Arkansas Administrative Code › Agency 076 - Real Estate Commission › Rule 076.00.05-001 - Regulation 4.1 - Applications; Educations; Experience

Current through Register Vol. 49, No. 6, June, 2024
Regulation 4.1
Applications; Education;
		  Experience.
Applicants for original licensure as a broker or salesperson must
			 apply on forms provided by the commission, pay the application fee established
			 by these regulations, and meet the following requirements:
(a) Broker applicants must provide proof of
		  the following:
(1) Attainment of the age of
		  majority, which proof may consist of a birth certificate or copy thereof,
		  driver's license, or other document or proof of age which is satisfactory to
		  the commission;
(2) Successful
		  completion within thirty six (36) months immediately preceding the date of the
		  application of a course or courses of instruction in real estate principles,
		  license law, and commission regulations by actual classroom attendance or
		  completion of approved correspondence courses for not less than sixty (60)
		  classroom hours. Applicants who are retaking only one part of the examination
		  pursuant to Regulation 4.2 (c), shall remain subject to the requirement which
		  was in effect at the time the applicant passed the other part of the
		  examination. Proof of completion of such education requirement shall consist of
		  the original certificate(s), or certified copies thereof, from the school or
		  organization or other documentation satisfactory to the commission; [Amended
		  effective 1-1-02 ]
(3)
(A) Service by the applicant of an active
		  bona fide apprenticeship by holding a valid real estate salesperson's license
		  issued by the commission, or by holding a valid real estate 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 (48) month period immediately preceding the date of
		  application, which proof may consist of the official license records of the
		  commission or certified copies of licensure records of the appropriate
		  licensing agency of another state, or such other documentation as the
		  commission deems satisfactory;
(B)
		  However, pursuant to Section
		  17-42-303(b)
		  the commission may waive such 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. Each request for such waiver shall be in
		  writing and shall include such proof as necessary to establish the applicant's
		  eligibility for the waiver. Such proof may consist of the official license
		  records of the commission, certified copies of license records of the
		  appropriate licensing agency of another state, or such other documentation as
		  the commission deems satisfactory;
(4) The applicant's affidavit that he/she has
		  no record of unprofessional conduct;
(5) The statements of three (3) adults who
		  have known the applicant for at least one (1) year that the applicant has a
		  good reputation for honesty, trustworthiness and integrity sufficient to
		  safeguard the interests of the public;
(6) Any other information or documents
		  required by the commission.