HB1794

House Bill 1794 amends existing Arkansas law regarding continuing education requirements for real estate licensees. The bill grants the Executive Director of the Arkansas Real Estate Commission the authority to waive continuing education requirements under specific circumstances, such as health-related issues or professional achievements. It establishes clear criteria for salesperson, associate broker, principal broker, and executive broker licensees to apply for an exemption from continuing education. To qualify, applicants must be at least 72 years old, have held an active license for at least 25 consecutive years, and maintain a clean disciplinary and compliance record for the preceding five years. The bill also specifies that these exemptions can be revoked if the licensee faces future disciplinary action and provides an appeals process for denied exemption requests.