Arkansas Real Estate Practice Exam

When do licenses expire?

1. Dec 31

2. End of the licensing year

3. July 1

4. June 30

The correct answer is: Dec 31

When answering this question about when licenses expire, it's important to understand that each licensing year may differ from organization to organization. Therefore, answers B, C, and D specify a specific time for when licenses expire, which may not always be accurate. Option A, on the other hand, provides a general date that applies to most licenses, making it the most suitable and accurate answer.