Arkansas Real Estate Practice Exam

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What penalty may be imposed on a licensee or Supervising Broker for performing activities with an expired license?

  1. $100 each

  2. $150 each

  3. $200 each

  4. $250 each

The correct answer is: $250 each

If a licensee or Supervising Broker performs any activities with an expired license, a penalty of $250 may be imposed. Options A, B, and C are incorrect because they state lesser amounts, which may not serve as sufficient deterrents against performing activities with an expired license. A higher amount is needed to discourage individuals from engaging in this risky behavior, hence why Option D is the correct response.

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