Arkansas Real Estate Practice Exam 2025 - Free Real Estate Practice Questions and Study Guide

Question: 1 / 400

What should be done if the broker price opinion is to be used for a purpose not specifically allowed by law?

It should be ignored

Legal counsel should be consulted

If the broker price opinion is to be used for a purpose not specifically allowed by law, it is important to consult with legal counsel. This is because using the opinion for an unapproved purpose may have legal consequences. Ignoring the opinion (option A) is not a responsible solution and may lead to further issues. Using the opinion as a guide only (option C) may be helpful, but it is still important to seek legal advice. Discarding the opinion (option D) is unnecessary and may result in missing out on important information. Therefore, the best course of action is to consult with legal counsel (option B).

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It should be used as a guide only

The opinion should be discarded

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