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

A violation under international property law
A presumed violation of Ark. Code Ann. § 17-42-110(d)
Automatic dismissal of the property's listing
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.