Getting into real estate can be both rewarding and challenging. It offers the opportunity to make an incredible living but it can also be one of the most challenging professions to be in. With that being said, if you’re reading this…chances are that you are thinking about getting your real estate license in Arkansas.
This guide will make getting your real estate license in Arkansas easy to understand. I’ll break down each step into simple tasks so you’ll feel prepared and confident on this exciting journey. Ready for more? Keep reading!
Step 1: Meet the Requirements
It’s important to meet the basic requirements before you can start getting a real estate license in Arkansas.
Let’s explore the requisites!
- Age requirement: You must be at least 18 years old to qualify for a real estate license in Arkansas.
- Residency requirement: Candidates must be legal residents of the US.
- Education requirement: To become a real estate agent in Arkansas, you must have a high school diploma or its equivalent.
Step 2: Complete Pre-Licensing Education
The next step is completing the required pre-licensing education. This basic education will give you the knowledge and skills to pass the licensing exam and succeed in your real estate career.
First, choose an accredited real estate school that is approved by the Arkansas Real Estate Commission (AREC).
Then, you must finish 60 hours of training before you can get your license. This course has important topics that will help you pass the licensing exam and your future job. Half of the course, which amounts to 30 hours, will focus on fundamental principles of real estate.
To make the most of your pre-licensing education, consider these tips and resources:
- Create a study schedule: Allocate specific times each day for studying and covering all the material.
- Use practice exams: Practice exams can help you learn how the licensing exam is organized and find areas where you need to study more.
- Join study groups: Working with other students can help you, motivate you, and give you new ideas on hard topics.
- Use online resources: Many real estate schools have online resources, like videos, webinars, and quizzes that help you learn. These resources can help you understand more easily.
- Stay organized: Keep your study materials, notes, and resources well-organized to streamline your study sessions and reduce stress.
Unlock 30% savings on your real estate classes! Take advantage of exclusive discounts and promotions on pre-licensing education to reduce costs. Start your real estate journey while saving money.
Step 3: Submit Your Background Check and Fingerprints
Schedule an appointment with the AREC-approved institution to have your fingerprints taken. Then, submit your fingerprints to the designated authorities to complete the background check. Once your background check is complete, submit all required forms and fees to the AREC. Ensure that all information is correct to avoid delays in your licensing process.
Step 4: Register and Prepare for the Arkansas Real Estate Exam
Register and prepare for the exam to test your knowledge of real estate principles and Arkansas-specific rules. Follow the AREC instructions carefully to ensure you meet all requirements and pay the necessary fees.
The Arkansas real estate license exams are developed and administered by Pearson VUE. The exams are done online on a computer. This makes the testing process easier and faster without needing paper materials.
Step 5: Submit Your Real Estate License Application
Once you have passed the real estate license exam, the next step is to submit your applications. This process involves getting the right paperwork and making sure all forms are filled out correctly, including:
- Proof of finishing school: Give a certificate that shows you have finished the required schooling before getting your license.
- Exam pass certificate: Include the official certificate that shows you have passed the Arkansas real estate exam.
- Pay the $50 application fee: Make a cashier’s check or money order payable to AREC.
- Background check results: Ensure you have the results of your background check.
Step 6: Find a Sponsoring Broker
To activate your real estate license and start practicing, you must work under a sponsoring broker. This sponsorship is crucial because it provides you with guidance, resources, and a network to help you succeed in your real estate career.
When choosing a sponsoring broker, consider these factors:
- Mentorship: Look for brokers who offer robust training and mentorship programs to help you develop your skills.
- Commission splits: Understand the commission structure and ensure it aligns with your financial goals.
- Environment: Choose a broker with a supportive and collaborative culture that matches your work style.
Schedule interviews with potential brokers to ask about their training programs, support systems, and expectations. This will help you make an informed decision and find the best fit for your career aspirations.
If you don’t know which brokerage is the right one for you…consider partnering with me in our top real estate brokerage.
Step 7: Complete Post-Licensing Education
To maintain your real estate license in Arkansas, you need to complete post-licensing education. The AREC requires new salespeople to complete 18 hours of classroom training within six months of obtaining their first license.
Takeaway
The real estate market in Arkansas offers great opportunities. To succeed in this dynamic industry, the first step is to obtain a real estate license. This will pave the way for a fulfilling career in buying and selling properties in the state.
This guide has made the process easier for you. It breaks each step down into manageable tasks to help you feel ready and confident. By following these steps, you will be well on your way to becoming a real estate agent in Arkansas.
Take the first step today and start your path to a successful real estate career in Arkansas!
FAQ
What are the basic requirements to get a real estate license in Arkansas?
To get a real estate license in Arkansas, you must be at least 18 years old, live in the US legally, and have a high school diploma.
How many hours of pre-licensing education are required?
Arkansas requires you to finish 60 hours of training before you can get your real estate license. You must go to a school that is approved by the Arkansas Real Estate Commission (AREC).
How do I complete the background check and fingerprinting process?
Schedule an appointment with an AREC-approved partner for fingerprinting. Submit your fingerprints and complete the background check. Once complete, send all required forms and fees to the AREC.
What documentation is needed to submit my real estate license application?
You will need proof of education completion, an exam pass certificate, background check results, and the application fee. Ensure all forms are accurately filled out and submitted to the AREC.
Why do I need a sponsoring broker, and how do I choose one?
A sponsoring broker is necessary to activate your license and provide guidance. When choosing a broker, consider factors like mentorship, commission splits, and office environment. Interview potential brokers to find the best fit for your career aspirations.
What are the post-licensing education requirements in Arkansas?
New salespersons in Arkansas are required to complete 18 hours of post-licensing education within six months of obtaining their initial license.