The following is all the information needed for obtaining a broker license and how@ Home Prep can help pass the state exam!
| License Education: |
Pre-licensing
- 60 hours of prelicensing courses
Post Licensing
- 30 hours of post licensing course work
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| Continuing Education: |
- 6 hours of continuing education every year
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| Other Requirements: |
- Must be 18 years old
- Undergo a criminal background check
- Must have 2 years experience as a salesperson in the last 4 years
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| Applications: |
Contact the state of Arkansas (501) 683-8010 for an application. The application fee is $50. |
| Reciprocity |
Arkansas has reciprocal agreements with the following states
- Alabama
- Colorado
- Florida
- Georgia
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Mississippi
- Missouri
- Nebraska
- New York
- North Carolina
- Ohio
- Oklahoma
- Pennsylvania
- South Dakota
- Tennessee
- Washington
- West Virginia
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| Examinations: |
- The exam is administered by Pearson Vue (800) 274-0501
- The exam fee is $75
- The exam is divided in to two sections, state and national sections with a 3 1/2 hour time limit
- Topics on the general portion of the exam include Real property characteristics, definitions, ownership, restrictions, transfer, property valuation and the appraisal process, contracts and agency relationships with buyers and sellers, property conditioned and disclosures, federal laws governing real estate activities, financing the transaction and settlement, brokerage options
- Topics on the state portion of the exam include duties and powers of the real estate commission, license requirements, requirements governing activities of licensees, brokerage relationships in real estate transactions act, penalties for violation
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| Helpful Books: |
- Real Estate Fundamentals, 6th Edition
- Modern Real Estate Practices, 16th Edition
- Real Estate Law, 5th Edition
- Marketing Real Estate, 3rd Edition
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| How We Can Help: |
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