This form lists the various state specific requirements regarding advertising for a franchised business. The form also provides a section for state specific comments and date of approval.
Arkansas State Regulations Regarding Advertising - Status and History
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State:
Multi-State
Control #:
US-9-02-T-STP
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Word;
Rich Text
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All real estate licenses in Arkansas expire on December 31st of every year. Renewal applications are sent out to all licensees every July. Real Estate License Renewal Requirements in Arkansas study.com ? academy ? lesson ? real-estate-license... study.com ? academy ? lesson ? real-estate-license...
Three years A licensed broker must retain for three years copies of all listings, deposit receipts, canceled checks, trust account records, and other documents executed by or obtained by the broker in connection with any transaction for which a license is required. RE 5 - Broker Compliance Evaluation Manual ca.gov ? files ? pdf ? brkrcomp ca.gov ? files ? pdf ? brkrcomp
Lesson Summary. ing to the Arkansas real estate regulations , any client funds (e.g. earnest money, security deposits) received by a broker must be given to an escrow agent or deposited into a trust account within three days. If the broker deposits the client funds, they become known as trust funds.
Any person, including the Director of the Board, may file a written complaint alleging violation of the statues and/or the Rules of the Board Article 15. Such charges shall be in writing, signed by the person or persons making them, and filed with the Board.
8.5 Fidelity and Honest Dealing This obligation of absolute fidelity to the interest of the client or clients is primary, but does not relieve a licensee from the equally binding obligation of dealing honestly with all parties to the transaction.
Five years A broker is required to maintain legible records of all transactions, financial records, etc. for a period of five years. Bureau of Enforcement - MyFloridaLicense.com myfloridalicense.com ? dbpr ? documents myfloridalicense.com ? dbpr ? documents
Ingly, the real estate regulations require brokers to keep contracts, and any supporting documents related to trust accounts, in their records for three years.
