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AR HB1924

Bill

Status

Failed

4/24/2019

Primary Sponsor

Jim Dotson

Click for details

Origin

House of Representatives

92nd General Assembly (2019 Regular)

AI Summary

  • Arkansas Real Estate Commission must conduct a feasibility study on adding an optional two-year real estate license, with completion and report due to House and Senate State Agencies committees by July 1, 2020.

  • Brokers and salespersons must complete 6-7 annual classroom hours of continuing education, with at least one hour focusing on personal safety precautions for real estate agents.

  • Continuing education must include training on current real estate marketing and advertising trends, compliance with state and federal regulations, and updates to contracts and real estate forms.

  • Commission may promulgate rules effective September 30, 2019 to add additional continuing education hours with no statutory maximum limit.

  • Post-licensure education requirements must be completed within six months after license issuance, or the license becomes inactive until documentation of completion is provided.

Legislative Description

Concerning Arkansas Real Estate Commission; To Require A Feasibility Study For A Two-year Real Estate License; To Amend Licensing Requirements; And To Require Specific Subjects Of Continuing Education.

Last Action

Died on House Calendar at Sine Die Adjournment

4/24/2019

Committee Referrals

Insurance and Commerce3/26/2019

Full Bill Text

No bill text available