Arkansas Real Estate Practice Exam

What is recommended when licensees handle agreements?

1. To document verbal acknowledgments

2. To obtain written acknowledgment from buyer or seller

3. To assume consent if no objections are raised

4. To avoid written records for flexibility

The correct answer is: To obtain written acknowledgment from buyer or seller

It is important for licensees to obtain written acknowledgment from buyer or seller when handling agreements in order to provide a clear and documented record of the agreement. Option A, documenting verbal acknowledgments, may not be as reliable and can lead to disputes if the agreement is not clearly documented. Option C, assuming consent if no objections are raised, is not a sufficient method as it is possible for misunderstandings or unexpressed concerns to arise. Option D, avoiding written records for flexibility, is not recommended as it leaves room for misinterpretation and can also be viewed as an attempt to avoid accountability. Overall, obtaining written acknowledgment provides a secure and reliable way to handle agreements.