Under Ark. Code Ann. § 17-42-303 and AREC Commission Regulation 4.1, how many classroom hours of prelicense education must an Arkansas real estate salesperson applicant complete before applying to sit for the licensing exam, and how many of those hours must specifically cover the basic principles of real estate?
A. 60 total hours, with at least 30 hours in basic principles of real estate
B. 90 total hours, with at least 30 hours in basic principles of real estate
C. 60 total hours, with at least 45 hours in basic principles of real estate
D. 120 total hours, with at least 30 hours in basic principles of real estate
Source: Ark. Code Ann. § 17-42-303; AREC Commission Regulation 4.1
Ark. Code Ann. § 17-42-303(a) caps the prelicense education hours the Arkansas Real Estate Commission may require by rule. What is the statutory ceiling on prelicense hours for a broker's license applicant, and how does it compare to the ceiling for a salesperson's license applicant?
A. Broker ceiling is 90 hours; salesperson ceiling is 60 hours
B. Broker ceiling is 120 hours; salesperson ceiling is 90 hours
C. Broker and salesperson share the same 90-hour ceiling
D. Broker ceiling is 150 hours; salesperson ceiling is 120 hours
Source: Ark. Code Ann. § 17-42-303(a)
Ark. Code Ann. § 17-42-303(c) directs AREC to establish a post-licensure education requirement for individuals in their first year of licensure. For a newly licensed Arkansas salesperson, how many classroom hours has AREC set for this post-license course, and by when must it be completed?
A. 7 classroom hours, within 90 days of initial licensure
B. 30 classroom hours, by the end of the month six months after initial licensure
C. 18 classroom hours, by the end of the month six months after initial licensure
D. 18 classroom hours, by the licensee's first annual renewal date
Source: Ark. Code Ann. § 17-42-303(c); § 17-42-307(f)
Under Ark. Code Ann. § 17-42-307(f), what happens to a new Arkansas salesperson's license if the licensee fails to complete the required post-licensure education within 12 months of the date the license was issued?
A. The license is automatically revoked and the licensee must reapply as an original applicant
B. The commission imposes a $1,000 civil penalty but the license remains active
C. The license downgrades to a provisional license with restricted commission-earning authority
D. The license is placed on inactive status until the commission receives documentation of completion
Source: Ark. Code Ann. § 17-42-307(f)(2)
How many classroom hours of AREC post-licensure education must a newly licensed Arkansas broker complete within six months of initial licensure, and what additional restriction applies before that broker may be designated an executive or principal broker?
A. 30 hours, and a broker who has not completed the course cannot advance to executive or principal broker status
B. 18 hours, and the broker must also pass a supplemental ethics exam
C. 30 hours, with no restriction on advancing to executive or principal broker status
D. 45 hours, and the broker must also complete a separate trust-account course
Source: Ark. Code Ann. § 17-42-303(c); AREC FAQ (arec.arkansas.gov/licensing/frequently-asked-questions)
