Title 17 — Professions, Occupations, and Businesses
83 chapters · 2,038 sections in this title.
Ark. Code Ann. § 17-42-506 Powers and duties
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(a) The Arkansas Real Estate Commission may adopt rules as necessary to implement this subchapter. (b) The commission shall license, approve, and regulate schools, associations, principal instructors, and associate instructors offering commission-approved prelicense, postlicense,…
Ark. Code Ann. § 17-42-507 Disposition of funds
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Except as otherwise provided in this subchapter, the fees, charges, fines, and penalties collected by the Arkansas Real Estate Commission under this subchapter are to be to be deposited into the Arkansas Real Estate Commission Fund and spent under § 17-42-204.
Ark. Code Ann. § 17-42-508 Subpoenas and subpoenas duces tecum
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The Arkansas Real Estate Commission may issue subpoenas and subpoenas duces tecum with both its investigations and hearings of persons, entities, and courses under § 17-42-205.
Ark. Code Ann. § 17-42-509 Issuance or denial of license
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(a) The Arkansas Real Estate Commission shall issue a license to an applicant instructor of real estate education who:(1) Is twenty-one (21) years of age or older;(2) Has successfully completed the real estate education requirements under this subchapter;(3) Has sufficient experi…
Ark. Code Ann. § 17-42-510 Education fees
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(a) The Arkansas Real Estate Commission may charge and collect the following fees annually:(1) An original license fee for each main school not to exceed five hundred dollars ($500);(2) An original license fee for each branch school not to exceed three hundred dollars ($300);(3) …
Ark. Code Ann. § 17-42-511 License application procedure
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(a) Applications for licensure are submitted on forms provided by the Arkansas Real Estate Commission. (b) An applicant for licensure shall pay the fees required under this subchapter. (c) An applicant for licensure or course approval shall furnish contact information on forms pr…
Ark. Code Ann. § 17-42-512 Term of license
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(a) A license is issued for a term of one (1) year. (b) (1) The Arkansas Real Estate Commission shall issue approval for renewal of a license in the absence of a reason or condition that may warrant the refusal of the renewal on receipt of a renewal request thirty (30) days befor…
Ark. Code Ann. § 17-42-513 Approval of courses and course content
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(a) Except for courses exempted in § 17-42-503(b), a real estate or property management course that is intended to satisfy the education requirements for a real estate or property management license issued by the Arkansas Real Estate Commission shall first be approved by the comm…
Ark. Code Ann. § 17-42-514 Curricula
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(a) The Arkansas Real Estate Commission may:(1) Require continuing education for licensees under § 17-42-307;(2) Identify subject matter topics for continuing education courses;(3) Identify a specific topic of not more than three (3) classroom hours to be included in the annual c…
Ark. Code Ann. § 17-42-515 Violations
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(1) An applicant for a license or a licensee under this chapter is subject to disciplinary action under this subchapter if the applicant for a license or a licensee pleads guilty or nolo contendere to or is found guilty of any of the following:(1) Obtaining an instructor license,…
Ark. Code Ann. § 17-42-516 Investigation of complaint — Penalties
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(a) (1) The Arkansas Real Estate Commission may on its own motion and shall on the complaint in writing of a person, if the complaint and evidence presented make a prima facie case, investigate the action of a person or entity engaged in the business or acting in the capacity of …
Ark. Code Ann. § 17-42-517 Dismissal of complaint — Appeal
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(a) A person whose complaint against a licensed school, administrator, or instructor is dismissed by the Executive Director of the Arkansas Real Estate Commission without a hearing may appeal the dismissal to the Arkansas Real Estate Commission subject to the following:(1) The re…
Ark. Code Ann. § 17-42-518 Hearings
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(a) Proceedings under this subchapter are conducted under the Arkansas Administrative Procedure Act, § 25-15-201 et seq. (b) Except in the case of a person or entity obtaining a license or course approval by false or fraudulent representation, the Arkansas Real Estate Commission …
Ark. Code Ann. § 17-42-601 Establishment of program
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(a) The Arkansas Real Estate Commission is hereby authorized and empowered, subject to the following restrictions and limitations, to establish a program authorizing and permitting the collection of interest on real estate brokers' trust accounts and the disbursement of the inter…
Ark. Code Ann. § 17-42-602 Notice
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(a) All real estate brokers participating in the interest on real estate brokers' trust accounts program shall post a notice at least four inches by seven inches (4″ x 7″) stating that they participate in the interest on real estate brokers' trust accounts program. (b) The notice…
Ark. Code Ann. § 17-42-603 Disposition of funds
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(a) (1) The recipient of the funds generated by the interest on real estate brokers' trust account program shall be such Arkansas nonprofit corporation as the Arkansas Real Estate Commission shall designate.(2) The corporation shall be governed by a board of directors consisting …
Ark. Code Ann. § 17-42-701 Definitions
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(1) As used in this subchapter:(1) “Actual introduction” means the referral of a principal to a licensee by the person or entity seeking the referral fee before the principal and licensee have engaged in material discussions regarding a specific real estate transaction;(2) (A) “I…
Ark. Code Ann. § 17-42-702 Interference with licensee relationships prohibited
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(a) No person shall knowingly interfere with a licensee relationship between a licensee and a person or entity. (b) No licensee shall be liable for a referral fee when reasonable cause for payment does not exist. (c) (1) Any person or entity aggrieved by a violation of this subch…