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AR HB1703
Bill
Status
3/5/2019
Primary Sponsor
Jim Dotson
Click for details
AI Summary
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Allows Arkansas real estate brokers and salespersons to choose between a one-year license requiring 4 hours of continuing education or a two-year license requiring 8 hours total (4 hours per year).
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Reduces annual continuing education requirement from 6-7 hours to 4 hours per year for each year of licensure.
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Requires continuing education to include minimum one classroom hour each on personal safety precautions, current marketing and advertising trends with regulatory compliance, and updates to contracts and real estate forms.
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Permits licensees choosing two-year licenses to complete all 8 required continuing education hours at any time during the two-year period rather than annually.
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Two-year license holders must pay the annual license renewal fee for both years of the license at the time of application.
Legislative Description
To Create A Two-year License Option; And To Require Four Hours Of Continuing Education Per Year Of The Term Of The License, To Include Personal Safety, Current Marketing Trends, And Real Estate Compliance.
Last Action
Recommended for study in the Interim by Joint Interim Committee on INSURANCE & COMMERCE- HOUSE
4/3/2019