Arkansas Administrative Code Agency 076 - Real Estate Commission
The Arkansas Real Estate Commission (AREC), designated as Agency 076 in the Arkansas Administrative Code, is the state's regulatory authority overseeing real estate professionals. AREC ensures compliance with licensing laws, maintains public trust, and enforces ethical standards within the real estate industry.
🏛️ Mission & Governance
Mission: To protect public interest through the examination, licensing, and regulation of real estate brokers and salespersons, and through administration of the Arkansas Time-Share Law. (arec.arkansas.gov)
Structure: Comprises five members appointed by the Governor for three-year terms: three from the real estate profession, one consumer representative, and one elderly representative. (arec.arkansas.gov)
📘 Key Regulatory Areas
AREC's rules, codified in Chapter XXXIX of the Arkansas Administrative Code, encompass various aspects of real estate practice, including:(codeofarrules.arkansas.gov)
Licensing: Requirements for brokers and salespersons, including education, experience, and examination standards.(arec.arkansas.gov)
Continuing Education: Mandates for ongoing professional development to maintain licensure.
Advertising: Standards to ensure truthful and non-deceptive marketing practices.
Agency Agreements: Regulations on written contracts between agents and clients.
Disciplinary Procedures: Processes for handling complaints and enforcing compliance.(arec.arkansas.gov)
Time-Share Regulations: Oversight of time-share programs and related activities.(casetext.com)
For detailed rules, refer to the Code of Arkansas Rules – AREC.(codeofarrules.arkansas.gov)
⚖️ Enforcement & Powers
AREC is empowered to:
Set fees and adopt, amend, or repeal rules.(codes.findlaw.com)
Issue orders and prescribe forms and procedures.(codes.findlaw.com)
Initiate investigations and enforce compliance through penalties.
Oversee time-share registrations and enforce related laws. (casetext.com)
📝 Filing Complaints
Individuals can file complaints against licensees by submitting a notarized complaint form along with relevant documentation (e.g., contracts, agreements). For assistance, contact AREC's Investigations Department. (arec.arkansas.gov)
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