Here are some frequently asked questions that
we hope will help you.
Question : Is there a minimum age limit to hold a real
estate license?
Answer : Yes, the age of majority which is currently 18
years in Arkansas.
Question : How long will it take to process my application
once received by AREC?
Answer : If there are no delays in the background checks,
the usual turnaround time is five to ten business workdays for applications
with no other problems.
Question : Why does the Arkansas Real Estate Commission (
AREC ) require a background check?
Answer : Background checks are becoming more common in many
professions. As part of AREC's legislative charge to protect the public,
background checks are considered a reasonable and viable tool with which to
screen applicants for real estate licenses.
Question : What type of previous legal problems would
prevent a person from getting a real estate license?
Answer : When considering previous legal problems, the
Commission has to consider whether the granting of a real estate to the
individual would be detrimental to the public. Circumstances differ so each
situation has to be considered on a case to case basis.
Question : How often is the exam given and what does it
cost?
Answer : Exams are given every week depending on location.
The exam application fee. payable to AREC cost $50. The exam fee, payable to
the testing service cost $75. Location sites are: Little Rock, Springdale,
Texarkana, as well as Shreveport, LA and Memphis, TN
Question : After I apply to take the real estate exam, how
long is my application valid without reapplying?
Answer : One year after the date of application as per
Commission Regulation 4.1(h) .
Question : How can I qualify to sit for the real estate
broker's exam?
Answer : You should of held an active Arkansas salespersons
license for two years. You must have completed 60 classroom hours of pre-
licensing education within 36 months immediately preceding the date you
apply to take the brokers exam.
Question : What is required for a new salespersons license
to be issued?
Answer : For salespeople, you must summit your successful
score report from the test, a license fee of $50.00, a recovery fund fee of
$25.00, and a signed post license notice.
Question : What is required for a new brokers license to be
issued?
Answer : If the license is a currently active salesperson,
the current license and pocket card are to be returned along with your
successful score report from the test, license fee of $70.00 and a signed
post license notice.
Question How much are the license renewal fees and
penalties?
Answer : A Salesperson pays $50.00 and a Broker pays $70.00
if the license is renewed before Sept. 30th of the current year. After Sept.
30th, a penalty payment is applied for sales of $20.00 and a brokers pay
$30.00.
Question : What is the expiration date of my license?
Answer : Licenses are issued per calendar year; therefore,
your license will expire December 31st. of the currant year.