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Become A Real Estate Agent In Arkansas
Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Arkansas or anyone looking to become a real estate agent or realtor in Arkansas. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more.
The State of Arkansas Real Estate Commission (AREC)
with offices in Little Rock, Arkansas administers all aspects of the real estate
licensing industry. The main mission of the Commission is protecting the public
interest.
The requirements to become a real estate agent in Arkansas include being at least 18 years of age.
The Commission also requires a background check of all applicants to determine if they are trustworthy,
and each applicant is considered on a case-by-case basis.
Applicants for a real estate salesperson license in Arkansas need to successfully complete 60
classroom hours of approved pre-license real estate education. These classes may be from an accredited
postsecondary school or a private school authorized to teach them. After obtaining the required
real estate courses, the applicant must pass the state examination and pay the required fees.
You can find a listing of the prelicense Arkansas
real estate schools online. There are 14 schools offering these approved real
estate courses.
Those desiring to obtain a real estate broker license in Arkansas need to have actively
held a salesperson license for 24 months within the previous 48 month period. Also, 60 hours
of approved real estate prelicensure courses need to be satisfactorily completed within the
36 months immediately preceding the date of the real estate exams. Applicants for the
real estate broker license must pass the broker exams and pay a license fee of $70.00.
The Arkansas real estate exams are developed and administered by a
national independent testing company. The fee for the exam application is $50, with an
additional exam fee of $75 paid to the exam testing service. There are five testing facilities
throughout the state where an applicant can take the examinations
The real estate education requirements include post-license education
(http://www.state.ar.us/arec/arecweb.html) for all new brokers and salespersons.
Those holding a salesperson license are required to complete 18 classroom hours within
the first year of obtaining their license. Those holding a broker license are required to
complete 30 classroom hours within the first year of obtaining their license. If the
post-license requirement is not met, the licenses are put on an inactive status. All
real estate classes in Arkansas must be actual classroom courses, not correspondence courses.
There are 12 approved Arkansas real estate schools for post-license education.
Applicants for a real estate salesperson license pay a license fee of $50.00 and a Recovery Fund Fee
of $25.00. The fees need to be paid within 90 days after passing the real estate exams.
Applicants for a real estate broker license pay a license fee of $70 and a Recovery Fund Fee of $25.00.
These fees, also, must be paid within 90 days after passing the real estate exams.
You can find some Arkansas real estate forms
online. The rest of the forms need to be obtained from the Real
Estate Commission.
To renew a real estate license in Arkansas, those holding a real estate salesperson license pay $50, and those holding a real estate broker license pay $70. Renewals are due before September 30th of the current year, with a penalty for late renewal. Licenses actually expire on the 31st of the current year. When an Arkansas real estate license has expired, the Commission will usually allow reinstatement within three years from the calendar year in which the license was last renewed.
Licenses for all real estate agents may also be kept in an inactive status at the Real Estate Commission.
To make the license active, six hours of Arkansas real estate courses need to be completed,
plus a $30.00 fee paid. A license may be kept inactive indefinitely as long as the
applicable renewal fees are paid.
This portion of our website has been created for information purposes
only. It is our belief that all information presented here is accurate
as of today, however each state is constantly striving to protect
the public and provide more quality service to those using the services
of a Real Estate Agent. Change in Real Estate laws and regulations
is inevitable. The information presented here should be considered
a starting point and we encourage everyone to fully research any
information you are seeking.
To further assist you, we have included links to each state's
real estate licensing office, and also to the state's local Association
of Realtors site that provides current information on proposed real
estate license regulations in that area.
If you do find an error or have updated information, please contact
us and we will update our information accordingly.
