Property Management requirements in Arkansas
Must an Arkansas property management company have a real estate broker's license?
YES. Key components of property management are considered a real estate activity under existing Arkansas real estate licensing laws. 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 Arkansas real estate. A salesperson working under a broker may engage in such activities.
Are there any exceptions to the requirement that an Arkansas property manager have a broker's license?
Certain limited exemptions exist. For example, on-site residential managers who reside at the property and who are engaged in the leasing of real property in connection with their employment need not have a real estate broker's license.
For more information about these and other Arkansas property management requirements and exceptions, please contact the Arkansas Real Estate Commission.
Before hiring a property manager to manage your Arkansas rental property, you should always check they he or she is licensed properly. You can check the license status of an Arkansas property manager at the Arkansas Real Estate Commission License Search.
Arkansas Community Association Management Licensing
A community association manager need not be licensed as a real estate broker to manage a community or condominium association in Arkansas.
Arkansas Real Estate Broker Requirements
Arkansas real estate broker licensing requirements include:
Arkansas Real Estate Salesperson Licensing Requirements
Arkansas real estate salesperson licensing requirements include: