What do you have to do to get a real estate license in Arkansas?

How hard is the Arkansas real estate exam?

This is by no means a simple test. As noted by the Arkansas Real Estate Commission (AREC), you need a score of (70) to pass this exam. Nearly half of all applicants fail the test. … With our real estate test guides, students pass official licensure exams more than 95 percent of the time.

How much does it cost to get your real estate license 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.

How many times can you take the real estate exam in Arkansas?

In Arkansas, if you pass one part of the Real Estate Salesperson Exam, you are permitted to take and pass the subsequent part at a later date as long as both are passed within 6 months.

IMPORTANT:  How many rupees does it take to build a house?

How much does it cost to get a realtor license?

Estimated cost: $325+

Your real estate license application fee will generally cost around $25. You will also have to pay for fingerprinting and a background check. These will cost about $100 altogether. The actual state exam fee will vary, but it is generally less than $50.

What is the hardest state to get a real estate license?

Hardest States to get a Real Estate License

Of all states, Colorado and Texas come on top as the hardest in terms of granting a real estate license. Each of the states requires some education and a test, which you must pass before being issued with a real estate license.

How many questions are on the Arkansas real estate exam?

The salesperson exam consists of two portions, the national portion and the Arkansas State Law portion. There are 85 national questions and 40 State Law questions. The broker exam consists of only one portion with 130 questions. There can be 5-10 “Pre-Test” questions in each category.

How long does it take to get your real estate license 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 …

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.

IMPORTANT:  Frequent question: Can a foreigner buy property in Canada?

What is the difference between a real estate agent and a real estate broker?

Real estate agents have a professional license to help people buy, sell, and rent real estate. … Brokers are real estate agents who have completed additional training and licensing requirements. They can work independently and hire other real estate agents to work for them.

Can a felon get a real estate license in Arkansas?

Background check information:

Arkansas Real Estate Commission is charged with the duty of protecting the public’s health, safety and welfare. Prior to January 1, 2020, Arkansas law has prohibited AREC from issuing a license to anyone convicted of a felony or other certain crimes considered a danger to the public.