What type of crime may lead to a licensee's real estate license being revoked?

Prepare for the AREC Arkansas Broker Exam. Study with flashcards and multiple choice questions, each question offers hints and explanations. Get ready for success!

Perjury is a serious offense that involves lying under oath. In the context of real estate, if a licensee is found guilty of perjury, it reflects a profound breach of ethical standards and undermines the trust that the public places in real estate professionals. Real estate transactions are often founded on the honesty and integrity of all parties involved, including agents and brokers. Therefore, committing perjury can directly undermine the integrity of the real estate profession and can lead to disciplinary actions, including the revocation of a real estate license. Such actions demonstrate a clear disregard for the principles of honesty and trustworthiness that are essential for maintaining the licensing requirements in the industry.

Other options in the question do not carry the same level of severity in terms of legal implications or professional ethics. Committing acts that involve honesty or trustworthiness might refer to behaviors that are unethical but may not necessarily constitute a crime, while returning earnest money within a reasonable amount of time generally adheres to proper business practices and is not inherently a crime that would warrant license revocation. Similarly, acting for more than one party is permissible as long as it is done with the informed consent of all parties involved, therefore not triggering revocation in most cases.

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