You Could be Just 2 Weeks Away from Your NEW CAREER!
The decisions you make at the beginning of your Real Estate career can have far-reaching impact.
Get My Real Estate License
Our 60-hour course, which we offer monthly, prepares you to pass the State Real Estate Exam. The Northwest Arkansas Real Estate School KNOWS the route to success, and we can help you get there.
Pre-licensing Course Description
Our beginning course prepares you to pass the State Real Estate Exam. Approximately 52 hours of classroom hours covers the following:
Real Property, Ownership and Restrictions
Real Property, Ownership and Restrictions –Real and personal property, fixtures and descriptions, estates and forms of ownership, transfers and deeds, zoning, water rights, liens, easements.
Property Value and Appraisals
Property Value and Appraisals –Value, types of value, elements of value, principles of value, methods of appraisals, comparative market analysis, cost approach, income approach, appraisal process, appraisers.
Contracts, Agency and Federal Regulations
Contracts, Agency and Federal Regulations – Types of contracts, valid contracts, statute of frauds, void contracts, voidable contracts, offer and acceptances.
Financing and Transaction Settlement
Financing and Transaction Settlement – Conventional loans, government loans, FHA, VA loans, secondary mortgage market, conforming loans, loan types, loan terms and provisions, financing instruments.
Leases, Rents and Property Management
Leases, Rents and Property Management – Types of leases, lease termination, lease provisions, assignments and sublease, hazardous substances, settlement statements.
Approximately 8 hours will be spent covering Arkansas Law. The following topics will be covered:
Duties and Powers of the Real Estate Commission
Duties and Powers of the Real Estate Commission – Relationship between the commission and brokers/sales associates.
Licensing Requirements
Licensing Requirements – Qualifications, requirements, experience requirements, educational requirements, character reference, and record search.
Statutory Requirements Governing Licenses
Statutory Requirements Governing Licenses
Other Statutory Requirements
Other Statutory Requirements
Agency Relationships and Disclosure
Agency Relationships and Disclosure
Prerequisites: 18 years of age to obtain a license.
Classes are offered monthly
Classes are offered monthly; please check our calendar page for specific dates. Our normal schedule runs Saturdays and Sundays from 8:00 a.m. – 5:00 p.m. and Tuesdays, Wednesdays and Thursdays from 5:30 p.m. – 9:30 p.m.
Normal school holidays are observed
Normal school holidays are observed. If a student misses a topic, they may take the next series, when offered, at no cost. Students are expected to be on time to all classes. Cost of the course is $395.00. One hundred dollars is due upon application (non-refundable), and the balance paid before the start of the first class.
Attendance:
Our policy, as well as state law, requires you to attend 60 hours of actual in-class time. Plan to be in class every time. If you should need to miss a class, let the instructor know. Any student is also welcome to continue to come to our school for up to one year at no additional charge. This can be to make up missed time or just for further study and review.
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Northwest Arkansas Real Estate Licensing Options
Northwest Arkansas Real Estate School understands the need for different styles of instruction. That’s why we offer students the opportunity to choose the best option for their learning style.
REFUND POLICY:
The student must notify the school in writing 7 days prior to the first class for a refund of $295.00 (registration fee of $100.00 is non-refundable after 7 days).