Arkansas Real Estate Practice Exam

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If the overpayment is between $0.01 and $10.00, how does the Commission respond?

  1. Full refund

  2. No refund

  3. Refund with a $10 deduction

  4. Charge a processing fee

The correct answer is: No refund

The other options would not apply in this situation. A full refund would be unnecessary and a refund with a $10 deduction would result in the overpayment not being fully returned. Charging a processing fee would further decrease the amount of the refund. Therefore, the Commission would respond by providing a full refund.

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