Arkansas Real Estate Practice Exam 2025 – Comprehensive Prep Guide

Question: 1 / 400

What must be included in the maintenance of transaction records?

Only closing statements

Only agency contracts

Signed copies of various documents prepared in connection with the transaction

The maintenance of transaction records requires more than just closing statements (option A), which only provide a summary of the transaction but do not include all relevant details. Option B, agency contracts, should also be included since they outline the relationship and responsibilities between the parties involved in the transaction. Personal notes and emails (option D) may contain important information, but they should not be the only source of record keeping as they can easily be lost or deleted. Therefore, the most complete and accurate way to maintain transaction records is by having signed copies of various documents (option C) related to the transaction. These documents provide a comprehensive and reliable record of all important aspects of the transaction.

Get further explanation with Examzify DeepDiveBeta

Personal notes and emails regarding the transaction

Next Question

Report this question

Download Arkansas Real Estate Practice Exam 2025 – Comprehensive Prep Guide PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy