Arkansas Administrative Code › Agency 076 - Real Estate Commission › Rule 076.00.19-009 - Expansion of Allowable Education Delivery Methods; 4.1 And 16.1 Applications; education; experience; 11.5 Post- license education requirements; 16.3 Course approval requirements

Current through Register Vol. 49, No. 6, June, 2024
Final Copy
October 24,2019
Effective Date: January 1,2020
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 by actual
		  classroom attendance or completion of approved distance education of which at
		  least forty-five (45) hours are in a course developed by the Commission, for a
		  total of not less than sixty (60) classroom hours. 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, plus such other
		  documentation as the Commission deems satisfactory to demonstrate that the
		  applicant has gained experience in the real estate business equal to that which
		  would be gained by a person engaged in the real estate business on a full time
		  basis during a minimum two year period of time; Listings, sales or other
		  licensed activities may be considered by the commission in determining whether
		  the applicant meets this qualification; Consideration shall be given to the
		  broker applicant's local real estate market and/or specialized area of real
		  estate practice. Any person whose application for broker license is denied by
		  the executive director may appeal such denial to the Commission provided the
		  request is in writing and received in the office of the Commission not later
		  than sixty (60) days following the date of denial by the executive
		  director.
(B) However, pursuant to
		  Section § 17-42-303(b)(2) 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 or
		  who has experience acceptable to the commission in a field considered real
		  estate related for a period of not less than twenty-four months within the
		  previous forty-eight-month period immediately preceding the date of
		  application. Each request for such waiver shall be in writing and shall include
		  such proof as necessry 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) Any other information
		  or documents related to professional licenses held by the applicant; formal
		  disciplinary actions by regulatory agencies; or, pending lawsuits filed or
		  judgments entered against the applicant for fraud, deceit, dishonesty,
		  misrepresentation, or conversion of property including money belonging to
		  another.