Which of the following items can be auctioned without a specialized license in Arkansas?

In Arkansas, the auction of real estate requires the auctioneer to have a valid auctioneer license, making this the correct choice. This is because real estate transactions are regulated more strictly than personal property auctions, and the state requires individuals conducting real estate auctions to meet specific licensing requirements to ensure professionalism and compliance with the law. Holding a valid auctioneer license helps safeguard both the auctioneer and the participants by ensuring that the auctioneer is knowledgeable about real estate laws, practices, and ethical considerations.

Other options do not align with the requirements set by Arkansas law. For instance, vehicles, even if they are not classic cars, typically require specific licenses depending on the context of the auction and the auctioneer's role. Personal property worth less than $500 could potentially be auctioned without specialized licensing, but this does not pertain to all items universally and may vary by regulation and context. Artwork requiring appraisal further complicates the situation, as appraisals typically involve professional qualifications that not all auctioneers may possess, thereby necessitating greater oversight and expertise.