Do you want to become a licensed real estate professional? It can be a good career choice for people who enjoy selling, mixing with people and homes.
To do well as a realtor or real estate agent whether it’s part of an agency or on your own, you’ll need to get your state’s real estate license. There are qualifying courses to do first, and if you can get some industry experience and learn from other brokers and colleagues before the main exam – that will help you too.
Failing the state test on the first attempt is quite common, with some resources suggesting it’s as high as 60%.
However, there’s no limit to how often a person can sit the test. There is a cost to take the real estate license exam, so you won’t want to take it too many times.
You can pass it the first time with adequate planning, study, and practice as well as seeking information on how to study for the real estate license exam.
Attend The Course Regularly
Being absent from your course and you’ll miss out on vital information. Studying online works well, plus make sure you complete your required coursework at a licensed real estate school.
Begin studying the content as soon as your real estate classes or program starts. Plus, supplement your study material with what you can find to read online. For example, read eBooks on successful realtors and property investors. Plus, test your knowledge by creating examples of real estate sales and investing strategies.
Don’t Skip The Homework
Do all the practice tasks and homework mentioned in your online course or in-classroom study if you are part of in-person learning.
Instructors may not be able to cover all of the exercises in the textbook. Therefore find peers to help reinforce course topics in addition to self-study.
If you’re working in a realtor agency, ask your colleagues to test you on the sales and purchase agreement as it is vital you know the legal agreement. If you’re studying before securing work experience, get a friend to test you on all the clauses.
Memorizing Questions Isn’t Enough
Focusing on materials geared to help you pass the real estate test can help you build a strong study foundation. In addition, there are many practice exams accessible on the internet. Because questions and exams vary due to changing business practices and legal changes, it’s critical to employ the most up-to-date training materials, study guides, and resources.
The test questions vary daily, so you will need to grasp each topic well. Failing to pass the real estate license exam happens due to a lack of comprehension of the role and knowledge of the industry. Therefore don’t rely on just remembering the questions and answers of practice tests.
For the jargon, read the lexicon and test your understanding of terms and their meanings.
There can be many correct answers; therefore, when you answer the questions, keep in mind the background content and peripheral conditions or information that can make a solution more accurate than another.
When you read the question and the correct answer aloud three times, the repetition helps you remember what you’re learning, so the solution will stand out when you encounter the question on the test.
Reorganize your notes in preparation for the test.
Examine and organize your notes by significance, highlighting key ideas, formulae, dates, and definitions so they’re easier to grasp. It also aids in the development of a system that enables you to color code test content according to what is crucial, less critical, and so on. This method helps you concentrate on the essential details and organize the information.
Visual learning has been shown to help people remember knowledge for more extended periods, improve understanding, and even increase motivation!
As a result, making mind maps or diagrams to comprehend how the things you’re learning connect might be beneficial. This is particularly useful when studying topics that build on one another’s comprehension.
There are many ways to turn your study sessions into a game. Make a quiz for yourself, make acronyms, or congratulate yourself for a well-done job. Make a game strategy that enables you to complete activities and get rewarded for each one.
For example, after finishing a new chapter, treat yourself to a bit of treat or give yourself a five-minute break for each piece of information you absorb. Whatever you choose, make sure you like it!
Create A Study Schedule
If you’ve been out of school for a while or not taken a course for a bit – doing so can be an overwhelming experience. It’s hard not to look at all the course content and believe there’s too much of it and that it will be too hard to pass the exam.
A top tip is to focus on subjects and work out how long it takes you to study and absorb the content.
Once you know your learning style, you can work out how long you need to study to complete a topic chapter. Create a realistic study schedule to complete the course content comfortably and organize your notes and practice sessions.
Study, review, practice each session sets you up to succeed. Then get someone to test you a few days later – this will test your learning and identify what topics you need to spend more time learning.
For practice testing, choose a calm, undisturbed location. Make sure you’ve got a score sheet, a calculator, a pencil with an eraser, and some scratch paper. Do not begin unless you have allotted enough uninterrupted time to finish a practice exam in its entirety.
For example, the 150-question salesperson test will take 3 hours and 15 minutes. This time limit equates to around one and a half minutes for each question, so you can’t devote excessive time to any single issue.
Keep track of how much time you’ll need for the test. If you’re having trouble with a question, skip it, write the question number in a column on your scratch paper, and move on.
Another question may provide some insight into the ones you skipped. Make an effort to finish each test in less time than the time allotted for the state exam.
Continue to take the practice and final tests until you obtain a 90 percent score. This is crucial for many students to pass the test.
Real Estate Licence Exams Composition
There are two components to the real estate license exams: national and state. Although you’ll want to understand certain fundamental principles concerning state-specific ownership rights and regulations in the long run, don’t let this deter you at first.
The exam assesses your ability to complete a test and get a pass mark. As a result, you’ll require a firm grasp of terminology and meanings. Design your exam questions and get a real estate professional to review your answers.
Do what you enjoy, and it’s no longer work or learning – it’s fun! Being in real estate sales is full of surprises, and the work is varied and challenging. The income is what you make it – i.e. do well and you can earn hundreds of thousands or maybe a million!
Real estate license tests are challenging by purpose. They are designed to weed out the people who are not serious about the role and how to be an excellent real estate broker.
This is why many fail to pass the exam on their first attempt. The pass rate varies per state and is around 50% nationally.
That’s all there is to it!
- Investment4 years ago
Investors Compare Residential To Commercial Property
- Investment4 years ago
What Do Landlords Fear Most?
- Investment4 years ago
AirBnB Your Rental Property Is It Worth It?
- Management3 years ago
Top 7 Reasons Why You Should Hire a Property Manager
- Buy4 years ago
How To Get A Property Before You’re 30
- Buy3 years ago
Who Is The Real Estate Agent Working For?
- Legal4 years ago
How to Deal with Tree-Related Neighbour Disputes in Australia
- Investment3 years ago
Tips From A Property Investor On How To Improve ROI
- News4 years ago
Real Estate Negotiation Tips For Sellers, Buyers, Renters, Investors
- Management3 years ago
Healthy Homes For All!
- Renovation2 years ago
7 Modern Small Kitchen Design Trends: 2020 Edition
- Technology3 years ago
The Future Is Now: Some of the Most Spectacular Home Automation Upgrades
- Investment2 years ago
Watch Out Tenants Landlords Selling Up
- Rent3 years ago
The 8 Most Common Rental Property Repairs Every Landlord Must Know
- Rent2 years ago
A Good Time To Be A Renter In Sydney
- Accounting & Finance3 years ago
Money Laundering Through Property