agency

Principal Broker and Executive Broker (Arkansas)

In Arkansas, the principal broker is responsible for the business conducted under the firm's license and for every associated licensee, and must instruct, inform, and strictly supervise them. The principal broker may delegate day-to-day supervision to an executive broker by filing AREC's designation form, effective when filed, but remains responsible. A branch office needs a designated executive broker. Associate brokers hold broker licenses but supervise no one.