Sandra is a licensed real estate agent in Tennessee and wants to obtain an Arkansas real estate license without retaking the full national examination. She has heard that Arkansas may have agreements with other states. Which AREC mechanism would most likely allow Sandra to obtain an Arkansas license based on her existing Tennessee license?
Correct Answer
A) Reciprocity agreement
AREC has the authority to enter into reciprocity agreements with other states under its rules. A reciprocity agreement allows a licensee from another state to obtain an Arkansas license, often with reduced examination or education requirements, based on their existing out-of-state license. Sandra would apply under any applicable AREC reciprocity agreement with Tennessee.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
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