What is the required bond amount for an agent in a Time-Share Development in Arkansas?

In Arkansas, the required bond amount for an agent involved in a Time-Share Development is set at $10,000. This bond serves as a form of security and assurance that the agent will comply with the state's real estate laws and regulations governing time-share developments. The bond protects consumers by providing a financial guarantee that the agent will conduct business in a trustworthy manner.

This requirement is established to ensure a level of professionalism and accountability within the industry, reinforcing consumer confidence in transactions related to time-share properties. The specific amount of $10,000 reflects the state's effort to balance the need for securing consumers while considering the operational realities for agents in this specialized area of real estate.