Arkansas Real Estate Practice Exam

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What is required for each entry of deposit or disbursement in managing multiple properties?

  1. A detailed expense report

  2. Identity of the property

  3. Separate accounts for each property

  4. Approval from the property owner

The correct answer is: Identity of the property

The identity of the property is required for each entry of deposit or disbursement in managing multiple properties. This is important because it allows for accurate tracking and allocation of funds to the correct property. Option A, a detailed expense report, may be helpful but is not the main requirement for each entry. Options C and D may also be necessary for managing multiple properties, but they are not specifically stated as a requirement for each entry.

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