OpenExamsFREE PRACTICE — ANY EXAM

Arkansas Unified Real Estate Broker Examination — Information & Free Practice

US-AR · Examination information

127 free questions · Answer explanations · No signup required

Start free practice →

Arkansas Unified Real Estate Broker Examination

Provider
Pearson VUE
Format
Computer-delivered multiple-choice comprehensive written examination
Exam questions
120 scored items and 10 unscored pretest items
Passing score
70 scaled score
Exam fee
$75
Examination outline
  • I. Duties and Authority of the Real Estate Commission (4%)
    • A. General powers
    • B. Examination of records
    • C. Investigations
    • D. Disciplinary authority
    • E. Recovery Fund
  • II. Arkansas Statutory Requirements Governing Licensure (10%)
    • A. Activities requiring a license and exemptions
    • B. Eligibility and requirements for licensing
    • C. Change in license status
    • C. Change in license status — 1. Active/inactive
    • C. Change in license status — 2. Transfer
    • C. Change in license status — 3. Terminations
    • D. Renewals
    • D. Renewals — 1. Continuing education
    • E. Change in information and required notifications
    • E. Change in information and required notifications — 1. Name
    • E. Change in information and required notifications — 2. Address
    • E. Change in information and required notifications — 3. Criminal offenses
  • III. Other Arkansas Statutory Requirements Governing Real Estate (6%)
    • A. Reporting violations
    • B. Membership in trade organization
    • C. Timeshare
    • D. Auctions
    • D. Auctions — 1. Nature of auction
    • D. Auctions — 2. Written auction agreements
    • D. Auctions — 3. Advertisement
    • D. Auctions — 4. Internet auctions and absentee bids
    • D. Auctions — 5. Prohibited acts
    • D. Auctions — 6. Maintenance of records
  • IV. Federal Laws Governing Real Estate Activities (10%)
    • A. Federal loan programs
    • B. Business practices
    • B. Business practices — 1. RESPA
    • B. Business practices — 2. TILA
    • B. Business practices — 3. TRID
    • C. Sherman Anti-trust Act
    • D. Anti-discrimination/fair housing
    • D. Anti-discrimination/fair housing — 1. Fair housing
    • E. Americans with Disabilities Act
    • F. Environmental conditions laws and disclosures
    • F. Environmental conditions laws and disclosures — 1. Lead-based paint
    • F. Environmental conditions laws and disclosures — 2. CERCLA
    • F. Environmental conditions laws and disclosures — 3. Asbestos
    • F. Environmental conditions laws and disclosures — 4. Wetlands and flood plains
    • F. Environmental conditions laws and disclosures — 5. Mold
    • F. Environmental conditions laws and disclosures — 6. Radon
    • F. Environmental conditions laws and disclosures — 7. Protected species
  • V. Broker Operations and Responsibilities (18%)
    • A. Broker supervision
    • A. Broker supervision — 1. Broker supervision
    • A. Broker supervision — 2. Executive brokers
    • A. Broker supervision — 3. Part-time brokers
    • A. Broker supervision — 4. Failure to supervise
    • A. Broker supervision — 5. Independent dealing
    • A. Broker supervision — 6. Self dealing
    • B. Office management
    • B. Office management — 1. Unlicensed staff
    • B. Office management — 2. Policies and procedures
    • B. Office management — 3. Employer/employee relationships, including restrictions
    • B. Office management — 4. Employee vs. independent contractor
    • B. Office management — 5. Employee/licensee record keeping
    • B. Office management — 6. Training
    • C. Trust funds
    • C. Trust funds — 1. Handling of funds
    • C. Trust funds — 2. Trust accounts
    • C. Trust funds — 3. Commingling
    • C. Trust funds — 4. Disbursement of trust funds
    • D. Record keeping
    • D. Record keeping — 1. Transaction documents
    • D. Record keeping — 2. Financial records
    • E. Business organization
    • E. Business organization — 1. Forms of business
    • E. Business organization — 2. Firm name approval
    • E. Business organization — 3. Place of business
    • E. Business organization — 3. Place of business — a. Signage
    • E. Business organization — 3. Place of business — b. Display of license
    • F. Business practices
    • F. Business practices — 1. Ethics
    • F. Business practices — 2. Implied duty of good faith
    • F. Business practices — 3. Due diligence
    • F. Business practices — 4. Third-party service providers
    • G. Advertising
    • H. Compensation
  • VI. Client and Customer Relationships and Agency Disclosures (12%)
    • A. Agency
    • A. Agency — 1. Sub agency
    • A. Agency — 2. Single agency
    • A. Agency — 3. Seller’s agent
    • A. Agency — 4. Buyer’s agent
    • A. Agency — 5. Dual agency
    • B. Required and waivable duties
    • C. Agency disclosures
    • D. Agency agreements
    • D. Agency agreements — 1. Requirements
    • D. Agency agreements — 2. Expirations
    • E. Misrepresentation of agency
    • F. Offers
    • G. Promoting best interests of the client
  • VII. Real Property Characteristics, Legal Descriptions, Condition and Inspection (10%)
    • A. Elements of real property
    • B. Forms of ownership
    • C. Land description
    • C. Land description — 1. Legal descriptions
    • C. Land description — 2. Surveys
    • C. Land description — 3. Easements
    • C. Land description — 4. Encroachments
    • D. Land use control
    • D. Land use control — 1. Zoning
    • D. Land use control — 2. Eminent domain
    • E. Knowledge of property
    • F. Material disclosures
    • G. Liability considerations
    • H. Transfer of property-title transfer
    • H. Transfer of property-title transfer — 1. Deeds
    • H. Transfer of property-title transfer — 2. Liens
    • H. Transfer of property-title transfer — 3. Title insurance
  • VIII. Property Valuation and the Appraisal Process (5%)
    • A. Elements of value
    • B. Approaches to property pricing and valuation
    • B. Approaches to property pricing and valuation — 1. Appraisal
    • B. Approaches to property pricing and valuation — 2. BPO
    • B. Approaches to property pricing and valuation — 3. CMA
    • C. Taxes
  • IX. Contracts, Financing and Settlement (15%)
    • A. Contract elements
    • B. Types of contracts
    • C. Agreements to be written
    • D. Agency contracts
    • E. Sales contracts
    • E. Sales contracts — 1. Terminology
    • E. Sales contracts — 2. Procedures
    • E. Sales contracts — 3. Standard components
    • E. Sales contracts — 4. Contingencies and misc. provisions
    • E. Sales contracts — 5. Contractual rights and obligations
    • E. Sales contracts — 6. Disputes and dispute resolution
    • F. Unauthorized practice of law
    • G. Statute of frauds
    • H. Offers
    • I. Commission agreements
    • J. Financing
    • J. Financing — 1. Financing instruments
    • J. Financing — 2. Financing sources
    • J. Financing — 3. Types of loans
    • J. Financing — 4. Financing clauses
    • J. Financing — 5. Lending issues
    • K. Lender requirements
    • K. Lender requirements — 1. Private Mortgage Insurance (PMI)
    • K. Lender requirements — 2. FHA, VA, and conventional loan requirements
    • K. Lender requirements — 3. Property insurance (hazard, flood, homeowners)
    • K. Lender requirements — 4. Title insurance
    • K. Lender requirements — 5. Appraisal
    • L. Settlement and settlement calculations
    • M. Foreclosure
  • X. Property Management (10%)
    • A. Types and components of leases
    • B. Business practices
    • B. Business practices — 1. Property management agreements
    • B. Business practices — 2. Record keeping
    • B. Business practices — 3. Trust accounts
    • B. Business practices — 4. Trust funds
    • B. Business practices — 5. Security deposits
    • C. Lessor and lessee rights
    • D. Agent-owned properties
    • E. Disclosures
Examination sources

Related license preparation

This examination may be required or accepted as an alternative, depending on the license and application pathway.