Ace the Arkansas Real Estate Test 2025 – Unlock Your Property Pro Potential!

Question: 1 / 400

What can an owner do if there is no broker to take the place of a terminated broker?

Close the firm

Request the Commission allows the firm to continue operating

An owner of a firm can request the Commission to allow the firm to continue operating if there is no broker to take the place of a terminated broker. This option is best because it ensures that the firm is still able to conduct business while finding a new broker. Option A is incorrect because the firm does not have to close down just because a broker has been terminated. Option C is incorrect because it is illegal to operate a real estate firm without a broker. Option D is incorrect because the Commission must be notified of any changes in broker representation. This could result in penalties or fines for the firm if not done properly.

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Operate without a broker

Hire a temporary broker without notifying the Commission

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