Arkansas Real Estate Practice Exam

What may be presumed if there's a violation regarding market value restrictions?

1. A violation under international property law

2. A presumed violation of Ark. Code Ann. § 17-42-110(d)

3. Automatic dismissal of the property's listing

4. Instant financial sanctions against the property owner

The correct answer is: A presumed violation of Ark. Code Ann. § 17-42-110(d)

If there is a violation regarding market value restrictions, it is most likely referring to a specific law or regulation in a certain area. Option A, violation under international property law, is too broad and not specific enough to answer the question. Option C is also incorrect because a listing does not necessarily have to be dismissed just because there is a violation. Option D is incorrect because there must be a legal process involved before the owner can be sanctioned with financial penalties. Option B is the most appropriate as it is specific to the state and statute mentioned in the question and would be the most logical presumption in this situation.