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Subchapter 1 - Real Estate License Law — General Provisions
§ 17-42-101. Title - This chapter shall be known as the “Real Estate License...
§ 17-42-102. Legislative findings and intent - The legislature finds that it is necessary to regulate the...
§ 17-42-103. Definitions - As used in this chapter: (1) (A) “Associate broker” means...
§ 17-42-104. Exemptions - (a) This chapter does not apply to: (1) A person...
§ 17-42-105. Violations and criminal sanctions - (a) It is unlawful to: (1) Engage in unlicensed real...
§ 17-42-106. Injunction - (a) If the Arkansas Real Estate Commission has reason to...
§ 17-42-107. Capacity to sue and be sued — Definition - (a) An action or suit shall not be instituted, nor...
§ 17-42-108. Disclosure requirement - (a) (1) In every real estate transaction involving a licensee,...
§ 17-42-109. Civil penalties for engaging in unlicensed real estate activity - (a) If after notice and a hearing in accordance with...
§ 17-42-110. Broker's price opinions - (a) A licensee may prepare, provide, and collect a fee...
Subchapter 2 - Arkansas Real Estate Commission
§ 17-42-201. Creation — Members - (a) (1) The Arkansas Real Estate Commission shall consist of...
§ 17-42-202. Organization — Employees - (a) (1) Immediately upon the qualification of the member appointed...
§ 17-42-203. Powers and duties - (a) The Arkansas Real Estate Commission may do all things...
§ 17-42-204. Disposition of funds — Fund created - (a) Except as otherwise provided herein, all fees, charges, fines,...
§ 17-42-205. Subpoenas and subpoenas duces tecum - (a) The Arkansas Real Estate Commission shall have the power...
Subchapter 3 - Licenses
§ 17-42-301. License required — Violations - (a) No person shall practice or represent himself or herself...
§ 17-42-302. Issuance or denial of license - (a) The Arkansas Real Estate Commission shall issue a license...
§ 17-42-303. Education and experience requirements - (a) The Arkansas Real Estate Commission shall establish education requirements...
§ 17-42-304. Fees - The Arkansas Real Estate Commission shall have authority to establish,...
§ 17-42-305. Nonresident license requirements - (a) In order to be licensed in Arkansas a nonresident...
§ 17-42-306. Application procedure — Licensing examination required - (a) (1) Applications for licensure shall be submitted on forms...
§ 17-42-307. Expiration and renewal - (a) Every license shall expire on a date established by...
§ 17-42-308. Inactive license - (a) (1) A licensee may place his or her license...
§ 17-42-309. Place of business - (a) Every principal broker shall maintain a place of business...
§ 17-42-310. Change of name or address — Lost license or card - (a) (1) When a licensee changes his or her name,...
§ 17-42-311. Violations - (a) The following acts, conduct, or practices are prohibited, and...
§ 17-42-312. Investigation of complaint — Citations — Penalties - (a) (1) The Arkansas Real Estate Commission may, on its...
§ 17-42-313. Dismissal of complaint — Appeal - (a) Any person whose complaint against a licensed real estate...
§ 17-42-314. Hearings - (a) Proceedings under § 17-42-312 and hearings on denials of...
§ 17-42-315. Criminal background check - (a) (1) The Arkansas Real Estate Commission may require each...
§ 17-42-316. Agency relationship and duties generally - (a) The common law of agency under Arkansas as supplemented...
§ 17-42-317. Representing seller or lessor in an agency relationship - (a) When representing a seller or lessor in an agency...
§ 17-42-318. Representing buyer or lessee in an agency relationship - (a) When representing a buyer or lessee in an agency...
§ 17-42-319. Waiver of agency duties - (a) A licensee shall perform the duties required under §...
Subchapter 4 - Applicability — Real Estate Recovery Fund — Disciplinary Actions
§ 17-42-401. Applicability - The provisions of this subchapter shall apply only to: (1)...
§ 17-42-402. Construction - Nothing in this subchapter shall be construed to limit or...
§ 17-42-403. Creation — Administration - There is created and established the “Real Estate Recovery Fund”,...
§ 17-42-404. Fees — Use of fund - (a) The Arkansas Real Estate Commission shall set the fees...
§ 17-42-405. Additional fee - (a) In addition to the other fees provided for in...
§ 17-42-406. Disciplinary hearing — Procedure - (a) (1) In any disciplinary hearing before the Arkansas Real...
§ 17-42-407. Jurisdiction - (a) The Arkansas Real Estate Commission's jurisdiction and authority to...
§ 17-42-408. Appeal - (a) An appeal may be taken to the circuit court...
§ 17-42-409. Subrogation — Suspension of license - Upon the payment by the Arkansas Real Estate Commission of...
Subchapter 5 - Renewal of Licenses
§ 17-42-501. Real estate education program - The Arkansas Real Estate Commission shall establish an education program...
§ 17-42-502. Definitions - As used in this subchapter: (1) “Accredited college or university”...
§ 17-42-503. Exemptions - (a) The licensing requirements of this subchapter do not apply...
§ 17-42-504. Requirements — Mandatory real estate education - (a) A person shall not practice as a provider of...
§ 17-42-505. Civil penalties — Jurisdiction - (a) If after notice and a hearing under this subchapter...
§ 17-42-506. Powers and duties - (a) The Arkansas Real Estate Commission may adopt rules as...
§ 17-42-507. Disposition of funds - Except as otherwise provided in this subchapter, the fees, charges,...
§ 17-42-508. Subpoenas and subpoenas duces tecum - The Arkansas Real Estate Commission may issue subpoenas and subpoenas...
§ 17-42-509. Issuance or denial of license - (a) The Arkansas Real Estate Commission shall issue a license...
§ 17-42-510. Education fees - (a) The Arkansas Real Estate Commission may charge and collect...
§ 17-42-511. License application procedure - (a) Applications for licensure are submitted on forms provided by...
§ 17-42-512. Term of license - (a) A license is issued for a term of one...
§ 17-42-513. Approval of courses and course content - (a) Except for courses exempted in § 17-42-503(b), a real...
§ 17-42-514. Curricula - (a) The Arkansas Real Estate Commission may: (1) Require not...
§ 17-42-515. Violations - An applicant for a real estate educator license or a...
§ 17-42-516. Investigation of complaint — Penalties - (a) (1) The Arkansas Real Estate Commission may on its...
§ 17-42-517. Dismissal of complaint — Appeal - (a) A person whose complaint against a licensed school, administrator,...
§ 17-42-518. Hearings - (a) Proceedings under this subchapter are conducted under the Arkansas...
Subchapter 6 - Interest on Trust Accounts Program
§ 17-42-601. Establishment of program - (a) The Arkansas Real Estate Commission is hereby authorized and...
§ 17-42-602. Notice - (a) All real estate brokers participating in the interest on...
§ 17-42-603. Disposition of funds - (a) (1) The recipient of the funds generated by the...
Subchapter 7 - Interference with Real Estate Licensee Relationships
§ 17-42-701. Definitions - As used in this subchapter: (1) “Actual introduction” means the...
§ 17-42-702. Interference with licensee relationships prohibited - (a) No person shall knowingly interfere with a licensee relationship...