Arkansas License Requirements Flashcards

Arkansas License Requirements Flashcards Within six months after initial licensure, all real estate licensees are required to complete post-license education requirements Howard is actively licensed as a real estate agent in Utah but is currently in the military and stationed in Arkansas.What must Howard do to obtain a Arkansas license?Pay the fee and provide evidence of Utah licensure The AREC issues licensesin individual names only A non-resident holds a concurrent license from another state with which Arkansas has a reciprocity agreement.Which of the following is not a requirement for this applicant to obtain an Arkansas real estate license?Meet all Arkansas education, experience, and testing requirements.Real estate licenses are eligible for renewal, without penalty, between July 15 and September 30 To obtain a real estate broker license, the applicant must be licensed as a real estate salesperson for how long?At least two years in the last four-year period How often is a time share plan required to be renewed?Annually To obtain a real estate broker license the applicant must successfully complete how many hours of pre-license education?60 hours Which of the following is not a purpose for which money in the Recovery Fund may be used?Subsidizing housing payments for low income families Juan's real estate salesperson license has been inactive for two years. Which of the following is required for Juan to reactivate? Juan must complete 14 hours of continuing education.To own a real estate firm, a personis not required to hold a real estate license After submitting the Application for Real Estate License Examination, how long does a candidate have to take and pass the AR real estate exam?One year To obtain a real estate salesperson license the applicant must successfully complete how many hours of pre-license education?60 hours Candidates who pass the license exam must file for an active license or place the license on inactive status with the AREC within 90 days following the exam. If this does not take place, the test results become null and void and the exam must be retaken How many hours of continuing education must be completed to maintain an active AR real estate license?

• hours every year