Arkansas Real Estate Practice Exam

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Get ready to ace your Arkansas Real Estate Exam. Use our engaging quizzes with flashcards and multiple choice questions to enhance your study experience. Prepare effectively by testing your knowledge and understanding of Arkansas real estate laws and practices!

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How is a former licensee regarded if they fail to apply for renewal of an expired license?

As having a suspended license
As an original applicant
As a delinquent applicant
As a non-compliant licensee

The correct answer is: As an original applicant

A A former licensee is considered to have a suspended license if their license was valid at some point but is no longer valid due to some violation or failure to renew. C: A former licensee would be considered delinquent if they failed to renew their license in a timely manner. D: If a former licensee fails to renew their license and continues to conduct business, they would be considered non-compliant as they are operating without a valid license. Choosing option B is the correct answer as a former licensee is someone who had a license at some point but is no longer licensed, and would need to reapply as an original applicant if they wanted to obtain a license again. The other options do not accurately describe the status of a former licensee.