Arkansas License Law
A licensee who fails to complete required continuing education before renewal in Arkansas will:
AHave their license automatically suspended for one year
BBe unable to renew their license until the CE requirement is satisfied✓ Correct
CPay a fine to AREC but continue practicing
DReceive a grace period of 90 days to complete the remaining hours
Explanation
A licensee who fails to complete required continuing education hours before the renewal deadline cannot renew their Arkansas real estate license until all CE requirements are met.
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Key Terms to Know
Escrow
A neutral third-party arrangement where funds, documents, and instructions are held until all conditions of a real estate transaction are satisfied.
ProrationThe division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
State-Specific Concepts
Continuing EducationAREC Regulation
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