What must all participants in a real estate transaction in Arkansas comply with?

All participants in a real estate transaction in Arkansas must comply with the Arkansas Real Estate License Law. This law establishes the framework under which real estate professionals operate in the state, detailing the requirements for obtaining and maintaining a real estate license. It governs the conduct of real estate agents and brokers, ensuring they adhere to standards that protect consumers and maintain the integrity of transactions.

By requiring compliance with the Arkansas Real Estate License Law, the state ensures that individuals involved in real estate activities are qualified and knowledgeable about the laws and regulations that govern their practices. This not only protects consumers but also promotes fair and ethical practices within the industry. Other laws and guidelines mentioned, while potentially relevant in certain aspects of real estate transactions, do not specifically govern the entire field as comprehensively as the Real Estate License Law does in Arkansas.