Which of the following is a requirement for Arkansas real estate licensees?
Salesperson applicants must:
Have reached the age of eighteen (18); Successfully complete sixty (60) classroom hours of real estate education from an accredited post-secondary school or a school or organization licensed by the Arkansas State Board of Private Career Education.
Are all real estate agents Realtor?
In the United States, a real estate agent is licensed to help consumers buy and sell commercial or residential property. But not all real estate agents are Realtors, nor are all Realtors necessarily real estate agents. … To become a member of the NAR, you need to join your local real estate board or association.
Is the Arkansas real estate exam hard?
Remember, the Arkansas real estate exam is hard to pass and over 50% fail the first time. Not only that, but it is expensive to try again. This course has everything you need to pass the first time at a price that is unmatched.
How much does a real estate license cost in Arkansas?
Applicants for a real estate salesperson license pay a license fee of $50.00 and a Recovery Fund Fee of $25.00. The fees need to be paid within 90 days after passing the real estate exams. Applicants for a real estate broker license pay a license fee of $70 and a Recovery Fund Fee of $25.00.
What is the salary for real estate agents?
The median annual pay for real estate agents was $48,930 in 2019, according to the most recent data available from the U.S Bureau of Labor Statistics.
How long does it take to become a real estate agent in Arkansas?
Broker applicants must complete sixty (60) hours of real estate education, of which forty-five (45) hours must be the Commission developed Broker Pre-License Education course, from an accredited post secondary school or a school or organization licensed by the Arkansas Real Estate Commission within 36 months …
How long does it take to get a real estate license?
On average, it takes anywhere from 2-5 months to complete real estate school and earn a real estate license. However, this can vary depending on your state’s licensing requirements and application process and whether you choose an online real estate school or traditional classroom courses.
What is the maximum amount that a person can receive from the Arkansas Real Estate Recovery Fund?
The maximum compensation that will be paid from the Arkansas Real Estate Recovery Fund under such circumstances is $50,000.
Is Arkansas a good place to live?
Arkansas is a good place to live especially if you prefer to live close to the vast American wilderness. Given the natural beauty of the state and that the cost of living is low across most of the state; there are scores of great areas to live in Arkansas.
How do you get your real estate license in Arkansas?
How Do I get my Arkansas Real Estate License?
- Step 1: Be at Least 18 Years of Age. …
- Step 2: Register for the 60 Hours of Required Education. …
- Step 3: Complete Your Fingerprinting and Apply for your Real Estate License Examination. …
- Step 4: Take the Arkansas and National Licensing Exam.