Arkansas Real Estate Practice Exam

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What must a transfer application be accompanied by?

  1. A transfer fee

  2. A new license application

  3. Previous year's earnings report

  4. Broker's educational certificates

The correct answer is: A transfer fee

A transfer application must be accompanied by a transfer fee in order to complete the transfer process. A new license application is not necessary as the license is being transferred, not obtained for the first time. A previous year's earnings report is not relevant to a transfer application. Broker's educational certificates may be required for a license, but they are not necessary for a transfer application.

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