How long does it take to become a real estate agent in Arkansas?
Successfully complete sixty (60) hours of real estate education, of which forty-five (45) hours must be the commission developed Broker Pre-License Education course, from an accredited postsecondary school or a school or organization licensed by the Arkansas Real Estate Commission within 36 months immediately preceding ...
How difficult is the Arkansas real estate exam?
As noted by the Arkansas Real Estate Commission (AREC), you need a score of (70) to pass this exam. Nearly half of all applicants fail the test. Fortunately, you can pass on your very first attempt. With our real estate test guides, students pass official licensure exams more than 95 percent of the time.
How much does a realtor make in Arkansas?
As of Oct 14, 2022, the average annual pay for a Licensed Real Estate Agent in Arkansas is $71,874 a year. Just in case you need a simple salary calculator, that works out to be approximately $34.56 an hour. This is the equivalent of $1,382/week or $5,989/month.
How much does it cost to go to real estate school in Arkansas?
We Have All 60 Hours of Education You Need To Get Your Arkansas Sales Real Estate LicenseRequired Courses Courses Only Full Course DetailsIncludes Exam Prep Standard Package Full Package DetailsStudy Schedule$369 $276.75 With Promo Code ARPRE25 Add to Cart »$439 $329.25 With Promo Code ARPRE25 Add to Cart »13 more rows
Is the Arkansas real estate exam open book?
The Arkansas Real Estate Salesperson exams are taken by computer. The test is closed book.
How many times can I take the Arkansas real estate exam?
You have six months to pass the Arkansas state licensing exam once you take it the first time. Your retakes are unlimited within this window, but you'll pay the exam fee each time you retest.
How much are closing costs in Arkansas?
According to data from ClosingCorp, the average closing cost in Arkansas is $2,578.04 after taxes, or approximately 1.29% to 2.58% of the final home sale price.
How many licensed realtors are in Arkansas?
Number of Realtors by StateArkansas10,482California212,279Colorado29,701Connecticut19,478Delaware431751 more rows•Nov 27, 2021
How much are seller closing costs in Arkansas?
On average, sellers in Arkansas can expect to pay 3.31% of their home's final sale price in closing costs. For a $180,819 home — the median home value in Arkansas — you'd pay around $5,988.
Can you take real estate classes online in Arkansas?
In a nutshell, to be able to apply for a license, you need to complete 60 hours of the Arkansas Real Estate Commission-approved pre-licensing course. To complete the 60 hours, many certified schools exist, both in-person and online.
How do you become a broker in Arkansas?
Broker applicants must complete sixty (60) hours of real estate education, of which forty-five (45) hours must be the Commission developed Broker Pre-License Education course, from an accredited post secondary school or a school or organization licensed by the Arkansas Real Estate Commission within 36 months ...
What states are reciprocal with Arkansas real estate license?
Real Estate License Reciprocity: Arkansas has reciprocity agreements with these states: Alabama, Colorado, Florida, Georgia, Iowa, Kansas, Louisiana, Mississippi, Nebraska, New York, Ohio, Oklahoma, Pennsylvania, South Dakota, Washington, West Virginia.
Which states have the hardest real estate exams?
Of all states, Colorado and Texas come on top as the hardest in terms of granting a real estate license. Each of the states requires some education and a test, which you must pass before being issued with a real estate license.
How many questions are there on the Arkansas real estate exam?
There are a total of 180 questions on the Arkansas real estate exam.
Is real estate math hard?
Is Real Estate Math Difficult? Real estate math is NOT difficult. Many students dread the idea of learning math and having to use math in their careers, however, real estate math is not challenging and there are only a few concepts that you need to master.
How do you study for the real estate exam?
7 Study Tips for Passing Your Real Estate ExamReview What's on the Exam. ... Create Digital or Physical Notes for Key Concepts. ... Read Your Notes. ... Don't Reach Out to Practicing Agents. ... Take Several Practice Real Estate Exams. ... Understand How To Take Tests. ... Stay Positive and Upbeat.
How long does it take to get a real estate license in Arkansas?
Complete 18 hours of Post-license education within 6 months after the initial license is issued.
How many hours do you need to be a real estate agent in Arkansas?
Salesperson applicants must: Have reached the age of eighteen (18); Successfully complete sixty (60) classroom hours of real estate education from an accredited post-secondary school or a school or organization licensed by the Arkansas State Board of Private Career Education.
What is the Arkansas Real Estate Commission?
Arkansas Real Estate Commission is charged with the duty of protecting the public’s health, safety and welfare. Prior to January 1, 2020, Arkansas law has prohibited AREC from issuing a license to anyone convicted of a felony or other certain crimes considered a danger to the public.
How long do you have to be a real estate broker?
Have been licensed as an active real estate salesperson or broker for a period of not less than twenty four (24) months within the previous forty-eight (48) month period immediately preceding the date of application . However, upon written request such experience requirement may be waived for a real estate broker applicant who has held an active real estate broker license for a period of not less than eighteen (18) months; (if experience requirement was met in another jurisdiction, please furnish an official license history from that jurisdiction) or has experience acceptable to the commission in a field considered real estate related for a period of not less than twenty-four (24) months within the previous forty-eight month period immediately preceding the date of application (must submit a written history of experience for review by the commission);
How much does it cost to get a broker license?
Secure a Broker firm to hang and activate your license. The fee for license activation is $75.00 and must be completed within 90 days of passing exam.
Does AREC issue a license?
AREC will issue the Certificate of Eligibility for Examination only after receiving the application information and the education certificate. The criminal background reports must be received and approved by the Arkansas Real Estate Commission before issuing a license. AREC prefers you submit everything at once.
What is the next step to get a real estate license in Arizona?
After submitting your pre-licensing hours, the next step is to complete your fingerprinting and background check. The Arkansas Real Estate Commission requires that all applicants have a background check performed before they can become a licensed real estate agent in Arizona.
What background check is required for real estate in Arkansas?
The Arkansas Real Estate Commission requires all applicants for original licensure as a real estate salesperson to complete a state and federal criminal background check . The federal criminal background check requires applicants to provide fingerprints on fingerprint cards provided by AREC.
What happens after you turn in your fingerprints for real estate license in Arkansas?
During this process, they may reach out to you to provide additional information or documentation to clear up any findings. Information and documentation relating to the applicant’s background must be provided upon application for licensure.
How much does it cost to get a salesperson license?
Salesperson License applicants must submit all pages of a successful score report from the test, a license fee of $50, a recovery fund fee of $25, and a signed post-license requirement notice. The score report and fees must be received within 90 days of the examination date.
How much does it cost to take the AREC exam?
Make sure to include a cashier’s check or money order payable to “AREC” in the total amount of $86.25.This is the $50 application fee, $22 Arkansas criminal background check fee, and $14.25 FBI criminal background check fee.
What is the passing rate for real estate in Arkansas?
The passing rate for the Arkansas Real Estate Salesperson Exam is 70%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously. If you put the proper effort forth, we know that you can pass on your first attempt!
How many questions are asked in the Arkansas real estate exam?
The Arkansas Real Estate Exam consists of 110 questions. This includes 80 for the National section and 30 for the State section.
1. Complete a Pre-Licensing Course
The Arkansas Real Estate Commission requires new salesperson applicants to complete a 60-hour real estate education from an accredited provider.
2. Submit a Salesperson Application to AREC
To be approved to sit for the salesperson licensing exam, you need to submit an application to the AREC.
3. Pass the Licensing Exam
Once you receive the Certificate of Exam Eligibility from the commission, you can book a schedule with Pearson Vue, the testing service. You can either call their hotline or make an online reservation.
4. Submit Forms and Pay Fees to AREC
After passing the real estate salesperson licensing exam, you have 90 days to submit the following to the commission:
5. Arkansas Post-Licensing Education
The commission requires all new real estate salespersons to complete post-licensing education within six months after the initial license issuance date. The post-license requirement is 18 hours of classroom or online education.
Is it better to take real estate classes online or in-person?
We each have different preferences when it comes to learning, but for most people, taking real estate classes online is far better than in a classroom.
What is the best online real estate school in Arkansas?
The quick answer would be Real Estate Express. It has been around for decades and has established a solid reputation as one of the top online real estate schools in the country.
How to get a real estate license in Arkansas?
In order to get a real estate license in Arkansas, you must sign on with a broker. A broker is a real estate agent who manages other agents. By signing on with one, you will be able to learn the business and work under their umbrella.
What is the Arkansas real estate license exam?
The Arkansas real estate license exam is a comprehensive test that covers the material in the courses. Almost all of the real estate courses available are targeted for passing this exam specifically. This will help you feel prepared when test day comes.
How many hours do you need to be a real estate agent in Arkansas?
If you are 18 or up, you can take the classes to become a real estate agent in Arkansas. These classes will consist of 60 hours of classroom real estate education. In these classes, you will learn the basics of real estate like law, math skills and more.
Does Arkansas require a background check for real estate?
One of the things that sets Arkansas apart from other states in real estate is its background check. Not all states require it but it is one of the real estate license requirements in Arkansas. This means it will cost you a little extra and take a little more time to be issued your license.
Step 1: Be at Least 18 Years of Age
In addition to being at least 18 years of age, you must also be a US citizen or permanent resident alien and show proof of high school graduation or equivalent.
Step 2: Register for the 60 Hours of Required Education
You must successfully complete 60 hours of Arkansas Real Estate Commission (AREC)-approved real estate education. You can complete the 60-hour requirement with our approved education. Select the course that's right for you on the Arkansas Salesperson Licensing Course page.
Step 3: Complete Your Fingerprinting and Apply for your Real Estate License Examination
After you complete the 60 hours of required education, you can apply for your real estate exam. AREC requires that all applicants complete a background check and provide fingerprints. You must send in the completed application, completed fingerprint card, and the required fees (see AREC's website).
Step 4: Take the Arkansas and National Licensing Exam
You must successfully pass both the Arkansas and National portions of the Pearson Vue Salesperson Real Estate Exam. Registration and scheduling for the exam can be found on Pearson Vue. There are five exam locations in Arkansas, which can be found here. Be prepared on exam day with our exam prep QBank.
Step 5: Apply for Your Arkansas State License
After passing the exam, you must send the proper forms and fees to the Arkansas Real Estate Commission not later than 90 days after passing the exam. More information can be found on AREC's website. As a Kaplan Real Estate Education student, you can be confident that you are thoroughly prepared to pass the exam.
How do I get my real estate license in Arkansas?
To become licensed and appear on an Arkansas real estate license search:
How many hours of real estate education do you need to become a realtor in Arkansas?
You must complete 60 hours of real estate education approved by the Arkansas Real Estate Commission (AREC).
What are the continuing education requirements after getting my real estate license?
By the end of the sixth month after their initial date of licensure, new salespersons must have completed an 18-hour AREC post-licensure course. This 18-hour course is not available online.
How many questions are asked in the Arkansas real estate exam?
There are 80 questions on the national portion of the Arkansas Real Estate Salesperson Exam. An examinee must correctly answer 56 of the 80 questions in order to pass the exam (70% correct). The Arkansas Real Estate Salesperson exam should be completed in four hours.
How much does it cost to get a real estate license?
You must pay $50.00 for a licensing fee and a $25.00 Recovery Fund Fee for a real estate salesperson license. After passing the real estate examinations, you must pay the fees within 90 days. Also, you should pay a licensing fee of $70 and a $25.00 Recovery Fund Fee for a real estate broker license.
How many hours of continuing education is required in Arkansas?
In addition, by December 31, the state of Arkansas expects 7 hours of Continuing Education: 3 advertisement hours, 1 safety hour, and 3 elective hours.
