- (a) Notwithstanding provisions of subsection (d) of this section, unless renewed as active or inactive, every real estate broker or salesperson license shall expire on December 31 of each calendar year.
(b)
- (1) Notice to renew licenses will be sent by mail or electronically about July 15 of each year to the firm at which the licensee is licensed or such other address as the Arkansas Real Estate Commission has on file for the licensee.
- (2) Renewal applications accompanied by the required fee must be filed with the commission no later than September 30.
(3) In order to be considered filed with the commission by the deadline, the renewal applications must:
- (A) Bear a United States Postal Service postmark of September 30; or
- (B) Be received in the commission’s office on or before September 30.
- (4) If September 30 falls on a Saturday, Sunday, or legal holiday, the commission shall accept as meeting the filing deadline those renewal applications that bear a United States Postal Service postmark of the first business day thereafter, and those applications received in the commission office on the first day the office is open to the public following such Saturday, Sunday, or legal holiday.
- (5) A renewal application filed after the deadline shall be treated as an application to renew an expired license.
(c)
- (1) To hold an active license, a broker or salesperson shall complete annually seven (7) classroom hours of continuing education approved by the commission or equivalent continuing education units or equivalent distance education of approved continuing education.
- (2) One (1) classroom hour, which shall satisfy only one (1) of the seven (7) classroom hours, must focus on how real estate professionals can limit risk to preserve personal safety for agents and consumers.
- (d) The expiration date of a license for a deployed uniformed service member or spouse will be extended for one hundred eighty (180) days following the date of the uniformed service member’s return from deployment.