Arkansas Real Estate

Commission

APPROVED CONTINUING EDUCATION TOPICS FOR 2022

ARKANSAS REAL ESTATE COMMISSION
Approved CONTINUING EDUCATION TOPICS FOR 2022
(Reviewed at September 2021 Meeting of AREC)
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ANNUAL REQUIRED TOPICS:

1 hour – Limiting Risk to Preserve personal safety for agents and Clients
3 hours – 2022 Required Agency Course

2022 HIGHLY RECOMMENDED TOPICS (3 HOURS):

Best Practices In Real Estate Cooperative Brokerage
Fair Housing
Presentation of Offers

THE FOLLOWING TOPICS ARE ALSO RECOMMENDED BY THE REAL ESTATE COMMISSION:

1. License Law and Commission Regulations
2. Agent and Broker Responsibility
3. Regulatory Compliance with Trust Account Record Keeping & Transaction File Maintenance (Includes Salesperson Post-Licensure Course Module III)
4. Real Estate Policies and Procedures
5. Real Estate Contracts and Forms (Includes Salesperson Post-Licensure Course Module II)
6. Agency and Disclosure (To Include Buyer Representation; also Includes Salesperson Post-Licensure Course Module I)
7. AREC Formal Hearing Procedures, Commission Decisions, and Reasons for Complaints Being Filed
8. Closing Methods & Practice (Includes Salesperson Post-Licensure Course Module III)
9. Ethics and Professionalism in Real Estate
10. Real Estate Law (i.e., Antitrust, Misrepresentation, Megan’s Law, etc.)
11. Fair Housing
12. Property Management and Landlord-Tenant Relationships
13. Environmental and Hazardous Substances Issues (e.g. Lead-Based Paint Disclosure and Mold – Federal Requirements)
14. Sustainable Building Practices

OTHER ACCEPTABLE TOPICS:

15. Applied Construction and Land Use
16. Appraisal/Performing Broker Price Opinions (BPO)
17. Commercial, Industrial and Investment Real Estate
18. Farm-Rural Property
19. Finance (mortgage fraud, mortgage programs HUD, FHA/VA, FmHA, Conventional, ADFA, etc.)
20. Real Estate Tax Issues
21. Real Estate Auctions
22. Home Inspections With Emphasis on Inspection and Repair Clauses in Real Estate Contracts
23. New Technology Including Usage of Social Media in Real Estate Activity

THESE TOPICS CANNOT EXCEED TWO (2) CLASSROOM-HOURS OF CONTENT:

24. Real Estate Court Decisions
25. Researching County and City Records and Requirements Regarding Real Estate (Practical information about local ordinances, zoning and property records)

NOTE: ALL TOPICS MUST BE REAL ESTATE-RELATED.

2022 Required Agency Course

Learning Objectives

The 2022 AREC Required Agency Course will focus on buyer and dual agency representation. Upon completion of this course, brokers and salespersons will be able to:

• Describe how to properly obtain consent for dual agency from both parties to a transaction. o Rule 8.3(a)
o AREC Agency Representation Brochure

• Demonstrate the proper timing and method for disclosing agency representation.
o Rules 8.1, 8.2, 8.3

• List and cite examples of the fiduciary duties owed to all clients by licensees.
o A.C.A. § 17-42-316

• List and cite examples of the duties required of a buyer’s agent.
o A.C.A. § 17-42-318

• Discuss and describe the limitation of duties in dual agency representation.
o A.C.A. § 17-42-316
o A.C.A. § 17-42-318

• Differentiate between disclosing material facts and dealing honestly with all parties to the transaction.
o A.C.A. § 17-42-316
o Rules 8.5(a); 10.6

• Cite examples of confidential information which cannot be disclosed in a dual agency relationship.
o Rule 8.1(a)(1) offers some examples as a starting point

• Perform a self-assessment to evaluate their current buyer and dual agency practices and identify any necessary improvements. Executive and principal brokers will be able to identify and implement any necessary improvements to the current buyer and dual agency practices of those licensees under their supervision.

• Explain the difference between a customer and a client.

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