Arkansas Real Estate Practice Exam

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Who approves Firm Names within the commission?

The local government
The Director of the Commission
Commission approves all names
The state's Secretary of State

The correct answer is: Commission approves all names

All the options given are incorrect except for option C. Option A, the local government, does not have the authority to approve firm names within the commission. The commission has jurisdiction over firms operating within its areas of regulation. Option B, the Director of the Commission, typically handles the day-to-day operations of the commission, but would not have the power to approve firm names. Option D, the state's Secretary of State, is responsible for maintaining business records and registering business entities, but this does not include approving firm names within the commission. Therefore, option C, the commission approves all names, is the correct answer as it accurately reflects the process for approving firm names within the commission.