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Arkansas Real Estate Salesperson — Requirements & Free Practice

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Real Estate Salesperson License

Arkansas salesperson licensure under a principal broker; active and inactive status belong to the same statutory salesperson license.

Licensing authority: Arkansas Real Estate Commission · Application information

Annual renewal — active license
No examination is required for this applicant pathway.
CEWaiver
The Executive Director may waive reactivation CE for extenuating circumstances, health concerns or restrictions, or achievements. A salesperson may apply for exemption on proof of age 72 or older in the immediately preceding year, at least 25 consecutive years of active Arkansas salesperson or associate-broker licensure, and no disciplinary action or delinquent CE during the preceding five years.
Continuing Education
For active status, complete seven hours of approved CE annually, including one hour of personal safety.
Other Conditions
Comply with any applicable disciplinary restrictions and continuing-education conditions.
Renewal Deadline
Licenses normally expire December 31; submit the renewal application and fee by September 30 to avoid the expired-license fee.
Service Extension
For a deployed uniformed service member or spouse, expiration and education exemptions extend until 180 days after return from deployment.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement of expired license within the permitted one year period
No examination is required for this applicant pathway.
Examination
A.C.A. § 17-42-307(f) expressly provides reinstatement without an examination within the Commission-established period.
Fees And Information
Pay required fees and supply the additional information the Commission requires.
Lapse Limit
Reapply within one year of the last calendar year in which the license was renewed.
Status
The license may be reinstated as active or inactive; active issuance requires satisfactory CE under Regulation 6.2, with the expired year counted as inactive.

Official no-examination sources

Effective from 2026-09-22.

Reapplication after prior Arkansas licensure — examination subject to waiver
Conduct And Background
Pay the application fee, comply with the criminal background-check requirements, submit an affidavit of no unprofessional conduct and no suspended or probationary professional license, and supply requested disciplinary and litigation information.
Education Exemption
Returning salesperson applicants need not repeat pre-license education already covered by Regulation 4.1(d)(4).
Exam Waiver
The Executive Director may waive all or part of the salesperson examination, considering the length of prior licensure and elapsed time since it was held. The national and Arkansas law examinations remain route leaves because either may be required.
General Statutory Eligibility
A.C.A. § 17-1-107 reduced requirements require prior Arkansas licensure in good standing, no bad-faith or law/rule/ethics revocation, no suspended or probationary license in any jurisdiction, competence, and payment of the reinstatement fee.
Previous License
Previously held an Arkansas real estate salesperson license; apply through the reinstatement guidelines if outside the short-lapse reinstatement period.
Remaining Requirements
Except for the stated reductions, comply with the other Regulation 4.1 requirements; the Commission may require competency evidence under A.C.A. § 17-1-107(b).
Waived Exam Continuing Education
If exempted from the exam, submit nine hours of approved CE for each expired year, capped at 30 classroom hours.
Initial licensure with general exam waiver — currently licensed applicant
Arkansas Real Estate Salesperson Examination — Arkansas Law Portion
Age
At least 18 years of age; provide satisfactory proof of attaining the age of majority.
Application Approval
Submit Commission application forms, requested information and fees; receive authorization before registering for examinations.
Approved Prior General Exam
Have passed a uniform, general or multi-state real estate examination part that the Commission determines meets generally acceptable testing standards; the other jurisdiction must require a passing grade at least as high as Arkansas’s general part. The provision does not identify a particular vendor or registered nationwide examination, so this approval slot is recorded as an applicant condition.
Background Check
Supply the state and federal criminal background-check authorization, fingerprints and required fees. The Commission must receive and approve the checks before issuing a license.
Broker Affiliation
Practice under the supervision of an Arkansas-licensed principal or executive broker; affiliation with a principal broker is required for active practice.
Conduct
Provide an affidavit of no unprofessional conduct and disclose professional licenses, formal disciplinary actions, and fraud, deceit, dishonesty, misrepresentation or conversion litigation or judgments as requested.
Current License
Hold a real estate license in the jurisdiction of the approved prior examination at the time of taking the Arkansas exam.
Documentation
Furnish the documentation of entitlement that the Commission requires.
Education
Complete at least 60 classroom hours or approved distance education, including at least 30 hours of basic real estate principles; submit acceptable proof of completion from an authorized provider.
General Waiver
The rules require only the Arkansas law part when the stated conditions are met; obtain the Commission determination of eligibility.
Issuance Deadline
Submit the prescribed license-issuance forms and license and Recovery Fund fees within 90 days after passing; the Commission may extend the deadline when the federal background report has not arrived. Failure invalidates examination results and requires a new application and reexamination.
Nonresident Compliance
If residing outside Arkansas, satisfy the nonresident undertakings in A.C.A. § 17-42-305.
Passing Score
Pass the Arkansas law exam with a minimum scaled score of 70.
Post License Education
Complete the 18-hour salesperson post-license course within the first six months of licensure; the rules specify receipt by the end of the month six months following initial licensure. Failure places the license on inactive status until completion.
Reputation
Demonstrate a good reputation for honesty, trustworthiness and integrity sufficient to safeguard the public, as required by A.C.A. § 17-42-302(a)(6).
Initial licensure with general exam waiver — recent passing score without current license
Arkansas Real Estate Salesperson Examination — Arkansas Law Portion
Age
At least 18 years of age; provide satisfactory proof of attaining the age of majority.
Application Approval
Submit Commission application forms, requested information and fees; receive authorization before registering for examinations.
Approved Prior General Exam
Have passed a uniform, general or multi-state real estate examination part that the Commission determines meets generally acceptable testing standards; the other jurisdiction must require a passing grade at least as high as Arkansas’s general part. The provision does not identify a particular vendor or registered nationwide examination, so this approval slot is recorded as an applicant condition.
Background Check
Supply the state and federal criminal background-check authorization, fingerprints and required fees. The Commission must receive and approve the checks before issuing a license.
Broker Affiliation
Practice under the supervision of an Arkansas-licensed principal or executive broker; affiliation with a principal broker is required for active practice.
Conduct
Provide an affidavit of no unprofessional conduct and disclose professional licenses, formal disciplinary actions, and fraud, deceit, dishonesty, misrepresentation or conversion litigation or judgments as requested.
Documentation
Furnish the documentation of entitlement that the Commission requires.
Education
Complete at least 60 classroom hours or approved distance education, including at least 30 hours of basic real estate principles; submit acceptable proof of completion from an authorized provider.
General Waiver
The rules require only the Arkansas law part when the stated conditions are met; obtain the Commission determination of eligibility.
Issuance Deadline
Submit the prescribed license-issuance forms and license and Recovery Fund fees within 90 days after passing; the Commission may extend the deadline when the federal background report has not arrived. Failure invalidates examination results and requires a new application and reexamination.
Nonresident Compliance
If residing outside Arkansas, satisfy A.C.A. § 17-42-305.
Passing Score
Pass the Arkansas law exam with a minimum scaled score of 70.
Post License Education
Complete the 18-hour salesperson post-license course within the first six months of licensure; the rules specify receipt by the end of the month six months following initial licensure. Failure places the license on inactive status until completion.
Prior Score Window
Without current licensure, the approved uniform, general or multi-state part must have been passed within six months before the month in which the applicant takes and passes the Arkansas law part.
Reputation
Demonstrate a good reputation for honesty, trustworthiness and integrity sufficient to safeguard the public, as required by A.C.A. § 17-42-302(a)(6).
Annual renewal — inactive license
No examination is required for this applicant pathway.
Deadline
Submit the renewal application and fees by September 30 to avoid the expired-license fee; ordinary expiration is December 31.
Education
No annual continuing education is required during inactive status; education requirements apply when seeking reactivation.
Practice Restriction
Do not practice as a salesperson while the license is inactive.
Renewal Application
Request inactive renewal on Commission forms and pay the same renewal fee as for active status.

Official no-examination sources

Effective from 2026-09-22.

Initial licensure by examination — nonresident
Age
At least 18 years of age; provide satisfactory proof of attaining the age of majority.
Application Approval
Submit Commission application forms, requested information and fees; receive authorization before registering for examinations.
Background Check
Supply the state and federal criminal background-check authorization, fingerprints and required fees. The Commission must receive and approve the checks before issuing a license.
Broker Affiliation
Practice under the supervision of an Arkansas-licensed principal or executive broker; affiliation with a principal broker is required for active practice.
Conduct
Provide an affidavit of no unprofessional conduct and disclose professional licenses, formal disciplinary actions, and fraud, deceit, dishonesty, misrepresentation or conversion litigation or judgments as requested.
Education
Complete at least 60 classroom hours or approved distance education, including at least 30 hours of basic real estate principles; submit acceptable proof of completion from an authorized provider.
Fingerprints
Nonresident applicants submit an applicant fingerprint card and license histories from all jurisdictions in which they have held real estate licenses.
Issuance Deadline
Submit the prescribed license-issuance forms and license and Recovery Fund fees within 90 days after passing; the Commission may extend the deadline when the federal background report has not arrived. Failure invalidates examination results and requires a new application and reexamination.
Nonresident Undertakings
Pay required fees; sign that the license law and rules have been read and will be obeyed; affiliate with an Arkansas-licensed principal broker; supply licensing-body certifications and disciplinary records, where applicable; designate the Executive Director as process agent and agree in writing to cooperate with Commission investigations.
Partial Pass
Pass the remaining failed examination part within six months to retain credit for the part already passed.
Passing Scores
Minimum scaled score of 70 on the general exam and 70 on the Arkansas law exam.
Post License Education
Complete the 18-hour salesperson post-license course within the first six months of licensure; the rules specify receipt by the end of the month six months following initial licensure. Failure places the license on inactive status until completion.
Reputation
Demonstrate a good reputation for honesty, trustworthiness and integrity sufficient to safeguard the public, as required by A.C.A. § 17-42-302(a)(6).
Residence
The applicant resides outside Arkansas and applies under A.C.A. § 17-42-305(a)(1)(A).
Initial licensure by examination — Arkansas resident
Age
At least 18 years of age; provide satisfactory proof of attaining the age of majority.
Application Approval
Submit Commission application forms, requested information and fees; receive authorization before registering for examinations.
Background Check
Supply the state and federal criminal background-check authorization, fingerprints and required fees. The Commission must receive and approve the checks before issuing a license.
Broker Affiliation
Practice under the supervision of an Arkansas-licensed principal or executive broker; affiliation with a principal broker is required for active practice.
Conduct
Provide an affidavit of no unprofessional conduct and disclose professional licenses, formal disciplinary actions, and fraud, deceit, dishonesty, misrepresentation or conversion litigation or judgments as requested.
Education
Complete at least 60 classroom hours or approved distance education, including at least 30 hours of basic real estate principles; submit acceptable proof of completion from an authorized provider.
Fingerprint Instruction
IMPORTANT NOTE FOR ARKANSAS RESIDENTS: Do NOT have fingerprints made until you receive an email from AREC authorizing you to do so.
Issuance Deadline
Submit the prescribed license-issuance forms and license and Recovery Fund fees within 90 days after passing; the Commission may extend the deadline when the federal background report has not arrived. Failure invalidates examination results and requires a new application and reexamination.
Partial Pass
A passed part need not be retaken if the failed part is passed within six months; otherwise both parts must be retaken.
Passing Scores
Pass the general and Arkansas law exams with a minimum scaled score of 70 on each.
Post License Education
Complete the 18-hour salesperson post-license course within the first six months of licensure; the rules specify receipt by the end of the month six months following initial licensure. Failure places the license on inactive status until completion.
Reputation
Demonstrate a good reputation for honesty, trustworthiness and integrity sufficient to safeguard the public, as required by A.C.A. § 17-42-302(a)(6).
Residence
Arkansas resident; do not have digital fingerprints made until receiving the Commission authorization email.
Automatic licensure — uniformed service member, veteran or eligible spouse
No examination is required for this applicant pathway.
Documentation
Submit evidence of qualifying military status and pay the initial licensure fee.
Other Jurisdiction License
Hold in good standing a license with a similar scope of practice issued by another U.S. state, territory or district; submit evidence of that license.
Qualifying Military Status
Uniformed service member stationed in Arkansas; a veteran discharged other than dishonorably who resides in or establishes Arkansas residency; or an eligible spouse under Regulation 4.5(a), including an excluded-tour spouse relocating to Arkansas or a surviving spouse establishing residency.

Official no-examination sources

Effective from 2026-09-22.

Expedited initial licensure — military applicant without a qualifying current license
Age
At least 18 years of age; provide satisfactory proof of attaining the age of majority.
Application Approval
Submit Commission application forms, requested information and fees; receive authorization before registering for examinations.
Automatic Route
A holder of a qualifying license in good standing can instead use automatic military licensure under Regulation 4.5.
Background Check
Supply the state and federal criminal background-check authorization, fingerprints and required fees. The Commission must receive and approve the checks before issuing a license.
Broker Affiliation
Practice under the supervision of an Arkansas-licensed principal or executive broker; affiliation with a principal broker is required for active practice.
Conduct
Provide an affidavit of no unprofessional conduct and disclose professional licenses, formal disciplinary actions, and fraud, deceit, dishonesty, misrepresentation or conversion litigation or judgments as requested.
Education
Complete at least 60 classroom hours or approved distance education, including at least 30 hours of basic real estate principles; submit acceptable proof of completion from an authorized provider.
Expedited Processing
The Commission must expedite initial licensure under A.C.A. § 17-4-106(b)(1).
Issuance Deadline
Submit the prescribed license-issuance forms and license and Recovery Fund fees within 90 days after passing; the Commission may extend the deadline when the federal background report has not arrived. Failure invalidates examination results and requires a new application and reexamination.
Military Status
Uniformed service member stationed in Arkansas; a veteran discharged other than dishonorably who resides in or establishes Arkansas residency; or an eligible spouse under Regulation 4.5(a), including an excluded-tour spouse relocating to Arkansas or a surviving spouse establishing residency.
Post License Education
Complete the 18-hour salesperson post-license course within the first six months of licensure; the rules specify receipt by the end of the month six months following initial licensure. Failure places the license on inactive status until completion.
Reputation
Demonstrate a good reputation for honesty, trustworthiness and integrity sufficient to safeguard the public, as required by A.C.A. § 17-42-302(a)(6).
Service Training Credit
Under A.C.A. § 17-4-107, accept relevant and applicable service education, training or credentials for service members and veterans applying within one year after discharge.
Application for a new license following revocation
Age
At least 18 years of age; provide satisfactory proof of attaining the age of majority.
Application Approval
Submit Commission application forms, requested information and fees; receive authorization before registering for examinations.
Background Check
Supply the state and federal criminal background-check authorization, fingerprints and required fees. The Commission must receive and approve the checks before issuing a license.
Broker Affiliation
Practice under the supervision of an Arkansas-licensed principal or executive broker; affiliation with a principal broker is required for active practice.
Conduct
Provide the returning-applicant affidavit of no unprofessional conduct and no suspended or probationary professional license, and requested disciplinary and litigation information under Regulation 4.1(d)(5); the Commission determines eligibility following revocation.
Education
Regulation 4.1(d)(4) exempts applicants who previously held an Arkansas salesperson license from pre-license education; comply with the remaining applicable original-license requirements.
Exam Waiver
Regulation 4.1(d)(6) permits the Executive Director to waive all or part of the salesperson exam for an applicant who previously held an Arkansas salesperson license; the applicable decision is a condition, not a no-exam finding.
Issuance Deadline
Submit the prescribed license-issuance forms and license and Recovery Fund fees within 90 days after passing; the Commission may extend the deadline when the federal background report has not arrived. Failure invalidates examination results and requires a new application and reexamination.
New Application
This is eligibility to apply for a new license, not automatic restoration; satisfy original-license requirements and demonstrate fitness.
Post License Education
Complete the 18-hour salesperson post-license course within the first six months of licensure; the rules specify receipt by the end of the month six months following initial licensure. Failure places the license on inactive status until completion.
Reduced Reinstatement Limit
The A.C.A. § 17-1-107 reduced-reinstatement pathway excludes bad-faith and law, rule or ethics revocations.
Reputation
Demonstrate a good reputation for honesty, trustworthiness and integrity sufficient to safeguard the public, as required by A.C.A. § 17-42-302(a)(6).
Revocation Waiting Period
A licensee whose license is revoked under A.C.A. § 17-42-311 may apply for a new license only after two years from the revocation date.
Nonresident licensure by reciprocal credentials
No examination is required for this applicant pathway.
Background Check
Supply fingerprints, criminal-background forms and fees; the Commission must receive and approve criminal background reports before issuance.
Current Active License
Provide satisfactory proof of current active licensure in the resident jurisdiction.
Exam Boundary
This route uses A.C.A. § 17-42-305(a)(1)(B), the active-licensure alternative to satisfying § 17-42-302. Its statutory and implementing requirements do not require the Arkansas or general examination. The general-exam-waiver route under Regulation 4.2(d) is a separate pathway.
Nonresident Undertakings
Pay required fees; sign that the license law and rules have been read and will be obeyed; affiliate with an Arkansas-licensed principal broker; supply licensing-body certifications and disciplinary records, where applicable; designate the Executive Director as process agent and agree in writing to cooperate with Commission investigations.
Reciprocity Determination
The Commission must determine that the jurisdiction gives Arkansas licensees substantially comparable opportunities and may deny this pathway if its education or experience requirements are not at least equal to Arkansas’s.

Official no-examination sources

Effective from 2026-09-22.

Reactivation of inactive salesperson license
No examination is required for this applicant pathway.
CEWaiver
The Executive Director may waive reactivation CE for extenuating circumstances, health concerns or restrictions, or achievements. A salesperson may apply for exemption on proof of age 72 or older in the immediately preceding year, at least 25 consecutive years of active Arkansas salesperson or associate-broker licensure, and no disciplinary action or delinquent CE during the preceding five years.
Activation Application
Submit the required fee and other requested information and affiliate with a principal broker for active practice.
Continuing Education
For active status, complete seven hours of approved CE annually, including one hour of personal safety.
Other Conditions
Comply with any applicable disciplinary restrictions and continuing-education conditions.
Post License Deficiency
If placed inactive for missing post-license education, first submit satisfactory proof of completion of the required post-license course.
Reactivation Education
Complete seven hours of approved CE for each inactive year, capped at 30 classroom hours, including one safety hour. Complete those hours in the activation year or immediately preceding year; activation credit does not satisfy the next license year.
Renewal Deadline
Licenses normally expire December 31; submit the renewal application and fee by September 30 to avoid the expired-license fee.
Service Extension
For a deployed uniformed service member or spouse, expiration and education exemptions extend until 180 days after return from deployment.

Official no-examination sources

Effective from 2026-09-22.

Temporary or Provisional Real Estate Salesperson License — Uniformed Service Applicants

Temporary or provisional authorization while expedited initial licensure is processed under A.C.A. § 17-4-106(b).

Licensing authority: Arkansas Real Estate Commission · Application information

Expedited initial military licensure — temporary or provisional authorization
Application Documentation
Submit the required documentation and satisfy the Commission’s applicable conduct, background-check and fee requirements.
Military Status
Uniformed service member stationed in Arkansas; a veteran discharged other than dishonorably who resides in or establishes Arkansas residency; or an eligible spouse under Regulation 4.5(a), including an excluded-tour spouse relocating to Arkansas or a surviving spouse establishing residency.
Ordinary Qualifications
Complete at least 60 classroom hours or approved distance education, including at least 30 hours of basic real estate principles; submit acceptable proof of completion from an authorized provider.
Registered Examinations
The identified examinations applicable to salesperson initial licensure are the Pearson general and Arkansas law exams; retain them even when a qualifying applicant receives authorization based on documentation.
Service Training Credit
Under A.C.A. § 17-4-107, accept relevant and applicable service education, training or credentials for service members and veterans applying within one year after discharge.
Temporary Eligibility
A.C.A. § 17-4-106(b)(2) directs temporary or provisional issuance upon receipt of required documentation or successful completion of any examination required by the licensing entity. The documentation alternative and the Commission determination are applicant conditions.

Temporary Interim Real Estate Salesperson License

Interim authorization pending the permanent salesperson license and pocket card, for no more than 30 days, including qualifying transfers.

Licensing authority: Arkansas Real Estate Commission · Application information

Temporary interim authorization — Reinstatement of expired license within the permitted one year period
No examination is required for this applicant pathway.
Examination
A.C.A. § 17-42-307(f) expressly provides reinstatement without an examination within the Commission-established period.
Fees And Information
Pay required fees and supply the additional information the Commission requires.
Interim Issuance
The Commission may issue a temporary interim license pending the permanent license and pocket card under Regulation 7.2; maximum duration is 30 days.
Lapse Limit
Reapply within one year of the last calendar year in which the license was renewed.
Status
The license may be reinstated as active or inactive; active issuance requires satisfactory CE under Regulation 6.2, with the expired year counted as inactive.
Underlying Pathway
Meet the applicable requirements of this underlying salesperson issuance or restoration pathway. Examination passes before issuance remain examination leaves.

Official no-examination sources

Effective from 2026-09-22.

Temporary interim authorization — Reapplication after prior Arkansas licensure — examination subject to waiver
Conduct And Background
Pay the application fee, comply with the criminal background-check requirements, submit an affidavit of no unprofessional conduct and no suspended or probationary professional license, and supply requested disciplinary and litigation information.
Education Exemption
Returning salesperson applicants need not repeat pre-license education already covered by Regulation 4.1(d)(4).
Exam Waiver
The Executive Director may waive all or part of the salesperson examination, considering the length of prior licensure and elapsed time since it was held. The national and Arkansas law examinations remain route leaves because either may be required.
General Statutory Eligibility
A.C.A. § 17-1-107 reduced requirements require prior Arkansas licensure in good standing, no bad-faith or law/rule/ethics revocation, no suspended or probationary license in any jurisdiction, competence, and payment of the reinstatement fee.
Interim Issuance
The Commission may issue a temporary interim license pending the permanent license and pocket card under Regulation 7.2; maximum duration is 30 days.
Previous License
Previously held an Arkansas real estate salesperson license; apply through the reinstatement guidelines if outside the short-lapse reinstatement period.
Remaining Requirements
Except for the stated reductions, comply with the other Regulation 4.1 requirements; the Commission may require competency evidence under A.C.A. § 17-1-107(b).
Underlying Pathway
Meet the applicable requirements of this underlying salesperson issuance or restoration pathway. Examination passes before issuance remain examination leaves.
Waived Exam Continuing Education
If exempted from the exam, submit nine hours of approved CE for each expired year, capped at 30 classroom hours.
Temporary interim authorization — Initial licensure with general exam waiver — currently licensed applicant
Arkansas Real Estate Salesperson Examination — Arkansas Law Portion
Age
At least 18 years of age; provide satisfactory proof of attaining the age of majority.
Application Approval
Submit Commission application forms, requested information and fees; receive authorization before registering for examinations.
Approved Prior General Exam
Have passed a uniform, general or multi-state real estate examination part that the Commission determines meets generally acceptable testing standards; the other jurisdiction must require a passing grade at least as high as Arkansas’s general part. The provision does not identify a particular vendor or registered nationwide examination, so this approval slot is recorded as an applicant condition.
Background Check
Supply the state and federal criminal background-check authorization, fingerprints and required fees. The Commission must receive and approve the checks before issuing a license.
Broker Affiliation
Practice under the supervision of an Arkansas-licensed principal or executive broker; affiliation with a principal broker is required for active practice.
Conduct
Provide an affidavit of no unprofessional conduct and disclose professional licenses, formal disciplinary actions, and fraud, deceit, dishonesty, misrepresentation or conversion litigation or judgments as requested.
Current License
Hold a real estate license in the jurisdiction of the approved prior examination at the time of taking the Arkansas exam.
Documentation
Furnish the documentation of entitlement that the Commission requires.
Education
Complete at least 60 classroom hours or approved distance education, including at least 30 hours of basic real estate principles; submit acceptable proof of completion from an authorized provider.
General Waiver
The rules require only the Arkansas law part when the stated conditions are met; obtain the Commission determination of eligibility.
Interim Issuance
The Commission may issue a temporary interim license pending the permanent license and pocket card under Regulation 7.2; maximum duration is 30 days.
Issuance Deadline
Submit the prescribed license-issuance forms and license and Recovery Fund fees within 90 days after passing; the Commission may extend the deadline when the federal background report has not arrived. Failure invalidates examination results and requires a new application and reexamination.
Nonresident Compliance
If residing outside Arkansas, satisfy the nonresident undertakings in A.C.A. § 17-42-305.
Passing Score
Pass the Arkansas law exam with a minimum scaled score of 70.
Post License Education
Complete the 18-hour salesperson post-license course within the first six months of licensure; the rules specify receipt by the end of the month six months following initial licensure. Failure places the license on inactive status until completion.
Reputation
Demonstrate a good reputation for honesty, trustworthiness and integrity sufficient to safeguard the public, as required by A.C.A. § 17-42-302(a)(6).
Underlying Pathway
Meet the applicable requirements of this underlying salesperson issuance or restoration pathway. Examination passes before issuance remain examination leaves.
Temporary interim authorization — Initial licensure with general exam waiver — recent passing score without current license
Arkansas Real Estate Salesperson Examination — Arkansas Law Portion
Age
At least 18 years of age; provide satisfactory proof of attaining the age of majority.
Application Approval
Submit Commission application forms, requested information and fees; receive authorization before registering for examinations.
Approved Prior General Exam
Have passed a uniform, general or multi-state real estate examination part that the Commission determines meets generally acceptable testing standards; the other jurisdiction must require a passing grade at least as high as Arkansas’s general part. The provision does not identify a particular vendor or registered nationwide examination, so this approval slot is recorded as an applicant condition.
Background Check
Supply the state and federal criminal background-check authorization, fingerprints and required fees. The Commission must receive and approve the checks before issuing a license.
Broker Affiliation
Practice under the supervision of an Arkansas-licensed principal or executive broker; affiliation with a principal broker is required for active practice.
Conduct
Provide an affidavit of no unprofessional conduct and disclose professional licenses, formal disciplinary actions, and fraud, deceit, dishonesty, misrepresentation or conversion litigation or judgments as requested.
Documentation
Furnish the documentation of entitlement that the Commission requires.
Education
Complete at least 60 classroom hours or approved distance education, including at least 30 hours of basic real estate principles; submit acceptable proof of completion from an authorized provider.
General Waiver
The rules require only the Arkansas law part when the stated conditions are met; obtain the Commission determination of eligibility.
Interim Issuance
The Commission may issue a temporary interim license pending the permanent license and pocket card under Regulation 7.2; maximum duration is 30 days.
Issuance Deadline
Submit the prescribed license-issuance forms and license and Recovery Fund fees within 90 days after passing; the Commission may extend the deadline when the federal background report has not arrived. Failure invalidates examination results and requires a new application and reexamination.
Nonresident Compliance
If residing outside Arkansas, satisfy A.C.A. § 17-42-305.
Passing Score
Pass the Arkansas law exam with a minimum scaled score of 70.
Post License Education
Complete the 18-hour salesperson post-license course within the first six months of licensure; the rules specify receipt by the end of the month six months following initial licensure. Failure places the license on inactive status until completion.
Prior Score Window
Without current licensure, the approved uniform, general or multi-state part must have been passed within six months before the month in which the applicant takes and passes the Arkansas law part.
Reputation
Demonstrate a good reputation for honesty, trustworthiness and integrity sufficient to safeguard the public, as required by A.C.A. § 17-42-302(a)(6).
Underlying Pathway
Meet the applicable requirements of this underlying salesperson issuance or restoration pathway. Examination passes before issuance remain examination leaves.
Temporary interim authorization — Initial licensure by examination — nonresident
Age
At least 18 years of age; provide satisfactory proof of attaining the age of majority.
Application Approval
Submit Commission application forms, requested information and fees; receive authorization before registering for examinations.
Background Check
Supply the state and federal criminal background-check authorization, fingerprints and required fees. The Commission must receive and approve the checks before issuing a license.
Broker Affiliation
Practice under the supervision of an Arkansas-licensed principal or executive broker; affiliation with a principal broker is required for active practice.
Conduct
Provide an affidavit of no unprofessional conduct and disclose professional licenses, formal disciplinary actions, and fraud, deceit, dishonesty, misrepresentation or conversion litigation or judgments as requested.
Education
Complete at least 60 classroom hours or approved distance education, including at least 30 hours of basic real estate principles; submit acceptable proof of completion from an authorized provider.
Fingerprints
Nonresident applicants submit an applicant fingerprint card and license histories from all jurisdictions in which they have held real estate licenses.
Interim Issuance
The Commission may issue a temporary interim license pending the permanent license and pocket card under Regulation 7.2; maximum duration is 30 days.
Issuance Deadline
Submit the prescribed license-issuance forms and license and Recovery Fund fees within 90 days after passing; the Commission may extend the deadline when the federal background report has not arrived. Failure invalidates examination results and requires a new application and reexamination.
Nonresident Undertakings
Pay required fees; sign that the license law and rules have been read and will be obeyed; affiliate with an Arkansas-licensed principal broker; supply licensing-body certifications and disciplinary records, where applicable; designate the Executive Director as process agent and agree in writing to cooperate with Commission investigations.
Partial Pass
Pass the remaining failed examination part within six months to retain credit for the part already passed.
Passing Scores
Minimum scaled score of 70 on the general exam and 70 on the Arkansas law exam.
Post License Education
Complete the 18-hour salesperson post-license course within the first six months of licensure; the rules specify receipt by the end of the month six months following initial licensure. Failure places the license on inactive status until completion.
Reputation
Demonstrate a good reputation for honesty, trustworthiness and integrity sufficient to safeguard the public, as required by A.C.A. § 17-42-302(a)(6).
Residence
The applicant resides outside Arkansas and applies under A.C.A. § 17-42-305(a)(1)(A).
Underlying Pathway
Meet the applicable requirements of this underlying salesperson issuance or restoration pathway. Examination passes before issuance remain examination leaves.
Temporary interim authorization — Initial licensure by examination — Arkansas resident
Age
At least 18 years of age; provide satisfactory proof of attaining the age of majority.
Application Approval
Submit Commission application forms, requested information and fees; receive authorization before registering for examinations.
Background Check
Supply the state and federal criminal background-check authorization, fingerprints and required fees. The Commission must receive and approve the checks before issuing a license.
Broker Affiliation
Practice under the supervision of an Arkansas-licensed principal or executive broker; affiliation with a principal broker is required for active practice.
Conduct
Provide an affidavit of no unprofessional conduct and disclose professional licenses, formal disciplinary actions, and fraud, deceit, dishonesty, misrepresentation or conversion litigation or judgments as requested.
Education
Complete at least 60 classroom hours or approved distance education, including at least 30 hours of basic real estate principles; submit acceptable proof of completion from an authorized provider.
Fingerprint Instruction
IMPORTANT NOTE FOR ARKANSAS RESIDENTS: Do NOT have fingerprints made until you receive an email from AREC authorizing you to do so.
Interim Issuance
The Commission may issue a temporary interim license pending the permanent license and pocket card under Regulation 7.2; maximum duration is 30 days.
Issuance Deadline
Submit the prescribed license-issuance forms and license and Recovery Fund fees within 90 days after passing; the Commission may extend the deadline when the federal background report has not arrived. Failure invalidates examination results and requires a new application and reexamination.
Partial Pass
A passed part need not be retaken if the failed part is passed within six months; otherwise both parts must be retaken.
Passing Scores
Pass the general and Arkansas law exams with a minimum scaled score of 70 on each.
Post License Education
Complete the 18-hour salesperson post-license course within the first six months of licensure; the rules specify receipt by the end of the month six months following initial licensure. Failure places the license on inactive status until completion.
Reputation
Demonstrate a good reputation for honesty, trustworthiness and integrity sufficient to safeguard the public, as required by A.C.A. § 17-42-302(a)(6).
Residence
Arkansas resident; do not have digital fingerprints made until receiving the Commission authorization email.
Underlying Pathway
Meet the applicable requirements of this underlying salesperson issuance or restoration pathway. Examination passes before issuance remain examination leaves.
Temporary interim authorization — Automatic licensure — uniformed service member, veteran or eligible spouse
No examination is required for this applicant pathway.
Documentation
Submit evidence of qualifying military status and pay the initial licensure fee.
Interim Issuance
The Commission may issue a temporary interim license pending the permanent license and pocket card under Regulation 7.2; maximum duration is 30 days.
Other Jurisdiction License
Hold in good standing a license with a similar scope of practice issued by another U.S. state, territory or district; submit evidence of that license.
Qualifying Military Status
Uniformed service member stationed in Arkansas; a veteran discharged other than dishonorably who resides in or establishes Arkansas residency; or an eligible spouse under Regulation 4.5(a), including an excluded-tour spouse relocating to Arkansas or a surviving spouse establishing residency.
Underlying Pathway
Meet the applicable requirements of this underlying salesperson issuance or restoration pathway. Examination passes before issuance remain examination leaves.

Official no-examination sources

Effective from 2026-09-22.

Temporary interim authorization — Application for a new license following revocation
Age
At least 18 years of age; provide satisfactory proof of attaining the age of majority.
Application Approval
Submit Commission application forms, requested information and fees; receive authorization before registering for examinations.
Background Check
Supply the state and federal criminal background-check authorization, fingerprints and required fees. The Commission must receive and approve the checks before issuing a license.
Broker Affiliation
Practice under the supervision of an Arkansas-licensed principal or executive broker; affiliation with a principal broker is required for active practice.
Conduct
Provide the returning-applicant affidavit of no unprofessional conduct and no suspended or probationary professional license, and requested disciplinary and litigation information under Regulation 4.1(d)(5); the Commission determines eligibility following revocation.
Education
Regulation 4.1(d)(4) exempts applicants who previously held an Arkansas salesperson license from pre-license education; comply with the remaining applicable original-license requirements.
Exam Waiver
Regulation 4.1(d)(6) permits the Executive Director to waive all or part of the salesperson exam for an applicant who previously held an Arkansas salesperson license; the applicable decision is a condition, not a no-exam finding.
Interim Issuance
The Commission may issue a temporary interim license pending the permanent license and pocket card under Regulation 7.2; maximum duration is 30 days.
Issuance Deadline
Submit the prescribed license-issuance forms and license and Recovery Fund fees within 90 days after passing; the Commission may extend the deadline when the federal background report has not arrived. Failure invalidates examination results and requires a new application and reexamination.
New Application
This is eligibility to apply for a new license, not automatic restoration; satisfy original-license requirements and demonstrate fitness.
Post License Education
Complete the 18-hour salesperson post-license course within the first six months of licensure; the rules specify receipt by the end of the month six months following initial licensure. Failure places the license on inactive status until completion.
Reduced Reinstatement Limit
The A.C.A. § 17-1-107 reduced-reinstatement pathway excludes bad-faith and law, rule or ethics revocations.
Reputation
Demonstrate a good reputation for honesty, trustworthiness and integrity sufficient to safeguard the public, as required by A.C.A. § 17-42-302(a)(6).
Revocation Waiting Period
A licensee whose license is revoked under A.C.A. § 17-42-311 may apply for a new license only after two years from the revocation date.
Underlying Pathway
Meet the applicable requirements of this underlying salesperson issuance or restoration pathway. Examination passes before issuance remain examination leaves.
Temporary interim authorization — Nonresident licensure by reciprocal credentials
No examination is required for this applicant pathway.
Background Check
Supply fingerprints, criminal-background forms and fees; the Commission must receive and approve criminal background reports before issuance.
Current Active License
Provide satisfactory proof of current active licensure in the resident jurisdiction.
Exam Boundary
This route uses A.C.A. § 17-42-305(a)(1)(B), the active-licensure alternative to satisfying § 17-42-302. Its statutory and implementing requirements do not require the Arkansas or general examination. The general-exam-waiver route under Regulation 4.2(d) is a separate pathway.
Interim Issuance
The Commission may issue a temporary interim license pending the permanent license and pocket card under Regulation 7.2; maximum duration is 30 days.
Nonresident Undertakings
Pay required fees; sign that the license law and rules have been read and will be obeyed; affiliate with an Arkansas-licensed principal broker; supply licensing-body certifications and disciplinary records, where applicable; designate the Executive Director as process agent and agree in writing to cooperate with Commission investigations.
Reciprocity Determination
The Commission must determine that the jurisdiction gives Arkansas licensees substantially comparable opportunities and may deny this pathway if its education or experience requirements are not at least equal to Arkansas’s.
Underlying Pathway
Meet the applicable requirements of this underlying salesperson issuance or restoration pathway. Examination passes before issuance remain examination leaves.

Official no-examination sources

Effective from 2026-09-22.

Temporary interim authorization — Reactivation of inactive salesperson license
No examination is required for this applicant pathway.
CEWaiver
The Executive Director may waive reactivation CE for extenuating circumstances, health concerns or restrictions, or achievements. A salesperson may apply for exemption on proof of age 72 or older in the immediately preceding year, at least 25 consecutive years of active Arkansas salesperson or associate-broker licensure, and no disciplinary action or delinquent CE during the preceding five years.
Activation Application
Submit the required fee and other requested information and affiliate with a principal broker for active practice.
Continuing Education
For active status, complete seven hours of approved CE annually, including one hour of personal safety.
Interim Issuance
The Commission may issue a temporary interim license pending the permanent license and pocket card under Regulation 7.2; maximum duration is 30 days.
Other Conditions
Comply with any applicable disciplinary restrictions and continuing-education conditions.
Post License Deficiency
If placed inactive for missing post-license education, first submit satisfactory proof of completion of the required post-license course.
Reactivation Education
Complete seven hours of approved CE for each inactive year, capped at 30 classroom hours, including one safety hour. Complete those hours in the activation year or immediately preceding year; activation credit does not satisfy the next license year.
Renewal Deadline
Licenses normally expire December 31; submit the renewal application and fee by September 30 to avoid the expired-license fee.
Service Extension
For a deployed uniformed service member or spouse, expiration and education exemptions extend until 180 days after return from deployment.
Underlying Pathway
Meet the applicable requirements of this underlying salesperson issuance or restoration pathway. Examination passes before issuance remain examination leaves.

Official no-examination sources

Effective from 2026-09-22.

Temporary interim authorization on transfer to another principal broker
No examination is required for this applicant pathway.
Duration
Temporary interim license may be issued upon filing the transfer items; it is valid for no more than 30 days.
Existing License
Hold an existing salesperson license; return the former license and pocket card to the Commission after termination.
Transfer Application
File a transfer application signed by the new principal broker, the statement that no former-firm listings, contracts, appraisals, leases or pertinent information are being taken, and the transfer fee.

Official no-examination sources

Effective from 2026-09-22.

Arkansas Real Estate Salesperson Examination — Arkansas Law Portion

Provider
Pearson VUE
Format
Computer-based written examination
Exam questions
30 scored items and 10 unscored pretest items
Passing score
70 scaled score
Exam fee
$75 for the state exam; scheduling both salesperson exams at the same time costs $75 total
Examination outline
  • I. DUTIES AND POWERS OF THE REAL ESTATE COMMISSION (4 ITEMS)
    • A. General powers
    • B. Examination of records
    • C. Investigations, hearings, and appeals
    • D. License suspension, revocation, and other sanctions, monetary penalties
    • E. Recovery Fund
  • II. LICENSING REQUIREMENTS (2 ITEMS)
    • A. Activities requiring a license and exemptions
    • B. Types of licenses
    • C. Eligibility and requirements for licensing
    • D. License renewal
    • E. Change in license status or assignment
    • F. Change in licensee information; name and address(es)
    • G. Place of business requirements
  • III. STATUTORY REQUIREMENTS GOVERNING THE ACTIVITIES OF LICENSEES (14 ITEMS)
    • A. Dealing independently of principal broker
    • B. Expiration date for agency contracts
    • C. Broker responsibilities; executive brokers; part-time brokers
    • D. Advertising
    • E. Knowledge of property
    • F. Handling of funds; maintenance of records
    • G. Trust funds; trust accounts
    • H. Disbursement of trust funds
    • I. Agreements to be written
    • J. Self dealing
    • K. Sales contract
    • L. Agency agreements; signage
    • M. Broker price opinions
    • N. Property management
  • IV. OTHER STATUTORY REQUIREMENTS (2 ITEMS)
    • A. Membership in trade organization
    • B. Reporting violations
    • C. Criminal convictions and disciplinary actions
    • D. Violation of law or regulations
    • E. Time-shares
  • V. AGENCY RELATIONSHIPS AND DISCLOSURES (8 ITEMS)
    • A. Seller or lessor agents
    • B. Buyer or lessee agents
    • C. Dual agency and consent
    • D. Failure to disclose agency representation
    • E. Fidelity and honest dealing
    • F. Required and waivable duties
Examination sources

Real Estate Salesperson Examination — National/General Portion

Provider
Pearson VUE
Format
General (national) portion of a state real estate salesperson examination delivered by Pearson VUE; scored separately from the state portion with a pass/fail result, and a candidate who passes one part and fails the other retakes only the failed part
Exam questions
85 items: 80 scored items and 5 pretest items that are not counted toward the score
Examination outline
  • I. REAL PROPERTY CHARACTERISTICS, LEGAL DESCRIPTIONS, AND PROPERTY USE (SALES 11; 6 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
    • A. Real property vs. personal property (3 items): 1. Fixtures, trade fixtures, emblements; 2. Attachment, severance, and bill of sale
    • B. Characteristics of real property (2 items): 1. Economic characteristics (a. Scarcity; b. Modification / Improvement; c. Permanence of Investment / Fixity; d. Area Preference / Situs); 2. Physical characteristics (a. Immobility; b. Indestructibility; c. Non-homogeneity / Uniqueness)
    • C. Legal descriptions (3 items): 1. Methods used to describe real property; 2. Survey
    • D. Public and private land use controls – encumbrances (3 items): 1. Public controls – governmental powers (a. Police power, eminent domain, taxation, escheat; b. Zoning ordinances); 2. Private controls, restrictions, and encroachments (a. Covenants, conditions, and restrictions (CC&Rs), HOAs; b. Easements; c. Licenses and encroachments)
  • II. FORMS OF OWNERSHIP, TRANSFER, AND RECORDING OF TITLE (SALES 9; 5 KNOWLEDGE, 2 APPLICATION, 2 ANALYSIS)
    • A. Ownership, estates, rights, and interests (5 items): 1. Forms of ownership; 2. Freehold estate (a. Fee simple absolute; b. Fee simple defeasible, determinable, and condition subsequent; c. Life estate; d. Bundle of rights); 3. Leasehold estates and types of leases (a. Estate for years and from period to period (periodic estate); b. Estate at will and estate at sufferance; c. Gross, net, percentage leases, etc.); 4. Liens and lien priority; 5. Air, surface and sub-surface rights
    • B. Deed, title, transfer of title, and recording of title (4 items): 1. Elements of a valid deed; 2. Types of deeds; 3. Title transfer (a. Voluntary alienation; b. Involuntary alienation); 4. Recording the title (a. Constructive and actual notice; b. Title abstract and chain of title; c. Marketable title and cloud on title; d. Attorney title opinion, quiet title lawsuit, and title insurance)
  • III. PROPERTY VALUE AND APPRAISAL (SALES 11; 6 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
    • A. Concept of value (4 items): 1. Market value vs. market price; 2. Characteristics of value; 3. Principles of value
    • B. Appraisal process (2 items): 1. Purpose and steps to an appraisal; 2. Federal oversight of the appraisal process
    • C. Methods of estimating value and Broker Price Opinions (BPO) (5 items): 1. Sales comparison approach (market data); 2. Cost approach (a. Improvements and depreciation; b. Physical deterioration, functional, and economic obsolescence; c. Reproduction or replacement costs); 3. Income approach; 4. Gross rent and gross income multipliers; 5. Comparative Market Analysis (CMA); 6. Broker Price Opinion (BPO); 7. Assessed value and tax implications
  • IV. REAL ESTATE CONTRACTS AND AGENCY (SALES 16; 7 KNOWLEDGE, 6 APPLICATION, 3 ANALYSIS)
    • A. Types of contracts (1 item): 1. Express vs. implied; 2. Unilateral vs. bilateral
    • B. Required elements of a valid contract (3 items): 1. Voluntary; 2. Agreement / Promise; 3. Legally competent parties; 4. Lawful consideration; 5. Legal act / Purpose
    • C. Contract performance (3 items): 1. Executed vs. executory; 2. Valid vs. void; 3. Voidable vs. unenforceable; 4. Breach of contract, rescission, and termination; 5. Liquidated, punitive, or compensatory damages; 6. Statute of Frauds; 7. Electronic contracts and digital signatures; 8. Time is of the essence
    • D. Sales contract (2 items): 1. Offer and counteroffer; 2. Earnest money and liquidated damages; 3. Equitable title; 4. Contingencies; 5. Disputes and breach of contract; 6. Option contract and installment sales contract
    • E. Types of agency and licensee-client relationships (2 items)
    • F. Creation and termination of agency (2 items)
    • G. Licensee obligations to parties of a transaction (3 items)
  • V. REAL ESTATE PRACTICE (SALES 10; 5 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
    • A. Responsibilities of broker (2 items): 1. Practicing within scope of expertise; 2. Unauthorized practice of law
    • B. Brokerage agreements between the broker and principal (seller, buyer, landlord, or tenant) (3 items): 1. Seller representation – Types of listing agreements (a. Exclusive right-to-sell and exclusive agency listing; b. Non-exclusive or open listing; c. Net listing (conflict of interest); d. Multiple listing service (MLS)); 2. Buyer representation; 3. Property management agreement (a. Accounting for funds; b. Property maintenance; c. Leasing property; d. Collecting rents and security deposits); 4. Termination of agreements; 5. Services, fees, and compensation
    • C. Fair Housing (3 items): 1. Equal opportunity in housing; 2. Protected classes; 3. Fair housing laws; 4. Illegal practices, enforcement, and penalties; 5. Prohibited advertising; 6. Housing and Urban Development (HUD); 7. Americans with Disabilities Act (ADA)
    • D. Risk management (2 items): 1. Supervision; 2. Compliance with federal regulations; including Privacy and Do Not Contact; 3. Vicarious liability; 4. Antitrust laws; 5. Fraud and misrepresentation; 6. Types of insurance (a. Errors and Omissions; b. General Liability)
  • VI. PROPERTY DISCLOSURES AND ENVIRONMENTAL ISSUES (SALES 9; 5 KNOWLEDGE, 3 APPLICATION, 1 ANALYSIS)
    • A. Property conditions and environmental issues (5 items): 1. Hazardous substances (a. Lead-based paint; b. Asbestos, radon, and mold; c. Groundwater contamination and underground storage tanks; d. Waste disposal sites and brownfields; e. Flood plains, flood zones, and flood insurance); 2. Clean Air and Water Acts; 3. Environmental Protection Agency (EPA) (a. Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA); b. Superfund Amendment and Reauthorization Act (SARA); c. Environmental site assessments (including Phase I and II studies) and impact statements; d. Wetlands protection)
    • B. Environmental and property disclosure obligations and liability (4 items)
  • VII. FINANCING AND SETTLEMENT (SALES 7; 4 KNOWLEDGE, 2 APPLICATION, 1 ANALYSIS)
    • A. Financing concepts and components (2 items): 1. Methods of financing (a. Mortgage financing – conventional and non-conventional loans; b. Seller financing – land contract/contract for deed); 2. Lien theory vs. title theory and deed of trust; 3. Sources of financing (primary and secondary mortgage markets, and seller financing); 4. Types of loans and loan programs; 5. Mortgage clauses
    • B. Lender Requirements (1 item): 1. FHA requirements; 2. VA requirements; 3. USDA Loan requirements and rural development financing; 4. Conventional requirements; 5. Buyer qualification and Loan to Value (LTV); 6. Hazard and flood insurance; 7. Private mortgage insurance (PMI) and mortgage insurance premium (MIP)
    • C. Federal Financing Regulations and Regulatory Bodies (2 items): 1. Truth-in-Lending and Regulation Z; 2. TILA-RESPA Integrated Disclosures (TRID) (a. Consumer Financial Protection Bureau (CFPB); b. Loan Estimate (LE); c. Closing Disclosure (CD)); 3. Real Estate Settlement Procedures Act (RESPA) (a. Referrals; b. Rebates); 4. Equal Credit Opportunity Act (ECOA); 5. Mortgage fraud and predatory lending
    • D. Settlement and closing the transaction (2 items)
  • VIII. REAL ESTATE MATH CALCULATIONS (SALES 7; 4 APPLICATION, 3 ANALYSIS)
    • A. Property area calculations (1 item): 1. Square footage; 2. Acreage total
    • B. Property valuation (1 item): 1. Comparative Market Analysis (CMA); 2. Net Operating Income (NOI); 3. Capitalization rate; 4. Equity in property; 5. Establishing a listing price; 6. Assessed value and property taxes
    • C. Commission/compensation (1 item)
    • D. Loan financing costs (1 item): 1. Interest; 2. Loan to Value (LTV); 3. Fees; 4. Amortization, discount points, and prepayment penalties
    • E. Settlement and closing costs (1 item): 1. Purchase price and down payment; 2. Monthly mortgage calculations- principal, interest, taxes, and insurance (PITI); 3. Net to the seller; 4. Cost to the buyer; 5. Prorated items; 6. Debits and credits; 7. Transfer tax and recording fee
    • F. Investment (1 item): 1. Return on investment; 2. Appreciation; 3. Depreciation; 4. Tax implications on investment
    • G. Property management calculations (1 item): 1. Property management and budget calculations; 2. Tenancy and rental calculations
Examination sources