Arkansas Real Estate Exam Info

What is required to get a license?

For salespersons:

  • Proof of age 18 and above.
  • Proof of completion of 60 hours pre license education.
  • Complete and pass the real estate examination.
  • Complete the rel="nofollow" target="_blank" href=" form and submit to the Arkansas Real Estate Commission.
  • You will go through an Arkansas criminal background check and FBI criminal background check once you submit the form.
  • Fees: Examination Fees (Salesperson: $75) License (Salesperson: $85 which include the background check fee).

For brokers:

  • Proof of age 18 and above.
  • Proof of completion of 60 hours pre license education.
  • You must have been licensed as a real estate salesperson for at least 24 months within the previous 48 month period.
  • Once you submit the certificate of your education completion and the experience form, you will be approved by the commission and receive a Certificate of Examination Eligibility which you can use to schedule your exam.
  • Complete and pass the real estate examination.
  • Complete the rel="nofollow" target="_blank" href=" form and submit to the Arkansas Real Estate Commission.
  • You will go through an Arkansas criminal background check and FBI criminal background check once you submit the form.
  • Fees: Examination Fees (Broker: $75) License (broker: $85 which include the background check fee).

What score do I need to pass?

The salesperson exam consists of two portions, the national portion and the state related portion. To determine a score, a statistical procedure known as equating is used to correct for differences in form difficulty. The passing score of an examination was set after a comprehensive study. The examination score is reported as a scaled score on a scale of 0-100, but it should not be interpreted as the percentage or number of questions answered correctly. With a passing score of 70, any score below 70 indicates how close the candidate came to passing, and not the actual number or percentage of questions answered correctly.

The broker exam consists of only one portion. Equating is also used to calculate the score of the broker exam, the passing score is 75.

You will receive your score immediately after you complete your exam.

How much time do I have to complete the exam?

  • For the salesperson exam: you are allowed a total of 4 hours.

  • For the broker exam: you are allowed a total of 4 hours.

What should I bring with me for the exam?

  • 2 Forms of identification with matching names, non-expired and containing a valid signature. (Driver’s license, passport, green card, U.S. social security card, debit or credit card with signature). One of them must be government issued and photo bearing.

What is the format of the exam?

The exam is given on a computer.

What is on the exam?

The general exam for salespersons consists of the following topics:

  • Real property characteristics, definitions, ownership, restrictions, and transfer
  • Property valuation
  • Contracts and relationships with buyers and sellers
  • Property conditions and disclosures
  • Risk management
  • Federal laws governing real estate activities
  • Financing the transaction and settlement
  • Leases, rents, and property management
  • Brokerage operations
  • Advertising
  • Ethical and legal business practices

The state related portion of the salesperson exam consists of the following topics:

  • Duties and powers of the real estate commission
  • Licensing requirements
  • Statutory requirements governing the activities of licensees
  • Other statutory requirements
  • Agency relationships and disclosures

The broker exam consists of the following topics:

  • Duties and authority of the real estate commission
  • Arkansas statutory requirements governing licensure
  • Other Arkansas statutory requirements governing real estate
  • Federal laws governing real estate activities
  • Broker operations and responsibilities
  • Client and customer relationships and agency disclosures
  • Real property characteristics, legal descriptions, condition and inspection
  • Property valuation and the appraisal process
  • Contracts, financing and settlement
  • Property management

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