agency or state government, or any political subdivision buy or
io io io io io io io io io io io io io io io io io
sell property? - answer-Yes, as long as it's in the performance or conduct of their official duties.
io io io io io io io io io io io io io io io io io
Do MLS employees have to have a RE license? - answer-not if they're wholly owned by a nonprofit
io io io io io io io io io io io io io io io io io
organization or association of real estate licenses.
io io io io io io io
What could a person be charged with for operating without a real estate license when such is required?
io io io io io io io io io io io io io io io io io
- answer-Class D felony
io io io
Who would prosecute a violator for operating without a license? - answer-Prosecuting attorney for each
io io io io io io io io io io io io io io
county
io
In what court would an action for operating without a license be brought? - answer-Circuit court in any
io io io io io io io io io io io io io io io io io
county where it happened
io io io io
Can a salesperson, executive broker, or associative broker sue the public for compensation? - answer-
io io io io io io io io io io io io io io
No, unless action is against Principal broker with whom he/she is licensed with.
io io io io io io io io io io io io io
In which real estate transaction must an agent disclose to the parties whom they are representing?
io io io io io io io io io io io io io io io
- answer-Every one
io io io
How many members make up AREC? - answer-5
io io io io io io io
Who appoints the commissioners? - answer-Governor
io io io io io
What is the length of the term for Real Estate commissioners? - answer-3 years
io io io io io io io io io io io io io
3/5 of commissioners must have held a real estate license for a minimum of: - answer-5 years
io io io io io io io io io io io io io io io io
The governor fills vacancies from a list of 4 nominees submitted by whom? - answer-Arkansas Realtors
io io io io io io io io io io io io io io io
Association
io
, To whom do the two non-industry people on the commission represent? - answer-one represents
io io io io io io io io io io io io io
consumers, one represents the elderly (60+)
io io io io io io
What is the limitation of the two non-industry representatives on the Commission? - answer-- both shall
io io io io io io io io io io io io io io io
be appointed from stage at large, subject to confirmation by the senate
io io io io io io io io io io io io
- 2 positions can't be held by the same person
io io io io io io io io
- both shall be full voting members, but can't participate in the grading of exams
io io io io io io io io io io io io io
Who is employed to put into effect the rules and regulations of the Commission? - answer-Executive
io io io io io io io io io io io io io io io
director
io
May the Commission implement rules and regulations to carry out the intent of the law? - answer-yes
io io io io io io io io io io io io io io io io
What is the limitation of the Commission conducting and paying for a real estate seminar? - answer-
io io io io io io io io io io io io io io io io
Can the Commission make a charge for materials provided by the Commission? - answer-Yes, reasonable
io io io io io io io io io io io io io io
charges
io
Does the commission have the right to establish procedures for real estate auctions? - answer-Yes
io io io io io io io io io io io io io io
What two licensing agencies must an auctioneer comply with when conducting real estate auctions?
io io io io io io io io io io io io io
- answer-1. AREC
io io io
2. Auctioneer's Licensing Board
io io io
Does Commission have power to issue subpoenas? - answer-Yes
io io io io io io io io
What is the subpoena called that requires books, writing, or documents to be produced? - answer-
io io io io io io io io io io io io io io io
Subpoena duces tecum
io io io
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Wisdoms. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $20.99. You're not tied to anything after your purchase.