Arkansas requires you to complete a 60 hour real estate course and pass a state licensing exam. Once you are affiliated with a brokerage, you can become a licensed real estate agent. While this may seem overwhelming, once you have obtained your license, you can still succeed in your realty career.
Steps to obtain your Arkansas Real Estate License
You must complete a 60-hour course with an accredited provider to get your realty license. This can be completed either in a classroom environment or online, depending on what you prefer. The online option allows you to be more flexible with your time and also helps you gain a better knowledge of the industry.
Once you have completed your prelicensing education, it is time to submit an application for real estate licensing exams with the Arkansas Real Estate Commission. This is a complex process that requires background checks and fingerprinting. Once you have met all requirements, the AREC will issue you a Certificate of Examination Eligibility.
The state exam is administered by Pearson VUE, a global testing company. You'll need to register and pay. You can find additional information about the exam at the AREC site and on Pearson VUE's official website.
The next step is to submit your application and any other forms to AREC together with your fees. Once you've completed these forms, AREC will send you your Certificate of Examination eligibility. The official Pearson VUE website allows you to schedule your exam and pay using a credit or debit card, an electronic check, or a voucher.
Additional information will be needed, including a photocopy. A fingerprint card can also be submitted, which is provided to you by the AREC.
Online courses are a good option if you're looking to save time or money. Many schools offer classes online and in-person. It's easy to fit your schedule.
National School of Real Estate is a great option for Arkansas online real estate classes. It's located in Little Rock. The instructors have been described as enthusiastic and helpful by those who have taken these classes. They also have a variety of course options, including livestream and self-paced classes.
Arkansas Real Estate School is another popular option. It offers both livestreamed and self-paced classes. Students who wish to learn directly from experts in the field and be able to interact with them are welcome to enroll.
These classes are ideal for people who don't have the time or desire to learn quickly. They are affordable and offer great customer support.
The final step in the process involves sitting for the real-estate licensing exam. The exam takes place at various locations throughout the state. It can be found in Little Rock or Springdale. Pearson VUE is the global testing company that administers the real-estate license exam. The official Pearson VUE website allows you to schedule your test and you will receive a Candidate Fact sheet with all the details you need.
FAQ
Is it possible sell a house quickly?
It may be possible to quickly sell your house if you are moving out of your current home in the next few months. But there are some important things you need to know before selling your house. First, you will need to find a buyer. Second, you will need to negotiate a deal. Second, prepare the house for sale. Third, advertise your property. Finally, you need to accept offers made to you.
Can I purchase a house with no down payment?
Yes! There are many programs that can help people who don’t have a lot of money to purchase a property. These programs include FHA loans, VA loans. USDA loans and conventional mortgages. You can find more information on our website.
What are the 3 most important considerations when buying a property?
The three most important factors when buying any type of home are location, price, and size. Location refers to where you want to live. The price refers to the amount you are willing to pay for the property. Size refers how much space you require.
What is reverse mortgage?
Reverse mortgages are a way to borrow funds from your home, without having any equity. It works by allowing you to draw down funds from your home equity while still living there. There are two types: government-insured and conventional. You must repay the amount borrowed and pay an origination fee for a conventional reverse loan. If you choose FHA insurance, the repayment is covered by the federal government.
Should I use a mortgage broker?
A mortgage broker may be able to help you get a lower rate. Brokers can negotiate deals for you with multiple lenders. However, some brokers take a commission from the lenders. Before signing up for any broker, it is important to verify the fees.
Statistics
- This seems to be a more popular trend as the U.S. Census Bureau reports the homeownership rate was around 65% last year. (fortunebuilders.com)
- Some experts hypothesize that rates will hit five percent by the second half of 2018, but there has been no official confirmation one way or the other. (fortunebuilders.com)
- Over the past year, mortgage rates have hovered between 3.9 and 4.5 percent—a less significant increase. (fortunebuilders.com)
- Private mortgage insurance may be required for conventional loans when the borrower puts less than 20% down.4 FHA loans are mortgage loans issued by private lenders and backed by the federal government. (investopedia.com)
- This means that all of your housing-related expenses each month do not exceed 43% of your monthly income. (fortunebuilders.com)
External Links
How To
How to become an agent in real estate
To become a real estate agent, the first step is to take an introductory class. Here you will learn everything about the industry.
Next, you will need to pass a qualifying exam which tests your knowledge about the subject. This requires studying for at minimum 2 hours per night over a 3 month period.
You are now ready to take your final exam. In order to become a real estate agent, your score must be at least 80%.
These exams are passed and you can now work as an agent in real estate.