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To become an active real estate salesperson in Arkansas, the most time-consuming steps are pre-license education and test preparation, mostly taking three to six months. If you're committed to a full-time study, you could complete this process in about two months.
As of , the average annual pay for a Licensed Real Estate Agent in Arkansas is $69,564 a year. Just in case you need a simple salary calculator, that works out to be approximately $33.44 an hour. This is the equivalent of $1,337/week or $5,797/month.
Before you leave your current job, it's important to understand how long the licensing process can take in Arkansas. Here is what an average timeline looks like: 2 to 8 weeks to complete your 180 hour pre-licensing course. 1 to 2 weeks to get your real estate exam scheduled.
License Renewal Application Form ? The renewal application must be completed in its entirety. Licenses may be renewed using the online ?Renew Your License? link at the bottom of this page.
1. How much does it cost to get your real estate license in Arkansas? Average Course Tuition$369-$589Exam Fee$75License Fee$50Recovery Fund Fee$25Total$605-$8253 more rows
To surrender your Arkansas collection agency license please complete and submit the Request to Surrender Collection Agency License form and your current license certificate, if possible ? but not required.
Broker License Requirements At least 18 years old. Successfully complete the 60-hour broker pre-licensing class. Has held an active real estate license for at least 24 months in the last 48 months. Pass the state licensing exam.
The real estate exam is a rigorous and challenging test that weeds out those who are not committed to being skilled agents. To pass the exam in Arkansas, you'll need to get a score of at least 70%.