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LICENSED REQUIRED. On and after July 1, 1989, it shall be unlawful for any person to act as an auctioneer or to advertise or to assume to act as an auctioneer within this state without a license issued by the Auctioneers Licensing Board.
You have 30 days to register a new vehicle with the state, regardless of whether you've just moved to Arkansas or purchased a car. Firstly, collect your documents. You'll need the Title or Bill or Sale, the latter of which includes a federal odometer statement, as well as your insurance card.
Whether you need a bill of sale depends on how old the title is. If your title has spots on the back for an odometer reading and a purchase price, then you do not need a bill of sale. However, if your title is old enough, it may not have spots on the title for those two important items.
An Arkansas bill of sale should include all of the necessary details to provide proof of purchase. This can include: The names and contact details of both parties to the transaction (the buyer and seller) The date the sale took place.
Does the Bill of Sale Mean Ownership? In Arkansas, a bill of sale does not mean ownership. However, it is necessary to transfer ownership. So, while the document itself does not mean that you have the right to the vehicle, it is a vital step in the ownership process whether you are buying or selling the car.
FAQ: About the Arkansas Bill of Sale Purchase date. Buyer and seller contact information. Property description. Purchase amount. Lien information. Terms and conditions. Signatures of buyer(s), seller(s), and witness(es)
While it is common to present a bill of sale in a digital format, you can also create this type of contractual agreement as a handwritten document on paper.