(a) A license is issued for a term of one (1) year.
(b) (1) The Arkansas Real Estate Commission shall issue approval for renewal of a license in the absence of a reason or condition that may warrant the refusal of the renewal on receipt of a renewal request thirty (30) days before the expiration of the license.
(2) A late fee applies to applications received after the renewal deadline.
(c) (1) A licensee who has not applied for renewal or whose renewal application did not meet the requirements for renewal shall be notified by the commission.
(2) If a license is not renewed by the date of its expiration, an application submitted for renewal of the license is considered a new application for licensure.
Section: Previous 17-42-505 17-42-506 17-42-507 17-42-508 17-42-509 17-42-510 17-42-511 17-42-512 17-42-513 17-42-514 17-42-515 17-42-516 17-42-517 17-42-518 NextLast modified: November 15, 2016