Arkansas Real Estate Practice Exam

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How is a former licensee regarded if they fail to apply for renewal of an expired license?

As having a suspended license
As an original applicant
As a delinquent applicant
As a non-compliant licensee

The correct answer is: As an original applicant

A A former licensee is considered to have a suspended license if their license was valid at some point but is no longer valid due to some violation or failure to renew. C: A former licensee would be considered delinquent if they failed to renew their license in a timely manner. D: If a former licensee fails to renew their license and continues to conduct business, they would be considered non-compliant as they are operating without a valid license. Choosing option B is the correct answer as a former licensee is someone who had a license at some point but is no longer licensed, and would need to reapply as an original applicant if they wanted to obtain a license again. The other options do not accurately describe the status of a former licensee.