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!

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 issue and preparation of a broker price opinion?

A BPO license
A master's degree in real estate
Submission of the report to a public database
A licensee and association with a Principal Broker or Design Executive Broker

The correct answer is: A licensee and association with a Principal Broker or Design Executive Broker

A BPO license is not typically required for the preparation of a broker price opinion. A master's degree in real estate is not required either as it is not directly related to the preparation of a broker price opinion. Submission of the report to a public database is not necessary for the issuance and preparation of a broker price opinion. A licensee being associated with a Principal Broker or Design Executive Broker is required for the preparation of a broker price opinion. This ensures that the opinion is backed by a professional who is knowledgeable and experienced in the real estate market.