As used in this subchapter:(1) 'Housing accommodation' includes improved or unimproved real property, or a part thereof, which is used or occupied, or is intended, arranged, or designed to be used or occupied, as the home or residence of one (1) or more persons;(2) 'Real estate broker or salesperson' means a person, whether licensed or not, who:(A) For or with the expectation of receiving a consideration, lists, sells, purchases, exchanges, rents, or leases real property;(B) Negotiates or attempts to negotiate any of those activities;(C) Holds himself or herself out as engaged in those activities;(D) Negotiates or attempts to negotiate a loan secured or to be secured by a mortgage or other encumbrance upon real property;(E) Is engaged in the business of listing real property in a publication; or(F) Is a person employed by or acting on behalf of a real estate broker or salesperson;(3) 'Real estate transaction' means the sale, exchange, rental, or lease of real property, or an interest therein; and(4) 'Real property' includes a building, structure, mobile home, real estate, land, mobile home park, trailer park, tenement, leasehold, or an interest in a real estate cooperative or est therein; and(4) 'Real property' includes a building, structure, mobile home, real estate, land, mobile home park, trailer park, tenement, leasehold, or an interest in a real estate cooperative or condominium.Acts 1995, No. 1129, § 1; 1995, No. 1327, § 1.
Arkansas Legal Code