Arkansas Real Estate Practice Exam 2025 – Comprehensive Prep Guide

Question: 1 / 400

What does a property management owner's ledger document?

Only the property's expenses.

The personal information of the tenant.

All monies received and disbursed for each property management agreement.

A property management owner's ledger is a financial document that tracks all monetary transactions related to a property management agreement. This includes both income from property management fees and any expenses incurred on behalf of the property, such as repairs and maintenance. Option A is incorrect because it only includes expenses and not income. Option B is incorrect because it only includes personal information and not financial transactions. Option D is incorrect because it only includes income from fees and not expenses. The correct answer, C, includes all monies received and disbursed for each property management agreement, providing a comprehensive overview of the finances for the property.

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Only the income from property management fees.

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