Arkansas Real Estate Practice Exam

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What must not be contained in a broker price opinion or market analysis according to Ark. Code Ann. § 17-42-110(d)?

The terms 'market value', 'appraised value', or 'appraisal'
The broker's commission rate
A list of potential buyers
Estimated repair costs for the property

The correct answer is: The terms 'market value', 'appraised value', or 'appraisal'

A broker price opinion or market analysis should not contain the terms "market value", "appraised value", or "appraisal" because these terms may suggest that the document is an appraisal, which could be misleading to the reader. The broker's commission rate, a list of potential buyers, and estimated repair costs for the property are all irrelevant information that should not be included in a broker price opinion or market analysis. These items may not accurately reflect the current market value of the property and could potentially influence the reader's understanding of the document. It is important for the broker price opinion or market analysis to be unbiased and free from any potential conflicts of interest. Therefore, the correct answer is A.