Arkansas Administrative Code › Agency 076 - Real Estate Commission › Rule 076.00.98-001 - Regulation 4.1 amendment - Applications, education, experience

Current through Register Vol. 49, No. 6, June, 2024
4.1 Applications;
		  Education; Experience.
a) Amendments to
		  existing regulation are underlined on page 3, lines 1-25.
Summary of Substantive Changes: The proposed amendments
			 to Regulation 4.1 establish a procedure to obtain reports of any criminal
			 conviction information regarding applicants who apply for real estate licenses
			 from the Arkansas State Police Identification Bureau.
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 by actual
		  classroom attendance or completion of approved correspondence courses for not
		  less than sixty (60) classroom hours. For applicants who make application for
		  the examination after June 1, 1997, the education requirement as stated shall
		  not be less than ninety (90) classroom hours, at least thirty (30) classroom
		  hours of which shall be in basic broker courses. 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;
(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.