TO AMEND THE LAW CONCERNING THE ARKANSAS REAL ESTATE COMMISSION; TO CREATE A PROPERTY MANAGEMENT BROKER AND PROPERTY MANAGEMENT ASSOCIATE LICENSE; AND TO AMEND THE REAL ESTATE LICENSE LAW.

HB 1558 creates two new licenses for property management professionals in Arkansas: a Property Management Broker license and a Property Management Associate license. This bill amends the existing real estate licensing law to establish these specific categories, directly affecting individuals and businesses seeking to manage residential or commercial properties. The law requires applicants to meet defined education, experience, and examination standards for each license type. It does not change existing real estate broker or salesperson licenses but adds these new pathways for property management roles. The bill became law as Act 392 on March 25, 2025.