Arkansas Real Estate Practice Exam

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Prepare for the Arkansas Real Estate Exam with comprehensive quizzes featuring multiple-choice questions and detailed explanations. Boost your confidence and knowledge, ensuring you're ready to tackle the licensing exam successfully!

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What must separate files for real estate transactions include?

Only the final sale agreement
At least one listing contract
Signed copies of pertinent documents like listing contracts, offers, etc.
Vague notes about the transaction

The correct answer is: Signed copies of pertinent documents like listing contracts, offers, etc.

The other options are incorrect because A only includes the final sale agreement, which is not enough documentation for a complete real estate transaction. B states "at least one" listing contract, but it is important to have all relevant and signed documents in a real estate transaction. D is a vague and incomplete option, as vague notes are not enough to accurately document the details and actions taken in a real estate transaction. Overall, option C is the best answer because it includes specific and important documents that are necessary for a complete and accurate record of the real estate transaction.