Registration — Renewal — Fees
Arkansas Code § 17-42-203; Arkansas Code § 17-42-506; Arkansas Code § 18-14-202
- (a) Each application for registration of a time-share plan or of an agent thereof shall be made on a form furnished by the Arkansas Real Estate Commission and shall be accompanied by the appropriate filing fee and evidence that a bond in the amount shown below has been placed with a surety company, corporate bond acceptable to the commission, or a cash bond with the commission.
(b)
- (1) Each registration shall be renewed annually and shall be filed no later than June 1, beginning with the upcoming renewal period beginning July 1.
- (2) Such renewal shall be made on a form prescribed by the commission and accompanied by the appropriate fee.
(c) The following fees are established at the amounts indicated:
- (1) Time-share plan registration fee, seven hundred fifty dollars ($750);
- (2) Time-share plan annual renewal fee, three hundred fifty dollars ($350);
- (3) Abbreviated registration application fee, five hundred dollars ($500);
- (4) Abbreviated registration renewal and recertification fee, three hundred dollars ($300);
- (5) Acquisition agent registration and renewal fee, one hundred fifty dollars ($150);
- (6) Principal broker registration and renewal fee, seventy-five dollars ($75.00);
- (7) Managing agent registration and renewal fee, seventy-five dollars ($75.00);
- (8) Exchange agent registration and renewal fee, seventy-five dollars ($75.00);
- (9) Material change fee, one hundred fifty dollars ($150); and
- (10) Time-share interest transfer service provider registration and renewal fee, one hundred fifty dollars ($150).
(d) The following bond amounts are established at the amounts indicated:
- (1) Developer’s consolidated bond, fifty thousand dollars ($50,000);
- (2) Acquisition agent bond, ten thousand dollars ($10,000);
- (3) Principal broker bond, ten thousand dollars ($10,000);
- (4) Managing agent bond, ten thousand dollars ($10,000); and
- (5) Time-share interest transfer service provider bond, twenty-five thousand dollars ($25,000).