076.00.13 Ark. Code R. 001 - Regulation 9.9 - Alternate Disciplinary Procedures

NEW RULE TO SPECIFY THE AUTHORITY OF THE AREC AS AUTHORIZED BY ACT 112 OF 2013

Section 9. Complaints; Investigations; Hearings; Alternate Disciplinary Procedures.

9.1-9.8

9.9 Alternate Disciplinary Procedures

(a)

(1) The Executive Director may issue a citation imposing a penalty of $100 to a licensee who:

(A) fails to complete annual continuing education requirements by December 31, including the requirement to submit proof of satisfactory completion thereof to the Commission; or

(B) fails to complete the post-license education requirement, including submittal of proof of satisfactory completion thereof to the Commission within the time frame required.

(2) It is the licensee's responsibility to establish his or her successful completion of an educational requirement through courses acceptable to the Commission.

(b) The Executive Director may issue a citation imposing a penalty of $250 each to:

(1) A licensee who performs activities requiring an active real estate license while his or her license is expired; and

(2) The supervising broker(s) of a licensee who performs activities requiring an active real estate license while his or her license is expired.

(c) Licensees issued a citation may contest the citation under § 17-42-312(d).

Notes

076.00.13 Ark. Code R. 001

7/28/2017