2024 AREC Property Management Course

Overview

One of the Arkansas Real Estate Commission's key responsibilities is to regulate property management within the state by establishing guidelines to ensure fair and ethical transactions between property owners, managers, and tenants.

This course describes the property management activities that require an Arkansas real estate license and the agency relationships that develop when a property management or lease agreement is created. It also explores the tasks that unlicensed assistants may perform, recordkeeping and reporting requirements, proper trust fund handling, and principal brokers' supervision responsibilities. Case studies throughout the course highlight the actions licensees can take to avoid liability when engaged in property management activities.

This course meets the 2024 required course requirement in Arkansas.

Learning Objectives

By the end of the course, you will be able to:

  • list property management activities requiring an Arkansas real estate license
  • explain the agency relationships involved in property management and leasing
  • describe property management record keeping and reporting requirements
  • identify the funds that must be deposited in the principal broker's trust account and handling of cash receipts
  • describe the principal broker's supervision responsibilities over property management activities
  • discuss agents' responsibilities to their clients and list the fiduciary duties owed to all clients

Designed For

All active Arkansas brokers and salespersons

Find this course for your license:

License or Certification

Regulator

Type