Which agency regulates real estate licensees in Arkansas?
Correct Answer
A) Arkansas Real Estate Commission (AREC)
The Arkansas Real Estate Commission (AREC) is the state agency responsible for licensing and regulating all real estate licensees in Arkansas under the Arkansas Real Estate License Law.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
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