Arkansas Real Estate Practice Exam

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What must the Principle Broker maintain concerning the main place of business and sign?

An online presence
A permanently attached sign and visible to the public bearing the name, and the words Real Estate, Realty, Realtor, Realtist, or other words approved by the commission
An open-door policy for inspections
A business license displayed in the lobby

The correct answer is: A permanently attached sign and visible to the public bearing the name, and the words Real Estate, Realty, Realtor, Realtist, or other words approved by the commission

The Principle Broker must maintain a permanently attached sign visible to the public bearing the name, and the words Real Estate, Realty, Realtor, Realtist, or other words approved by the commission. This is necessary for identifying the main place of business and is required by the commission. Options A, C, and D are incorrect as they do not pertain to the main place of business and sign. Option A, an online presence, may be beneficial for marketing purposes, but it is not a requirement for maintaining the main place of business. Option C, an open-door policy for inspections, is not a requirement for the main place of business, but rather for showing properties. Option D, a business license displayed in the lobby, is important but does not pertain to the main place of business and sign specifically.