Arkansas Real Estate Practice Exam 2026 - Free Real Estate Practice Questions and Study Guide

Question: 1 / 400

What are broker responsibilities?

For their own transactions only

For business conducted by their firm and all real estate activities of those licensed under or associated with them

Brokers have a wide range of responsibilities. These include managing and supervising real estate transactions conducted by their firm and all activities of those licensed under or associated with them. This can involve handling client transactions, adhering to legal and ethical standards, and acting as a liaison between clients, real estate agents, and other professionals. Option A is incorrect because brokers are not just responsible for their own transactions but also for those of their firm and associates. Option C is incorrect because they are responsible for more than just financial transactions. Option D is incorrect because they are responsible for more than just marketing the firm.

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For overseeing financial transactions only

For marketing the firm only

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