Take A Test Of Proficiency
A practice test will help you determine if you are preparing for the NJ real estate exam. It will show you samples of the questions asked on the test. When picking a pre-license course, ensure it contains a portion that allows you to practice.
Take the practice exercise as many times as you need to. The more practice you receive, the better youll be prepared for the actual state test.
Take note of the sorts of questions that stump you as you practice, and concentrate your study time on those topics. If you need more experience in real estate math, you might focus your study on that subject to step up your chances of passing the final test.
Real Estate Exams Can Be Difficult: Many Test Takers Fail
While the pass rate on the real estate exam varies based on the state and the specific test in question, there is a notable similarity between all real estate exams: many test takers fail on their first try. For example, the Texas Real Estate Commission notes that the overall pass rate on the states real estate exams over the last two years was only 58.94 percent. The Florida Department of Business and Professional Regulation reports a statewide real estate exam pass rate of only 43 percent. Across the country in California, the pass rate also hovers around 50 percent.
These states are not outliers. The bottom line is clear: many people fail the real estate exam. Does that mean that the real estate exam is hard? In a way it does, but it is also much more complicated than that. The real estate exam is a knowledge test. It does not test applicants on information that they will intuitively know. In other words, you must study to pass this exam.
The good news is that it can be done. With proper preparation, the real estate exam is not that hard. You can pass. How do we know? More than 95 percent of the test takers who use our real estate prep materials pass the exam. We are so confident in our system that we offer a 100 percent money back guarantee that it will work for you.
Real Estate Exam Study Tips
It is necessary to prepare adequately for the exam, just as it is for any other examination, in order to succeed. Starting early is the most effective approach to ensure that you cover all of the topics thoroughly. It may take anything from a few days to several weeks to complete all of the essential real estate courses, depending on your individual study habits and learning style. Instead of cramming the courses into a single sitting, it may be beneficial to set aside a few hours each day so that you may study more leisurely and efficiently assimilate the knowledge.
Youll be less inclined to procrastinate if you do it this way.
Also Check: Lens Crafters Eye Exam Cost
How Hard Are Real Estate Classes
You can take the real estate courses online or in-person in a school. My friend took the classes online to work with his busy work schedule. In my experience and my friends taking real estate classes, online courses are extremely boring, and staring at a computer for 168 hours is not easy to do. Here is what my friend had to say about his experience with real estate education.
If I could do it over again I would take the classes in person if it fits your lifestyle. In-person would have been much more engaging and exciting. Online is good for flexibility of hours, but that is about it. The material is dry, so it is exhausting reading that much on a computer screen for that long. You are probably fully familiar with this. Some online schools are starting to do video-based instruction. I personally would put this in last place. With written material, you can move at your own pace and easily copy/paste, and review sections as needed. A video would be at their pace and you would have to manually take notes. Id avoid online video like the plague.
How Hard Is The Washington Real Estate Exam
Learn everything you can about the exam, the process, the rules, and the testing center before you take the test itself. AMP, the testing business, publishes a candidate guide for licensed applicants that includes the following information:
- Guidelines for administering examinations
It takes 3.5 hours to complete both sections of the Washington Real Estate Broker Examination, which is divided into two parts: the national component and the state portion. Questions from both the national and state levels will be combined, rather than being divided into distinct parts. There are 100 multiple-choice questions on the country. A total of 30 multiple-choice questions are included in the state component of the exam, which covers Washington real estate licensing law.
Recommended Reading: Life Insurance For Seniors Over 75 No Medical Exam
How Can You Start Without 6 Months Of Living Expenses
A lot of people are not able to save 6 months of living expenses. What can those people do to start a career in real estate without having to quit right when things start to happen?
- Some people want to be part-time agents and work two jobs. It is really tough to make it work as a part-time agent because clients need help all the time. If you have a flexible schedule, it may work, but otherwise, it is really tough.
- Joining a team can be one way to earn extra income while you learn the business. My team has hired agents to do hourly work as well as sell houses.
- Find another flexible part-time job. One of my agents was also an Uber driver. They could work whenever they needed, and if they had to show a house, they could stop working whenever they needed.
How Much Does It Cost To Become A Realtor
One drawback to becoming a Realtor is it is more expensive than being just a real estate agent. These fees will vary on the board you belong to and the state you are in:
- NAR: $120 per year
- NAR: $35 special assessment per year
- CAR: $165 per year
- GARA: $209.17 per year
These fees are separate from any MLS dues and fees that must be paid. As you can see, it is expensive to become a Realtor, and I also pay for the agents on my team to be Realtors as well, so it costs me thousands of dollars a year.
Why become a Realtor? Realtors are also supposed to be held to a higher level of ethics.
Below are the pledges a Realtor makes that a real estate agent is not required to make:
Realtors are able to market themselves as abiding by these standards, while real estate agents may not have to abide by these standards . In my experience, I have seen many Realtors and real estate agents act ethically. I have not seen a difference in one or the other being more ethical. When we have had problems with Realtors being unethical, the boards did not do much to help us out.
While Realtors can advertise that they are held to a higher level than agents, I do not think it makes much difference to a buyer or seller.
Read Also: Ap World Exam Practice Test
How Hard Is The Texas Real Estate Exam
Interested in getting a feel for what the Texas real estate test will be like? PearsonVUE is now in charge of administering the licensure test. The most up to current information on the test may be found in their candidate guide, which is available on their website.
Learn more about the state and national portions of the test, as well as how to prepare for them in this article. Some real estate colleges will even give mock exams for its students to take.
Learn more about real estate license and take advantage of exclusive discounts. In Texas, how difficult is it to obtain a real estate license? Is the Texas real estate examination difficult? Considering that 62 percent of agents pass the licensure exam on their first attempt as of November 27, 2021, its reasonable to assume that the examination is not simple. Aceable, on the other hand, now has one of the greatest pass percentages in the state of Texas. Acquiring the needed Texas Pre-Licensing curriculum at a TREC-approved real estate school like Aceable will help you prepare, but its only the first step in getting your license.
Interested in getting a feel for what the Texas real estate test will be like?
The most up-to-date information on the test may be found in their candidate guide, which is available on their website.
Some real estate colleges will even give mock exams for its students to take.
What Does It Take To Get Real Estate License In Florida
You must hold a high school diploma or its equivalent.
- Complete 63 hours of approved Pre-Licensing education.
- Pass the course final exam.
- Submit your fingerprints to the Department of Business & Professional Regulation.
- Complete the application for licensure.
- Pass the Florida Real Estate Salesperson Exam.
Don’t Miss: Alabama Real Estate Exam Prep
Use Flashcards Or Short Notes
A notecard system is one of the most effective techniques for cramming for a test in a short amount of time. If youre receiving a ride to the test or taking public transportation, take a quiz on your commute before you go. This will assist you in getting your thoughts in the appropriate frame of mind while you prepare for the exam. Dont get too worked up if you forget a couple of definitions here and there when going through your note cards.
Simply keep them in a pile and go over them one more time before your examination. The purpose of the notecards is not to prepare you for your real estate test, but rather to get you into a routine before you sit for it.
Dont Forget These Calculations
These computations will not be available at the exam center, thus it is recommended that you memorize them. The following information may be used by candidates in order to do mathematical calculations on the real estate examinations, unless otherwise indicated in the text of the question: Unless otherwise mentioned in the text of the question:
- There are 43,560 square feet per acre and 5,280 feet per mile
- Round off computations
Review of Real Estate Mathematics
Don’t Miss: National Real Estate Practice Exam
The Florida Real Estate State Exam Pass Rate Is Climbing
The pass rate on state exams is increasing at an alarming rate! The Department of Business and Professional Regulation released the monthly data for the state test. There is an increase in the pass rate for first-time exam participants. See the table below to see the pass rate for those who took the Florida real estate sales associate state test for the first time in 2020 and were successful. Continue reading for my hypothesis as to why the pass rate is growing. The months of January and February were quite standard.
Why am I saying this?
Ive argued for a long time that the most common cause for people failing the state test is that they either dont study enough or dont study the appropriate material.
A large number of individuals went to this location on Friday to participate in the Demetree School of Real Estates weekend state test study.
You may sit for the exam in your hometown a few days later if you wanted.
Studying For The Real Estate Exam
Unlike other licensing processes, such as insurance licensing, most states require that you complete three courses approved by the state authority, such as the Department of Real Estate, to be able to take your real estate license exam. These must be done through an accredited institution and will likely take six months or longer.
Completing your required pre-license education is a lengthy process, while concentrated studying for the real estate exam can be done in just a few weeks leading up to the test. Think of the required courses as a steady marathon in real estate knowledge and your study plan as the last mile when you give it your all to get to the finish line, your real estate license exam.
Tip:
Recommended Reading: Eye Exam And Glasses Without Insurance
What Is The Average Pass Rate For The Licensing Exam
As with most information regarding the real estate exam, the average pass rate differs from state to state. There arent any national statistics or information that show how many people pass the exam on their first try. Heres the good news: even if you dont pass on your first try, you can take the exam again. You can take the exam multiple times, and up to three times in a calendar year in many states. Additionally, if you pass either the national or state portion but do not pass both, you only have to retake the portion which you did not pass.
Know Which Advice To Throw Out
Before you take the licensure exam, youll probably seek out mentors whove already been there and done that. Its only natural to want advice from people whove actually taken the exam. Hearing about someone elses first person experience will help you know what to expect when your time comes to take the exam.
However, not every piece of advice will help you on your quest, especially advice doled out from those agents.
Everyone knows those agents. Youve no doubt met those agents who brag about passing the real estate license exam on their first try and in less than an hour.
Heres the thing: You have four hours to take your test. You dont get brownie points if you finish early. Take your time on the test. Trying to compete with others on speed will cause you to miss easy answers.
Also, dont trust anyone who tells you that the exam is easy. Its not. It becomes easier when youre more prepared, but never easy.
Recommended Reading: What’s The Bar Exam
What Is On The Real Estate Exam
The real estate license exam is state-specific, but most cover the same main topics. In California, the real estate exam is divided into seven areas.
- Property Ownership and Land Use Control and Regulations
- Laws of Agency and Fiduciary Duties
- Property Valuation and Financial Analysis
- Transfer of Property
- Practice of Real Estate and Disclosures
Within each section, the state content outline goes over the main topics that you should know and understand to pass the real estate exam. Keep in mind that the state outline just covers the major topics and may not include every detail on the test. Going over the topics in more detail is how a test prep course, practice test, and other study materials can help you prepare.
Benefits Of Obtaining A Georgia Real Estate Exam
Each state has its own set of regulations for obtaining a real estate license. In Georgia, however, obtaining a real estate license is as straightforward as following a few basic procedures.
In a few weeks, hopeful licensees could get their real estate licenses. The average real estate agent earns $47,930 per year. Real estate brokers earn an average of $47,610 a year in Georgia, but salaries can range from $36,000 to $100,000+ depending on experience and competence.
Before taking the examinations and gaining a license, different states demand 20 to over 200 hours of pre-licensing education. Pre-licensing courses in Georgia are required to be 75 hours long.
You May Like: Nassau County Civil Service Exam
How Do Agents Make Money
Many people think of real estate agents as chauffeurs. Agents drive prospective buyers all around town, show them houses for sale, and hopefully, after a few weeks of searching, the buyers decide on a house. Driving buyers around can be part of the real estate business, but there are many ways for agents to make money. I have not had a buyer in my car for years, and even when I worked with a lot of buyers, they were rarely in my car. Most buyers have a car and are perfectly capable of driving it to see a few houses, so dont think being a chauffeur and an agent are the same thing. When agents become super successful, they realize how valuable their time is. Many agents start their own team or strictly work with listings as their career develops. One of the great things about being an agent is you can make it a business, and there are many ways to make a living.
Tip #2 Youve Got Your License Now What
One of the most common remarks we hear from our Graduates once theyve gotten their Real Estate Salespersons license is, Now that I have my license, I dont know what to do. Clearly, the first step is find a Brokerage to work for. We recently wrote a blog post on how to select a brokerage for you to hang your license at. The next thing you will need to learn how to do is to market your services. Truth be told, we are marketers. Some call it marketing, and others call it lead generation.
Either way, it doesnt matter how well you know real estate law if you dont have any clients. No leads equals no business, and yes, there are brokerages that may entice you to join by dangling leads, and while it may seem appealing, it is more important for you to learn multiple lead generation strategies than it is to be dependent on any one source of business, especially when you have little to no control over the flow of those leads.
Fortunately for you, weve planned ahead and created a course entitled, How To Be Successful Your First Year in Real Estate Without Any Money or Any Sales Experience! This 52 week online video course walks you step by step, week by week, through what you need to do to be successful including learning how to market yourself and how to automate your business.
Also Check: How Many Questions Are On The Cma Exam