Arkansas Real Estate Practice Exam

When do Applications for a broker's license expire?

1. 6 months after date of completion

2. 1 year after date of completion

3. 18 months after date of completion

4. 2 years after date of completion

The correct answer is: 1 year after date of completion

The expiration date for a broker's license is typically 1 year after the date of completion. This means that after 1 year has passed since the date the application was completed, the license will expire. Options A, C, and D are all incorrect. Option A is too short of a time period for a broker's license to expire, as brokers need a longer time frame to conduct business and establish themselves in the industry. Option C is also too short of a time frame, and would not provide enough time for brokers to complete any required coursework or meet any continuing education requirements. Option D is also incorrect because 2 years is longer than the typical expiration period for a broker's license.