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Agency Representation Brochure - Arkansas Real Estate Commission - arec arkansas

Agency Representation Brochure - Arkansas Real Estate Commission - arec arkansas 2025

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The document provides guidance on the use of the Arkansas Real Estate Commission's Agency Representation pamphlet and disclosure form, clarifying that while it is not mandatory for real estate agents to use these tools, they can help ensure compliance with specific regulations. It explains the roles of real estate agents in representing sellers, buyers, or both (dual agency), and emphasizes the importance of disclosing agency relationships to all parties involved in a transaction.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can real estate agents discuss commission rates?

concerning commissions or fees must be unilateral, independent business decisions made solely within the brokers office, without consultation or discussion with anyone from other real estate brokerage firms. However, a broker may make pricing decisions based on the prices charged by competitors.

Can a felon be a realtor in Arkansas?

Can convicted felons get real estate license in Arkansas? The Arkansas Real Estate Commission will not approve licenses to individuals who have been convicted of a crime involving violence, fraud, dishonesty, untruthfulness, or untrustworthiness.

What stops you from being a realtor?

Certain Criminal Convictions In most circumstances, the various real estate commissions will suspend or revoke licenses on a case-by-case basis if an agent has committed a crime. Before you even get your license, most states require that you submit your criminal background.

What is agency representation in real estate?

Agency, which creates a legally binding relationship between the real estate agent and their client during the buying and selling process, is one of the most important aspects of the real estate profession. Because of agency, real estate agents to act in their clients best interest.

What can stop you from getting your real estate license?

Generally, the crimes that are more likely to preclude licensure involve fraud and deceit or crimes that cast doubt on the veracity of an applicant. Examples include forgery, theft, tax evasion, perjury and embezzlement. These wont necessarily bar licensure and the degree of the offense will be important.

Can you be a felon and be a realtor?

CaliforniaLike in North Carolina, the state of California requires any applicant to come clean about past misdemeanors or felony convictions. If you have a conviction for a violent crime, you might as well forget about a career in real estate.

What disqualifies you from being a real estate agent in Arkansas?

Several factors can disqualify an individual from becoming a real estate agent in Arkansas, such as having a felony conviction (especially those involving fraud, embezzlement, or other financial crimes), being convicted of misdemeanors related to theft or dishonesty, and providing false information on your license

How hard is the Arkansas real estate exam?

The passing rate of the real estate exam in Arkansas is about 70% for first-time takers. This implies that if 1,000 people take the exam, an average of 700 people are expected to pass. Note that this passing rate may be affected over time due to changes in the exam content and its difficulty level.

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