Arkansas Out of State Broker Cooperation- An out-of-state licensee can share a commission as long as all licensed activities relating to the sale of the property are performed in State by an Arkansas licensee.
- An out-of-state licensee cannot perform any services in Arkansas. - An out-of-state licensee can sue for commission in Arkansas if all of his/her activities occurred outside of Arkansas. |
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Arkansas Real Estate ReciprocityAlabama, Colorado, Florida, Georgia, Iowa, Kansas, Louisiana, Mississippi, Nebraska, New York, Ohio, Oklahoma, Pennsylvania, South Dakota, Washington, West Virginia - Confirmed by the Arkansas Real Estate Commission Note: All Reciprocal Licensees may still need to take the Arkansas Law Portion of the Examination. |
Specific to Arkansas Real Estate AR is considered a Single Entity State, meaning that a Broker in this state can only represent one entity, whereas a broker in other states may represent multiple entities. |
Arkansas Reverse ReciprocityThese states specifically mention Arkansas in their Reciprocity: Florida, Iowa, Louisiana, New York, Ohio, Oklahoma, West Virginia These States recognize any other State licenses but may have additional requirements: Alaska, Alabama, Colorado, Georgia, Idaho, Indiana, Kansas, Kentucky, Maine, Nebraska, North Carolina, Rhode Island, South Dakota, Tennesee, Vermont, Washington |
Arkansas Real Estate Links |
Arkansas Real Estate Customs
Title agents handle escrows, and attorneys conduct closings.
Conveyance is by warranty deed. Mortgages are the customary security instruments.
Foreclosure requires judicial proceedings, but there are no minimum time limits for completion.
Arkansas uses ALTA policies and endorsements and receive a 40% discount for re-issuance of prior policies.
Buyers and sellers pay their own escrow costs. The buyer pays for the lender’s policy; the seller pays for the owner’s. The buyer and seller split the state documentary tax.
Property taxes come due three times a year.
Conveyance is by warranty deed. Mortgages are the customary security instruments.
Foreclosure requires judicial proceedings, but there are no minimum time limits for completion.
Arkansas uses ALTA policies and endorsements and receive a 40% discount for re-issuance of prior policies.
Buyers and sellers pay their own escrow costs. The buyer pays for the lender’s policy; the seller pays for the owner’s. The buyer and seller split the state documentary tax.
Property taxes come due three times a year.
