How do you become a Realtor in Arkansas?

How long does it take to become a real estate agent in Arkansas?

Broker applicants must complete sixty (60) hours of real estate education, of which forty-five (45) hours must be the Commission developed Broker Pre-License Education course, from an accredited post secondary school or a school or organization licensed by the Arkansas Real Estate Commission within 36 months …

How much does it cost to become a real estate agent in Arkansas?

Applicants for a real estate salesperson license pay a license fee of $50.00 and a Recovery Fund Fee of $25.00. The fees need to be paid within 90 days after passing the real estate exams. Applicants for a real estate broker license pay a license fee of $70 and a Recovery Fund Fee of $25.00.

How hard is the Arkansas real estate exam?

This is by no means a simple test. As noted by the Arkansas Real Estate Commission (AREC), you need a score of (70) to pass this exam. Nearly half of all applicants fail the test. … With our real estate test guides, students pass official licensure exams more than 95 percent of the time.

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How much does it cost to become a Realtor?

Costs of Getting a Real Estate License. As a real estate agent, you’ll be required to be licensed by the state in which you plan to practice, and you can expect to shell out around $2,000 over the course of becoming licensed.

Why do realtors quit?

Most new real estate agents quit their first year because of the emotional toll of “fear of failure” and rejection. Nobody likes to feel rejected. Rejection is part of the job but remember that people are not rejecting you. They are rejecting the notion of buying or selling at that time.

What is the salary for real estate agents?

The median annual pay for real estate agents was $48,930 in 2019, according to the most recent data available from the U.S Bureau of Labor Statistics.

What is the difference between a real estate agent and a real estate broker?

Real estate agents have a professional license to help people buy, sell, and rent real estate. … Brokers are real estate agents who have completed additional training and licensing requirements. They can work independently and hire other real estate agents to work for them.

How can I be a real estate agent?

You can become a real estate agent in about four to six months, depending on where you live. Online prelicensing classes can speed up the process. Requirements vary by state, but the general steps are to take a real estate prelicensing course, take the licensing exam, activate your license, and join a brokerage.

How do you become a real estate broker?

Here are the requirements you need to become a real estate broker:

  1. Take a state-approved real estate sales course.
  2. Pass your state’s real estate agent licensing program.
  3. Work as a real estate agent.
  4. Get real estate certifications.
  5. Take a state-approved real estate broker course.
  6. Pass the real estate broker exam.
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Is the Arkansas real estate exam open book?

The state specific part of the Arkansas Real Estate Salesperson Exam is comprised of 30 questions. An examinee must answer 21 questions correctly to pass (70% correct). The time allowed for the Arkansas Real Estate Salesperson Exam is 4 hours. … The test is closed book.