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Real Estate Salesperson Exam — National Portion

Agency (AR): practice questions

Our Real Estate (National) bank has 4 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Arkansas

When must a buyer's agent disclose the buyer agency relationship to the seller or the seller's agent?

  1. Before the earnest money is deposited
  2. Within 24 hours of a showing
  3. When the offer is accepted
  4. At the first contact with them
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D. At the first contact with them — AREC Rule 8.2(a)(1).

Question 2 · Arkansas

What does AREC require before a licensee acts as a dual agent?

  1. Approval from the Commission
  2. Verbal consent from the seller, later confirmed at closing
  3. Written consent of all parties by the time the contract is signed
  4. A separate dual-agency fee paid to the firm
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C. Written consent of all parties by the time the contract is signed — AREC Rule 8.3(a).

Question 3 · Arkansas

A seller's property is already under contract. Under Ark. Code Ann. 17-42-317, the seller's agent:

  1. Must stop accepting any further offers
  2. Must continue active marketing until closing
  3. Must still present new offers but need not seek more unless asked
  4. May show it only with a buyer's agent present
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C. Must still present new offers but need not seek more unless asked — Ark. Code Ann. 17-42-317(a)(1)(B), (a)(2).

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