Arkansas Real Estate Practice Exam

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Who is considered an occupant in terms of property renting?

A person who rents a property on a nightly basis.
A person who rents a property on a monthly basis.
A licensed principle broker.
A person selling the property.

The correct answer is: A person who rents a property on a nightly basis.

An occupant in terms of property renting refers to a person who temporarily resides in a rented property for a specific period of time. This often includes individuals who are renting on a nightly or monthly basis, such as short-term renters or tenants. Option C, a licensed principle broker, would not typically be considered an occupant as they are responsible for managing the property on behalf of the owner. Option D, a person selling the property, is not considered an occupant as they do not have a temporary residency status in the property. Therefore, option A is the most accurate answer.