Arkansas and her people will always hold a very special place in my heart. In 2003, when my mother was dying in Louisiana, I sought out a law school that would let me be close to her and also finish law school. Everyone turned me down except Arkansas. That's how I wound up so heavily invested in real estate there. For about ten years, I had to endure the jabs of my real estate investing peers that I was invested in a backward state, but it seemed like a good place to be invested to me. I had wonderful real estate peer/friends and I did well.
Without getting into too many gory details (the court case can be found on the internet) the Arkansas Real Estate Commission seemed to willfully ignore the facts and law in my case and rule against me. The appellate court slapped them down hard for this and they deserved it. Precious YEARS that I can never get back were wasted fighting these incompetents. This is unconstitutional. Because the Arkansas Real Estate Commission destroyed my pristine reputation, I had no choice but to fight back with extreme force.
Sadly, I must agree with Josh Turley and Xerxes m, the Arkansas Real Estate Commission is just awful. Speak UP, people. I don't understand why the good people of Arkansas tolerate the bad behavior and incompetence of the Arkansas Real Estate Commission. Arkansans deserve better.
If you wonder why your house or building isn't selling as fast as it should or just won't sell, consider the possibility that there are lots of sellers and not a lot of buyers because out of state buyers have left the state in frustration or disgust. It is too risky to invest in real estate in the state of Arkansas because you cannot rely upon the Arkansas Real Estate Commission to make speedy and accurate dispositions in cases brought before them. Think the Arkansas Real Estate Commission doesn't have jurisdiction over your real estate issue? Well, perhaps they'll try to "power grab" dominion and control over your issue that they don't REALLY have like they did in my case.
An abundance of buyers tends to create competition for an asset and drive prices up. One has to wonder if the Arkansas Real Estate Commission is really so dumb, or are they favoring one group over another? I wish someone would make them take a real estate economics test because I bet they'd flunk it.
I wonder how many other multi million dollar real estate deals the state of Arkansas has lost (see Xerxes m review below) due to the incompetence of the Arkansas Real Estate Commission and I wonder why no one seems to care. Multi million dollar real estate deals mean JOBS for Arkansans. Where the HECK is an investigative reporter when you need one? This isn't the sharp, open for business state of Arkansas that I remember.
I still love beautiful Arkansas and her beautiful people, but I will never be back and I don't think I'm the only one. The Arkansas Real Estate Commission does not seem to know what it's doing and it takes so long to decide cases (years) that a typical licensee can easily wind up bankrupted because they cannot work without a license for years. This is unconstitutional. The disposition of cases should take months, not years. I suspect that the Arkansas Real Estate Commission has a rather serious leadership problem.
It's sad and weird that no one seems to care or perhaps they are just massively intimidated? The Arkansas Real Estate Commission has demonstrated its power, will, and ability to arbitrarily destroy long, successful careers and multi million dollar projects. You KNOW it's bad when attorneys are intimidated.
I am FOREVER GRATEFUL that William Bowen allowed me to complete my last year of law school in Arkansas in 2004. Sincere hugs and kisses to my former home. Please do better.