You must successfully complete a 60-hour course in real estate, pass the state licensing exam and be affiliated with a brokerage to become a Arkansas real estate agent. While this may seem overwhelming, once you have obtained your license, you can still succeed in your realty career.
Steps to get your Arkansas real estate license
A 60-hour course offered by an accredited provider is the first step to getting your real estate license. You can choose to take the course in a classroom or online depending on your preferences and needs. This will let you be more flexible and allow you to gain a deeper understanding of the industry.
Once you have completed your prelicensing education, it is time to submit an application for real estate licensing exams with the Arkansas Real Estate Commission. This is a lengthy process that involves background checks and fingerprinting. The AREC will issue a Certificate of Examination Eligibility to you once you've met all of the requirements.
Next, you will need to register for the exam and pay for it. The exam is administered globally by Pearson VUE. You can find additional information about the exam at the AREC site and on Pearson VUE's official website.
Next, send the AREC your application along with any additional forms and all fees. After you have submitted the forms, the AREC will issue you a copy of you Certificate of Examination Eligibility. The official Pearson VUE website allows you to schedule your exam and pay using a credit or debit card, an electronic check, or a voucher.
Additional information will be needed, including a photocopy. A fingerprint card is also available from the AREC.
You can save both time and money by taking your real-estate license preparation courses online. Many schools offer courses online as well as in-person. This allows you the flexibility to schedule your classes.
National School of Real Estate in Little Rock is one of the best online real estate courses in Arkansas. Students who have taken these classes mention that their instructors are enthusiastic and helpful. You also have the option to take livestreamed or self-paced classes.
Arkansas Real Estate School offers livestreaming and self-paced courses. These classes are ideal for students who wish to learn from real estate professionals and get the inside scoop on the industry.
These classes are great for students who don't have much time and want to learn in a quick, easy way. They are very affordable and have great customer service.
Next, you will need to sit for the realty licensing exam. You can take the exam at any of the locations in the state, including Little Rock or Springdale. Pearson VUE is the global testing company that administers the real-estate license exam. The official Pearson VUE website allows you to schedule your test and you will receive a Candidate Fact sheet with all the details you need.
FAQ
What are the top three factors in buying a home?
Location, price and size are the three most important aspects to consider when purchasing any type of home. Location refers to where you want to live. The price refers to the amount you are willing to pay for the property. Size refers to how much space you need.
What is the maximum number of times I can refinance my mortgage?
This will depend on whether you are refinancing through another lender or a mortgage broker. You can refinance in either of these cases once every five-year.
Should I rent or own a condo?
If you plan to stay in your condo for only a short period of time, renting might be a good option. Renting allows you to avoid paying maintenance fees and other monthly charges. You can also buy a condo to own the unit. You have the freedom to use the space however you like.
Statistics
- This seems to be a more popular trend as the U.S. Census Bureau reports the homeownership rate was around 65% last year. (fortunebuilders.com)
- This means that all of your housing-related expenses each month do not exceed 43% of your monthly income. (fortunebuilders.com)
- 10 years ago, homeownership was nearly 70%. (fortunebuilders.com)
- When it came to buying a home in 2015, experts predicted that mortgage rates would surpass five percent, yet interest rates remained below four percent. (fortunebuilders.com)
- Over the past year, mortgage rates have hovered between 3.9 and 4.5 percent—a less significant increase. (fortunebuilders.com)
External Links
How To
How to buy a mobile home
Mobile homes are homes built on wheels that can be towed behind vehicles. Mobile homes have been around since World War II when soldiers who lost their homes in wartime used them. People who live far from the city can also use mobile homes. These houses come in many sizes and styles. Some houses are small, others can accommodate multiple families. There are some even made just for pets.
There are two main types for mobile homes. The first type is produced in factories and assembled by workers piece by piece. This takes place before the customer is delivered. The other option is to construct your own mobile home. Decide the size and features you require. You'll also need to make sure that you have enough materials to construct your house. Final, you'll need permits to construct your new home.
There are three things to keep in mind if you're looking to buy a mobile home. First, you may want to choose a model that has a higher floor space because you won't always have access to a garage. A model with more living space might be a better choice if you intend to move into your new home right away. Third, you'll probably want to check the condition of the trailer itself. It could lead to problems in the future if any of the frames is damaged.
You should determine how much money you are willing to spend before you buy a mobile home. It is crucial to compare prices between various models and manufacturers. Also, look at the condition of the trailers themselves. While many dealers offer financing options for their customers, the interest rates charged by lenders can vary widely depending on which lender they are.
Instead of purchasing a mobile home, you can rent one. Renting allows you to test drive a particular model without making a commitment. However, renting isn't cheap. Renters usually pay about $300 per month.