Arkansas 2023 Regular Session

Arkansas House Bill HB1361

Introduced

2/7/23

Refer

2/7/23

Failed

5/1/23

Caption

To Amend The Real Estate License Law; To Create A Property Manager License Requirement; And To Amend The Law Concerning The Arkansas Real Estate Commission.

Impact

If enacted, HB1361 will significantly change the licensing landscape for property management in Arkansas. It will allow individuals to become licensed specifically as property managers without needing a full broker's license, thus lowering barriers to entry for those solely interested in property management. This new framework aims to create a more tailored educational approach, potentially fostering job creation and allowing current brokers and salespersons to focus on broader real estate activities without the requirement of attending specific training that may not be relevant to their work.

Summary

House Bill 1361 aims to amend the Real Estate License Law in Arkansas by introducing a new property manager license requirement. The bill recognizes that the responsibilities and expertise needed for property management differ from those required of real estate brokers and salespersons. By creating a separate licensing category, the bill intends to enhance the professional standards for property managers and ensure that they possess specialized knowledge relevant to their roles, thus improving service quality to both citizens and the business community.

Contention

The introduction of this bill may spark debate regarding the regulation of property managers. Proponents argue that the requisite knowledge underpinning property management warrants a specialized license while detractors may view it as an unnecessary regulatory burden that could complicate entry into the real estate market. Additionally, the bill's provisions related to ongoing education requirements for licensed property managers could be a point of contention, as it imposes a structured and potentially costly educational regime on new licensees.

Additional_details

The effective date for the implementation of the new license law is set for January 1, 2024. The bill outlines detailed requirements for education, ongoing training and specific standards under which property managers must operate, indicating a comprehensive approach to reforming property management practices within the state.

Companion Bills

No companion bills found.

Previously Filed As

AR HB1045

An Act For The Department Of Labor And Licensing - Boards And Commissions Appropriation For The 2024-2025 Fiscal Year.

AR SB78

To Amend The Arkansas Data Centers Act Of 2023; To Prohibit Foreign-party-controlled Ownership Of A Digital Asset Mining Business; And To Declare An Emergency.

AR SB21

An Act For The Arkansas State Game And Fish Commission Appropriation For The 2024-2025 Fiscal Year.

AR SR16

To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Act Of 2023 And To Amend The Requirements For A Digital Asset Mining Business Or Business Using A Blockchain Network.

AR HR1015

AR SB79

To Amend The Arkansas Data Centers Act Of 2023; To Provide For The Regulation Of Digital Asset Mining Businesses; And To Declare An Emergency.

AR HR1009

To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Act Of 2023 And To Prohibit Foreign-party-controlled Ownership Of A Digital Asset Mining Business.

AR SR5

To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Act Of 2023 And To Prohibit Foreign-party-controlled Ownership Of A Digital Asset Mining Business.

AR SCR1

To Amend The Joint Rules Of The House Of Representatives And The Senate Of The Ninety-fourth General Assembly Of The State Of Arkansas.

AR SB5

An Act For The Department Of Labor And Licensing - Workers' Compensation Commission Appropriation For The 2024-2025 Fiscal Year.

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