May 19, 2012

Arkansas Real Estate Law

Arkansas law charges the Commission with the responsibility of administering the Real Estate License Law (Ark. Code Annotated Section 17-42-101 et seq.), the Real Estate Recovery Fund (ACA §17-42-401 et seq.), the Continuing Education Program (ACA §17-42-501 et seq.), and the Time-Share Law (Ark. Code Annotated Section 18-14-101 et seq.).

The Real Estate Commission consists of five members appointed by the Governor for three year terms. Three Commission members are from the real estate profession, one Commission member serves as a consumer representative, and one Commission member serves as an elderly representative.

Responsibilities are discharged through a staff of fifteen persons and directed by an Executive Director who is employed by the Commission. A Deputy Executive Director is responsible for assisting the Executive Director with authority to act in all matters in the Executive Director’s absence.

Read more about  The Commission’s functions and duties.

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