What will the Real Estate Commission likely require if a check for license renewal is returned due to insufficient funds?

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

If a check for license renewal is returned due to insufficient funds, it is typical for the Real Estate Commission to request that either the licensee or the broker submits additional funds to cover the original check amount. This requirement ensures that the Commission receives the necessary fees for processing the license renewal, and by allowing the licensee or broker to provide additional funds, it facilitates the continuation of their license without significant penalties.

This approach is practical as it addresses the issue of insufficient funds while still holding the licensee accountable for the required renewal fee. The emphasis on an additional submission reinforces the importance of financial responsibility in maintaining a valid license within the real estate profession. The other options do not align with standard practices typically followed by regulatory bodies in such situations.

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