Arkansas Real Estate Practice Exam

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What are the reporting requirements for a licensee with a criminal conviction?

Report to the Commission within 30 days
Only report if the crime was real estate related
No need to report if found not guilty
Report to the local police department

The correct answer is: Report to the Commission within 30 days

After a licensee has been convicted of a crime, they must report this to the Commission within 30 days. This is a reporting requirement that must be followed. Option B is incorrect because the type of crime does not matter, as long as the licensee was convicted. Option C is also incorrect because even if the licensee was found not guilty, they must still report the conviction. Option D is not a valid reporting requirement for a licensee with a criminal conviction. Therefore, option A is the correct answer.