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17-42-307. Expiration and renewal.
Arkansas Code — all titles (historical 2020) · legal_authorities
17-42-307. Expiration and renewal.
(a) Every license shall expire on a date established by the Arkansas Real Estate Commission.
(b)(1) A broker or salesperson shall complete annually:
(A) Not less than six (6) or more than seven (7) classroom hours of continuing education required by the commission with at least one (1) classroom hour focusing on personal safety precautions for real estate agents;
(B) The distance education equivalent of subdivision (b)(1)(A) of this section required by the commission; or
(C) A course that the commission has determined to demonstrate mastery of an acceptable real estate subject.
(2) A licensee who satisfies subdivision (b)(1) of this section completes the continuing education requirements for the licensing year.
(3) If a licensee files for renewal of a license but fails to provide proof of continuing education, the licensee's license is inactive until proof is provided to the commission.
(4) Effective September 30, 2019, the commission may promulgate rules to add additional hours of continuing education to the annual amount required under subdivision (b)(1)(A) of this section with no statutory maximum for hours of continuing education.
(c)(1) To renew or reactivate a license, a licensee shall complete the number of classroom hours of continuing education or the distance education equivalent of continuing education required by the commission for each inactive year not to exceed a total of thirty (30) classroom hours.
(2) Except as provided in subdivision (c)(1) of this section, a person is not subject to the education requirements of this section while the person's license is inactive.
(3) The commission may waive all or part of the requirements of subdivision (c)(1) of this section if a licensee is unable to comple
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-42-307
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.
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Record provenance
Stable record: arkansas_code:legal_authorities:17-42-307
Source file: gov.ar.code.title.17.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 83a708b0ea6a21828dde58204850451e18871008d97aaa86019ba20c48987dac
Source location: content.xml paragraph 15319
Stored source content
17-42-307. Expiration and renewal.
(a) Every license shall expire on a date established by the Arkansas Real Estate Commission.
(b)(1) A broker or salesperson shall complete annually:
(A) Not less than six (6) or more than seven (7) classroom hours of continuing education required by the commission with at least one (1) classroom hour focusing on personal safety precautions for real estate agents;
(B) The distance education equivalent of subdivision (b)(1)(A) of this section required by the commission; or
(C) A course that the commission has determined to demonstrate mastery of an acceptable real estate subject.
(2) A licensee who satisfies subdivision (b)(1) of this section completes the continuing education requirements for the licensing year.
(3) If a licensee files for renewal of a license but fails to provide proof of continuing education, the licensee's license is inactive until proof is provided to the commission.
(4) Effective September 30, 2019, the commission may promulgate rules to add additional hours of continuing education to the annual amount required under subdivision (b)(1)(A) of this section with no statutory maximum for hours of continuing education.
(c)(1) To renew or reactivate a license, a licensee shall complete the number of classroom hours of continuing education or the distance education equivalent of continuing education required by the commission for each inactive year not to exceed a total of thirty (30) classroom hours.
(2) Except as provided in subdivision (c)(1) of this section, a person is not subject to the education requirements of this section while the person's license is inactive.
(3) The commission may waive all or part of the requirements of subdivision (c)(1) of this section if a licensee is unable to complete the continuing education due to extenuating circumstances.
(d)(1) For each active licensee, the commission shall issue a new license for each ensuing renewal period in the absence of a reason or condition that may warrant the refusal of a license, upon receipt of the:
(A) Written request for license renewal at least ninety (90) days before the expiration of the license upon forms provided by the commission; and
(B) Renewal fee.
(2)(A) A broker or salesperson who does not wish to engage in the real estate business may renew a license on inactive status in the absence of a reason or condition that may warrant the refusal of a license upon receipt of the:
(i) Written request of the applicant at least ninety (90) days before the expiration of the license upon forms provided by the commission; and
(ii) Renewal fee.
(B) The commission may limit the number of renewal periods in which a license may be renewed on inactive status.
(C) The renewal fee for inactive status is the same as for renewal of an active license.
(3) An application for renewal filed after the date established by the commission to renew a license is treated as an application to renew an expired license.
(e) If a person to whom a valid license has been issued permits the license to expire for a period not in excess of that established by the commission, the commission shall issue to the person a current license without requiring the person to submit to an examination if the person furnishes the information required by the commission, including proof of completion of appropriate continuing education requirements, and pays the fee required by the commission.
(f)(1) New salesperson and broker licensees shall complete post-licensure education under § 17-42-303(c).
(2) If the licensee fails to complete the post-licensure education requirements within twelve (12) months after the date the license was issued, the commission shall place the license on inactive status until the commission receives documentation that the licensee has completed the post-licensure education requirements.
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Arkansas Code — all titles (historical 2020) · legal_authorities
17-42-303. Education and experience requirements.
(a) The Arkansas Real Estate Commission shall establish education requirements for licensure, including the standards and procedures for approval of education programs, subject to the following conditions:
(1)(A) The most education hours required of an applicant for a broker's license shall not exceed one hundred twenty (120) hours within the thirty-six (36) months immediately preceding the date of application.
(B) Effective on May 1, 2014, an applicant for a broker's license shall complete at least forty-five (45) of the required education hours in a course developed by the commission; and
(2) The maximum number of hours required of an applicant for a salesperson's license shall not exceed ninety (90) hours, at least thirty (30) hours of which shall be in the basic principles of real estate.
(b)(1) The commission shall establish the experience requirement for licensure for an applicant for a broker's license subject to the condition of serving an active, bona fide apprenticeship by holding a valid salesperson's license issued by the commission or by holding a valid salesperson's license or broker's license issued by the appropriate licensing agency of another state for a period of not less than twenty-four (24) months within the previous forty-eight-month period immediately preceding the date of application.
(2) However, the commission may waive the experience requirement for a real estate broker applicant who has held an active real estate broker's license for a period of not less than eighteen (18) months or who has experience acceptable to the commission in a field considered real estate-related for a period of not less than twenty-four (24) months within the previous forty-eight-month period immediately
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-42-303
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. The source passage cites 17-42-303. This identifies an authority to review, not proof of applicability.