Arkansas Administrative Code
Agency 235 - DEPARTMENT OF LABOR AND LICENSING
Division 10 - Arkansas Real Estate Commission
Rule 235.10.23-001 - 10.25 - Waiver of Certain Requirements for Principal Brokers
Current through Register Vol. 49, No. 9, September, 2024
(a) Upon written request from a principal broker operating under the exemption contained in Arkansas Code § 17-42-104(a)(11), the executive director may waive certain requirements for principal brokers set forth in Title 17, Chapter 42 of the Arkansas Code and the Commission Rules related to the following:
(b) The Principal Broker's request should clearly state their justification for requesting the waiver and include a written explanation of the business processes of the Arkansas-licensed residential construction company employing the principal broker pursuant to Arkansas Code§ l7-42-104(a)(l r)(A)(iv) as those business processes relate to the waiver being requested. The Commission may request additional documentation or information from a principal broker requesting a waiver under this subsection,
(c) The executive director will determine, based upon the information provided, which requirements will be waived by the commission and will communicate the same in writing to the principal broker within thirty (30) days of receipt. The executive director may authorize issuance of a temporary interim license to a principal broker at the time the waiver request and accompanying items are submitted to the commission.
(d)
(e) A waiver provided under this rule shall not relieve the principal broker of:
(a) Upon written request from a principal broker operating under the exemption contained in Arkansas Code § 17-42-104(a)(11), the executive director may waive certain requirements for principal brokers set forth in Title 17, Chapter 42 of the Arkansas Code and the Commission Rules related to the following:
(b) The Principal Broker's request should clearly state their justification for requesting the waiver and include a written explanation of the business processes of the Arkansas-licensed residential construction company employing the principal broker pursuant to Arkansas Code§ 17-42-104(a) (l r)(A)(iv) as those business processes relate to the waiver being requested. The Commission may request additional documentation or information from a principal broker requesting a waiver under this subsection.
(c) The executive director will determine, based upon the information provided, which requirements will be waived by the commission and will communicate the same in writing to the principal broker within thirty (30) days of receipt. The executive director may authorize issuance of a temporary interim license to a principal broker at the time the waiver request and accompanying items are submitted to the commission.
(d)
(e) A waiver provided under this rule shall not relieve the principal broker of:
