Arkansas Real Estate Practice Exam

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What does an Executive Broker's responsibility include in a branch office?

Design interior of the office
Oversee all financial decisions
Responsible for any licensee
Manage advertising only

The correct answer is: Responsible for any licensee

An executive broker's responsibility in a branch office includes overseeing and managing all licensees within the office. This involves providing guidance and support, ensuring all licensees follow rules and regulations, and handling any disputes or issues that may arise. Options A, B, and D are incorrect because they do not fully encompass the breadth of an executive broker's responsibilities. While an executive broker may have some input on the office's design and may be involved in financial decision-making, these tasks are not their primary responsibilities. Additionally, an executive broker's role extends far beyond just managing advertising and involves overseeing all aspects of the branch office and its licensees.