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Arkansas Residential Purchase Agreement

An Arkansas residential purchase agreement is a contract between the seller and the buyer of a residential property. This agreement sets forth the terms and conditions by which both parties are legally bound.
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Updated May 29, 2024

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State Laws

Agent’s Responsibilities (Real Estate Regulations 10.6) – A real estate agent must make “reasonable efforts” to give material facts about a property.

Buyer Beware  – Arkansas recognizes a caveat emptor rule which recognizes the seller’s right to hand over a property in an “as-is” condition. According to the Arkansas Real Estate Commission, there are no required disclosures by a seller/owner in a sales transaction.

Required Disclosures (2)

Lead-Based Paint Disclosure – Federal law requires that sellers disclose the possibility of lead paint on a property built before 1978.

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Seller’s Property Disclosure Form – Although there are no regulations demanding a seller to disclose property defects, it’s common practice for the seller’s agent to include a property disclosure form in a residential purchase agreement.

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