Arkansas License Law
A licensee who wishes to act as a property manager in Arkansas for third-party owners:
ANeeds only a contractor's license
BMust have a real estate license and operate under a principal broker✓ Correct
CIs exempt from licensing if managing fewer than 10 units
DMust obtain a separate property management certification from AREC
Explanation
Property management for others (third-party owners) for compensation requires a real estate license in Arkansas. The activity must be performed under a principal broker.
Related Arkansas Arkansas License Law Questions
- When a real estate licensee transfers to a new brokerage in Arkansas, what must happen to their license?
- In Arkansas, a salesperson applicant who fails the state licensing exam may retake it. How soon may they retake the exam?
- Which of the following describes 'commingling' as prohibited in Arkansas?
- A written brokerage agreement is REQUIRED in Arkansas when a broker represents:
- The Arkansas real estate licensing exam consists of how many questions, and what is the time limit?
- A person who performs real estate activities in Arkansas without a license is subject to:
- Which of the following is NOT a ground for disciplinary action by AREC?
- How many hours of pre-license education must an applicant complete before sitting for the Arkansas salesperson exam?
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →