This bill amends the existing law regarding continuing education requirements for real estate licensees in Arkansas. It introduces exemptions for certain real estate broker licensees from the continuing education requirements necessary for license renewal or reactivation. Specifically, the bill allows the Executive Director of the Arkansas Real Estate Commission to waive these requirements under certain conditions, such as extenuating circumstances, health-related concerns, or notable achievements in the real estate industry.

Additionally, the bill outlines specific criteria for licensees to qualify for these exemptions, including age, length of active licensure, and absence of disciplinary actions or delinquent education requirements in the preceding five years. The amendments also establish a process for appealing denied exemption requests and clarify that exemptions can be revoked if disciplinary actions occur after approval. Overall, the bill aims to provide flexibility in continuing education requirements for seasoned real estate professionals while maintaining standards for licensure.

Statutes affected:
HB 1794: 17-42-307(c)
Act 559: 17-42-307(c)