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

Question: 1 / 400

How must cash receipts for property management be prepared?

Consecutively pre-numbered and in duplicate form

Cash receipts for property management must be prepared consecutively pre-numbered and in duplicate form for record-keeping purposes. Option B is incorrect because while electronic storage may be convenient, it does not provide a physical backup in case of technical issues or discrepancies. Option C is incorrect because handwritten receipts may be difficult to read and tenant signatures may not always be legible or consistent. Option D is incorrect because property management receipts do not typically require notarization. Therefore, the most accurate and efficient method is to have consecutively pre-numbered receipts in duplicate form for tracking and organizational purposes.

Get further explanation with Examzify DeepDiveBeta

In triplicate and electronically stored

Handwritten and signed by the tenant

Printed and notarized

Next Question

Report this question

Download Arkansas Real Estate Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy