Property Management requirements in Arkansas

Must Arkansas property managers have a real estate broker's license?

YES. A broker's license is required for any person or company who, for compensation, engages in the lease or rental of real estate in Arkansas, who offers or lists real estate for rent or lease, who collects rent for the use of real estate or who assists or directs in the negotiation of any transaction intended to result in the rent or lease of Arizona real estate. A salesperson working under a broker may engage in such activities.

Must Arkansas community association managers have a real estate broker's license?

NO.

Arkansas Real Estate Broker Requirements

1. At least 18 years of age;
   
   
2. Successful completion of sixty (60) classroom hours of real estate education of instruction in real estate principles, license law, and commission regulations from an accredited postsecondary school or a school or organization licensed by the Arkansas State Board of Private Career Education within thirty-six (36) months immediately preceding the date of the application [ACA Sect. 17-42-303 and Commission Regulation 4.1];
   
   
3. Have been licensed as an active real estate salesperson or broker 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; however, upon written request such experience requirement may be waived for a real estate broker applicant who has held an active real estate broker license for a period of not less than eighteen (18) months; [ACA Sect. 17-42-303 and Commission Regulation 4.1]
   
   
4. Pass the licensure examination; and
   
   
5. Send the proper forms and fees to the Arkansas Real Estate Commission no later than ninety (90) days after passing the examination.

New Brokers are required to complete Post-License education within the first year of issuance of the license. Brokers must complete up to 30 classroom hours and Salespersons 18 classroom hours. The Arkansas Real Estate Commission establishes the course content. If the Post-License requirement is not completed within the first year of issuance of the license the license will be placed on inactive status until completed. All post license education must be conducted by actual classroom attendance.