30 Clock Hours Post-Licensure (Broker)
And 18 Clock Hours Post-Licensure (Salesperson)
This course is approved by the Arkansas State Board of Private Career Education and the
Arkansas Real Estate Commission

Each module is 6 clock hours
Brokers must complete 30 clock  hours
Salespersons must complete 18 clock hours

Arkansas Real Estate Academy offers a complete course for Salespersons and Brokers for their required post-licensure needs. Each class has full class participation and encourages student discussions on class materials.

Brokers 30 Clock Hour Post-Licensure begins the last week of the month with the exceptions of  December.
3 days (Wednesday- Friday)        8:30am-5:30pm (1 hour lunch)

Cost:  Enrollment Fee(Refer to Refund Policy pg4)______________$50.00
Tuition (Refer Refund Policy pg4) ___________________________$150.00
Total Cost: _____________________________________________$200.00

Salespersons 18 Clock Hour post-Licensure begins the last week of every month with the exceptions of  December.
2 days (Thursday & Friday )     Both days 8:30 am - 5:30 pm (1 hour lunches)

Cost: Enrollment Fee (Refer to Refund Policy pg4)______________$50.00
Tuition (Refer to Refund Policy pg4)_________________________$100.00
Tuition includes books and handouts
Total Cost: _____________________________________________$150.00 

Enrollment requirements: Each applicant must complete and send the enrollment application and fee no later than 3 days before class start date.

• Copy of Current Arkansas Real Estate License Number
• Enrollment Application
• Enrollment Fee $50.00 (Refund Policy pg4)
• Tuition Fee must be paid on class start date. (Refund Policy pg4)

Certificate Requirements: ALL applicants must attend all required clock hours to receive a certificate. All clock hours missed must be completed. Arrangements may be made through school instructor for missed clock hours. 
 

Brokers and Salesperson Course Outline:

Module One: Practical Application of Agency and Disclosure (Salesperson & Brokers)

• Agency Relationships
• Agency Agreements and Dual Agency
• Agency in writing
• Disclosure of agency
• Define Clients/Customers duties
• Obligation of the Agency Relationship
• Dual Agency Agreements in writing
• Section 8 AREC Agency Brochures
• Failure to Disclose

Module Two: Real Estate Contracts (Salesperson & Brokers)

• Arkansas License Law and Commission Regulations
• Basic contract elements and requirements
• Agent Limitations when drafting a contract
• Formal Hearings and Complaints with AREC
• Principal Broker and Sales Agents Responsibilities

Module Three: From Contract to Closing (Broker and Salesperson)

• AREC Laws and Regulations concerning Closings
• Parties involved in closings
• HUD 1 Settlement Statement
• Addendums to Contract
• Components of a Closing
• Privacy Laws
• Meeting ALL the terms of the contract

Module Four: Agent and Broker Responsibility (Brokers ONLY)

• Responsibilities, Obligations, and Liabilities
• Brokers Responsibility regarding training agents the fundamentals & ethics
• Brokers staying up-to-date
• Brokers Disclosures
• Ethics and Fair Housing
• Agent Owned Properties
• Settlement Statement

Module Five: Real Estate Policies and Procedures (Brokers ONLY)

• Requirements for opening an office
• Policies & Procedures for Brokers and Salespersons
• Accounting and Record keeping
• Office Files
• Property Management & Agent Owned Property (AREC Requirements)
• Complaints and Disciplinary Actions regarding AREC
• Filing AREC complaints and Recovery Funds Awards

©2005 Arkansas Real Estate Academy
711 Pointer Trail | Van Buren, Arkansas 72956 | 479-471-5500

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