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AR HB1924
Bill
Status
4/24/2019
Primary Sponsor
Jim Dotson
Click for details
AI Summary
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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.
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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.
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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.
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Commission may promulgate rules effective September 30, 2019 to add additional continuing education hours with no statutory maximum limit.
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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