Arkansas Real Estate Practice Exam

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What information is crucial in managing nightly rentals?

The names of all potential tenants.
The exact rental fees for each month.
Each occupant must be identified including the dates of occupancy and amounts paid.
The property manager’s preferred booking platforms.

The correct answer is: Each occupant must be identified including the dates of occupancy and amounts paid.

This is because managing nightly rentals requires keeping track of who is occupying the property and for how long. It also involves tracking how much each occupant has paid. Knowing the names of potential tenants (A) is not as important because they are not guaranteed to be renting the property. The exact rental fees for each month (B) are also not crucial as they may vary or change. While knowing the property manager's preferred booking platforms (D) may be helpful, it is not as essential as tracking occupant information.