16-123-202. Definitions.

Arkansas Code — all titles (historical 2020) · legal_authorities

16-123-202. Definitions.

16-123-202. Definitions. As used in this subchapter: (1) “Housing accommodation” includes improved or unimproved real property, or a part thereof, which is used or occupied, or is intended, arranged, or designed to be used or occupied, as the home or residence of one (1) or more persons; (2) “Real estate broker or salesperson” means a person, whether licensed or not, who: (A) For or with the expectation of receiving a consideration, lists, sells, purchases, exchanges, rents, or leases real property; (B) Negotiates or attempts to negotiate any of those activities; (C) Holds himself or herself out as engaged in those activities; (D) Negotiates or attempts to negotiate a loan secured or to be secured by a mortgage or other encumbrance upon real property; (E) Is engaged in the business of listing real property in a publication; or (F) Is a person employed by or acting on behalf of a real estate broker or salesperson; (3) “Real estate transaction” means the sale, exchange, rental, or lease of real property, or an interest therein; and (4) “Real property” includes a building, structure, mobile home, real estate, land, mobile home park, trailer park, tenement, leasehold, or an interest in a real estate cooperative or condominium.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 16-123-202

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.