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Regulator, landlords and housing advocates press committee on property-management licensing, habitability and housing affordability

CITY, COUNTY & LOCAL AFFAIRS COMMITTEE - SENATE · March 27, 2024
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Summary

The committee heard testimony from the Arkansas Real Estate Commission, the Landlord Association and housing advocates on licensing gaps, enforcement challenges, recovery-fund payouts and possible reforms including a separate property-management license and eviction-diversion approaches.

The City, County & Local Affairs Committee on Tuesday heard a broad panel on tenant and landlord issues, including whether Arkansas should create a separate property-management license and how to address habitability and enforcement concerns.

Andrea Alford, executive director of the Arkansas Real Estate Commission, told the committee the commission licenses nearly 16,000 brokers and salespersons and handles a modest number of "workable" complaints — 132 in 2023 — that warrant formal investigation. She said the commission has a recovery fund supported by an initial $25 fee for new licensees and noted the fund has paid out "over $250,000" in property-management claims since 2012, including a Hot Springs Village case that led to…

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