Other Arkansas Statutory Requirements
Area III is 6% of the exam and gathers four subjects the outline lists separately: the duty to report violations, membership in a trade organization, time-shares, and real estate auctions.
Reporting Violations and Trade Organizations
Regulation 10.14 makes it the duty of every licensee 'to report in writing to the Commission any information coming to the licensee's knowledge which is or may be' a violation of the license law or the rules. The standard is 'is or may be', so certainty is not required. Trade association membership is separate from licensure: § 17-42-302(a) lists the issuance requirements exhaustively and membership is not among them, though Regulation 7.3(a) permits the marks REALTOR and REALTIST on a firm sign for those entitled to use them.
Time-Shares
The Arkansas Time-Share Law is Ark. Code Ann. § 18-14-101 et seq., administered by AREC. Regulation 13.4(a) gives a purchaser five days after execution to cancel a purchase from a developer, and the right 'shall not be waived'; if the fifth day falls on a Saturday, Sunday or legal holiday it extends to the next business day, and notice is effective when postmarked. The 'IMPORTANT NOTICE' attached in duplicate to the front of the public offering statement, in at least 10-point boldface, must state that all payments made before cancellation will be refunded within thirty days of receipt of the notice. Regulation 13.6 requires developers, brokers, acquisition agents and managing agents to keep transaction and escrow records for three years.
Auctions
Regulation 15.2(a) makes every real estate auction one with reserve 'unless the real estate is offered without reserve using explicit terms such as "absolute" or "without reserve"'. With reserve, the auctioneer may withdraw the property until announcing completion; absolute, the property cannot be withdrawn once bids are called unless no bid comes within a reasonable time, and the auction agreement must carry a 14-point boldface seller acknowledgment. Regulation 15.4 requires auction advertising to name the real estate firm and the auctioneer, and to disclose any buyer's premium both in all published advertising and before the auction starts. Regulation 15.7 prohibits rafter bids, puffing, shills and bid rigging; Regulation 15.6 makes the principal broker keep the auction records for three years.
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State-specific details
State exam facts
- State regulator
- Arkansas Real Estate Commission (AREC)
- Exam vendor
- Pearson VUE
- Prelicensing education
- 60 classroom hours within the prior 36 months, 45 of them the Commission-developed Broker Pre-License Course
- Passing score
- 70 (scaled)
- Scored questions
- 120
Who regulates real estate brokers in Arkansas?
The Arkansas Real Estate Commission (AREC) licenses principal brokers, executive brokers, associate brokers, and salespersons under the Arkansas Real Estate License Law, Ark. Code Ann. § 17-42-101 et seq., and the Commission Regulations. AREC contracts with Pearson VUE to deliver the licensing exams at test centers across Arkansas and at select military installations.
What education and experience do I need before the Arkansas broker exam?
AREC Regulation 4.1(a)(2) requires not less than 60 classroom hours completed within the 36 months immediately preceding the application, of which at least 45 must be in a course developed by the Commission — the Broker Pre-License Course, not merely a Commission-approved course. Ark. Code Ann. § 17-42-303(b)(1) adds the experience: an active, bona fide apprenticeship holding a valid salesperson license from AREC, or a salesperson or broker license from another state, for not less than 24 months within the previous 48-month period. Section 17-42-303(b)(2) allows the Commission to waive that experience for an applicant who has held an active broker license for at least 18 months or has 24 months of acceptable real-estate-related experience.
How is the Arkansas broker exam structured?
Unlike most states, Arkansas gives brokers a single UNIFIED examination rather than a national portion plus a state portion. Pearson VUE handbook #090400 (rev. June 2026): "The Arkansas Unified Real Estate Broker examination covers both general knowledge concepts, as well as Arkansas-specific content. The examination consists of 120 scored items and ten pretest (unscored) items." Because it is one-part comprehensive it cannot be divided into portions for reexamination — fail it and you retake the whole thing. The content outline effective December 1, 2025 publishes ten areas as percentages: Commission duties 4%, licensure 10%, other Arkansas statutes 6%, federal law 10%, broker operations 18%, agency 12%, property characteristics 10%, valuation 5%, contracts and financing 15%, property management 10%.
What score do I need, and how long do I get?
The Commission set a passing SCALED score of 70. That is not 70% correct: the handbook states the scaled score reported "is neither the number of questions answered correctly nor the percentage of questions answered correctly." Numeric scores are reported only to candidates who fail. The handbook publishes no per-exam time limit — its Quick Reference says only that you will have "two to four hours" to complete your exam, a range covering all five Arkansas real estate and property management exams. The exam fee is $75, paid to Pearson VUE at reservation.
Sources: https://www.pearsonvue.com/content/dam/VUE/vue/en/documents/publications/090400.pdf, https://arec.arkansas.gov/wp-content/uploads/AR-Real-Estate-License-Law-April-2026.pdf, https://arec.arkansas.gov/wp-content/uploads/2024-Commission-Regulations-04092025-LKA.pdf, https://arec.arkansas.gov/licensing/exam-information/
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