Transfer of property broker license — Change in control of corporations and associations holding broker licenses — Petitions for reconsideration
Arkansas Code § 23-13-208
(a)
- (1) In order to transfer a property broker license, a transferee must file with the State Highway Commission an application for approval of the transfer.
- (2) The application must contain proof that the transferee is fit, willing, and able to perform the duties of a broker and that the transfer will not be contrary to the public interest.
- (b) If there is a change in the control of a corporation or association which holds a broker license, an application must be filed with the commission describing the change and offering proof that the change is not contrary to the public interest.
- (c) The rules that govern the form and manner of filing of applications, the notice that must be given to the public, and the manner of filing protests are the same as those which apply to an application for operating rights.