Arkansas Real Estate Practice Exam

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What happens to a licensee who violates the Arkansas Real Estate License Law?

There are no specific consequences
They receive a warning letter
Subject to sanctions under Section 17 of Act 690 of 1993
Mandatory resignation from their position

The correct answer is: Subject to sanctions under Section 17 of Act 690 of 1993

If a licensee violates the Arkansas Real Estate License Law, they are subject to sanctions under Section 17 of Act 690 of 1993. This may include disciplinary action, fines, or suspension or revocation of their license. Option A is incorrect because there are indeed consequences for violating the law. Option B is incorrect because a warning letter may be the first step in the disciplinary process, but it is not the only consequence. Option D is incorrect because while a licensee may be forced to give up their license, it is not a mandatory resignation from their position.