Arkansas

Arkansas is a state with a diverse range of real estate investment opportunities. The state has a strong economy, with a growing population and job market. In particular, the Little Rock and Fayetteville metropolitan areas have seen strong growth in recent years, which can create demand for housing and make them attractive markets for real estate investment. Arkansas also has a relatively low cost of living, which can make real estate investments in the state more affordable compared to other parts of the country. However, it is important for investors to carefully consider the local market conditions and do their due diligence before making any real estate investments.

Sustainability Resources

The Real Estate industry is one of the most environmentally damaging industries in the world accounting for:
30%
of total carbon dioxide
40%
of all energy
40%
of all raw materials
Our goal is to give you the resources you need to take sustainable action in improving, building, retrofitting and revamping your home. The impacts are real, the benefits significant, and the need critical. Join us in bringing sustainability home and creating a brighter future for all, starting with you.

Save money and do the world a favor!
Here's a list of Sustainability Initiatives in the area:

FSC Supplier/Product Search

The Forest Stewareship Council provides user with a search tool to find essential materials and products for those looking to do home renovation based on their location. The FSC works to prohibit deforestation, wildlife habitat, and water quality, tightly restrict the use of hardous chemicals, ensure forests are mananged at sustainable rates of growth and harvesting, protect rare old growth forests and the right of indigenous Peoples. They are the gold standard of forest management and their search tool can be used in the US, Canada, and Mexico.

Learn More
WaterSense Webinars

WaterSense, a subset of the US EPA, puts on sustainability webinars that have different focuses.

Learn More
Alen Breathesmart HEPA Air Purifier

Alen BreatheSmart HEPA Air Purifier is the energy efficient air purifier that filters out airborne particles.

Learn More

Arkansas FAQs

Is Arkansas a judicial or non-judicial state?

Non-Judicial

In a non-judicial foreclosure state, the lender does not need to go through the court system in order to foreclose on a property. This process can be quicker and less expensive for the lender compared to a judicial foreclosure.
In a non-judicial foreclosure state, the lender does not need to go through the court system in order to foreclose on a property. This process can be quicker and less expensive for the lender compared to a judicial foreclosure.

What is the process of closing on a property in Arkansas?

Title agents handle escrows, and attorneys conduct closings. Conveyance is by warranty deed. Mortgages are the customary security instruments. Foreclosure requires judicial proceedings, but there are no minimum time limits for completion. Arkansans use ALTA policies and endorsements and receive a 40% discount for reissuance of prior policies. Buyers and sellers pay their own escrow costs. The buyer pays for the lender’s policy; the seller pays for the owner’s. The buyer and seller split the state documentary tax. Property taxes come due three times a year as follows: the third Monday in April, the third Monday in July, and the tenth day of October.

Property Taxes in Arkansas?

3 times per year; 3rd Monday in April, 3rd Monday in July, and 10th day in October.

In Arkansas, does a property management company require a real estate broker's license?

YES. Key components of property management are considered a real estate activity under existing Arkansas real estate licensing laws. A broker's license is required for any person or company who, for compensation, engages in the lease or rental of real estate in Arkansas, who offers or lists real estate for rent or lease, who collects rent for the use of real estate or who assists or directs in the negotiation of any transaction intended to result in the rent or lease of Arkansas real estate. A salesperson working under a broker may engage in such activities.

Are there any exceptions to the requirement that a property manager have a broker's license in Arkansas?

Certain limited exemptions exist. For example, on-site residential managers who reside at the property and who are engaged in the leasing of real property in connection with their employment need not have a real estate broker's license. For more information about these and other Arkansas property management requirements and exceptions, please contact the Arkansas Real Estate Commission. Before hiring a property manager to manage your Arkansas rental property, you should always check they he or she is licensed properly. You can check the license status of an Arkansas property manager at the Arkansas Real Estate Commission License Search.

Do you need a broker's license to manage community associations in Arkansas?

A community association manager need not be licensed as a real estate broker to manage a community or condominium association in Arkansas.

Arkansas Real Estate Broker Requirements

Title agents handle escrows, and attorneys conduct closings. Conveyance is by warranty deed. Mortgages are the customary security instruments. Foreclosure requires judicial proceedings, but there are no minimum time limits for completion. Arkansans use ALTA policies and endorsements and receive a 40% discount for reissuance of prior policies. Buyers and sellers pay their own escrow costs. The buyer pays for the lender’s policy; the seller pays for the owner’s. The buyer and seller split the state documentary tax. Property taxes come due three times a year as follows: the third Monday in April, the third Monday in July, and the tenth day of October.

Arkansas Real Estate Salesperson Requirements

3 times per year; 3rd Monday in April, 3rd Monday in July, and 10th day in October.

How do property ownership transfers work in Arkansas?

Warranty deed.

Cities