2024 AREC Property Management Course

This three-hour course on property management related laws and regulations fulfills a portion of the state's requirements for annual CE. Real estate licensees in Arkansas must take seven hours' CE in order to renew their license.  

Here are the required topics for CE for Arkansas in 2024: 

1 hour Safety Course 

3 hours of one of two required courses, with the 2024 AREC Property Management Course being one of them; (Licensee can choose either one.) 

3 hours of elective course material; (Licensee can choose any approved course, or they may choose the alternate required course.) 

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 7 hours total CE 

This course begins with a discussion on the licensing laws and regulations governing property management activities in the state, including long term and nightly rentals. After that, we address the agency relationships involved in property management and how dealing independently of one's principal broker is prohibited. Next we define what funds must be deposited into the principal broker's trust account with regard to trust funds received on behalf of a property owner from a tenant or lessee. We also explain the regulations relating to recordkeeping for property managers. 

In the second module we discuss several relevant case studies based on actual Formal Hearings before the Commission in order to illustrate real world scenarios in which property managers neglect the public interest for their own gain and must face consequences. The next section outlines the fiduciary duties all licensees owe to their clients. After a video presentation from the 2023 AREC Ed Retreat Commissioner Panel, we distinguish between disclosing material facts in contrast to dealing fairly with all parties in a transaction. Class concludes with a brief discussion of proper versus improper cash receipts management. 

To promote comprehension, students will complete a 15-question quiz after each module.