(a)
- (1) Applicants for original licensure as a broker or salesperson must pass a written examination to demonstrate competency to act as a real estate licensee in such a way as to safeguard the interests of the public.
- (2) The examination shall consist of a general part and an Arkansas law part.
(b)
- (1) For broker applicants, a minimum score of seventy (70) on the general part and seventy-five (75) on the Arkansas law part are required.
- (2) A person who is licensed as a broker may not apply and may not take the examination.
- (3) A person who has passed the Arkansas real estate broker's examination but who is not licensed as a broker may apply.
- (4) However, in addition to meeting other requirements, such a person must furnish an affidavit stating the reason for applying.
- (5) Such a person may take the examination only with written permission from the Executive Director of the Arkansas Real Estate Commission or the executive director's designee.
(c)
- (1) For salesperson applicants, a minimum score of seventy (70) on the general part and seventy (70) on the Arkansas law part are required.
- (2) A person who is licensed as a salesperson or as a broker may not apply and may not take the examination.
- (3) A person who has passed the Arkansas real estate salesperson's examination but who is not licensed as a salesperson may apply.
- (4) However, in addition to meeting other requirements, such a person must furnish an affidavit stating the reason for applying.
- (5) Such a person may take the examination only with written permission from the executive director or the executive director's designee.
(d)
- (1) An applicant who takes the examination in Arkansas and passes either the Arkansas law part or the general part, but fails the other, need not again take the part passed if within six (6) months of such initial examination the applicant retakes and passes the part failed.
- (2) Otherwise, the applicant must retake the entire examination and must also make a new application if more than one (1) year has elapsed since the date of the original application.
(e)
(1) An applicant who meets all three (3) of the following requirements will be required to take only the Arkansas law part of the examination:
- (A) Has passed a uniform, general, or multistate part of an examination for a real estate license in another state in which the examination is determined by the Arkansas Real Estate Commission to meet generally acceptable standards of real estate testing;
- (B) The other state requires a minimum passing grade no lower than that required for the general part of the Arkansas examination; and
- (C) The applicant at the time of taking the Arkansas examination is licensed in the other state.
- (2) If an applicant meets the first two (2) requirements above, but not the third, the applicant will be required to take only the Arkansas law part of the examination provided that the applicant passed the uniform, general, or multistate part of the examination in the other state within six (6) months prior to the month in which the applicant takes and passes the Arkansas law part.
- (3) An applicant seeking licensure under this subsection must furnish such documentation of entitlement thereto as the commission may require.