Arkansas Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Ace your Arkansas Real Estate Exam with ease! Dive into comprehensive practice tests, detailed explanations, and helpful flashcards. Prepare and succeed with Examzify today!

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is required for the disbursement of trust funds upon the rejection or withdrawal at the closing of a transaction?

  1. A written request from the buyer or seller

  2. An official closing statement

  3. Securing a written agreement signed by all parties interested in the trust funds

  4. No special requirements if at transaction closing

The correct answer is: Securing a written agreement signed by all parties interested in the trust funds

In order to disburse trust funds upon the rejection or withdrawal of a transaction at closing, a written agreement signed by all parties involved is required. This ensures that all parties are in agreement about the disbursement and protects against any potential disputes. Options A and B alone do not provide enough assurance that all parties are in agreement, while option D is incorrect as there are special requirements in this scenario.

More Questions Like This