Some of the many things to know about real estate exam involve the major objectives which are to test for professional efficiency and wide-base knowledge in the concerned individuals; also, it is focused on bracing the energy and puling the mental resources for the real estate business.
The real estate business is a very lucrative world where investments in buildings, properties like land, etc. yield huge profit given so many factors and risks. Real estate can be valued or devalued based on the amount of environmental degradation that has occurred. Environmental degradation can cause extreme health and safety risks. There is a growing demand for the use of site assessments (ESAs) when valuing a property for both private and commercial real estate.
Any person who engages in real estate transactions as an agent for another must first obtain a real estate license in the state in which they will work. For the general purpose of protecting consumers, each state has its own rules, regulations, and examination for obtaining a real estate license.
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The Examination
Just as there are examinations to be done before one gains practically any entry at all into anything, the real estate industry also has its own exams which any interested individuals must first sit in order to be certified for qualified practice in the business. Here are however things to know about real estate exam.
Real estate exams are typically conducted on a computer and consist of two parts: a national portion covering real estate principles and practices and a state-specific section that tests your knowledge of your state’s real estate law. Each section is scored separately, and you must receive a passing grade (determined by each state) on both sections to pass the exam.
If you fail one part of the exam, you typically need only retake that section. The exams are multiple-choice format; each state determines the number of questions and the time allotted for the exam.
Once you have completed your pre-licensing course, you should receive instructions on scheduling, registering, and paying for your exam. You can find out more information by visiting the testing provider’s website. A few of the primary providers are:
- Applied Measurement Professionals (AMP)
- Assessment Systems Incorporated (Person VUE)
- Psychological Services Incorporated (PSI)
Real Estate Classes
Every state requires you to take some real estate pre-licensing course and demonstrate that you have completed a course with a minimum number of hours before you can schedule to take the real estate license exam. Each class is accompanied by textbooks, workbooks, or online material to assist your studies. It is important to take a course that fulfills your state’s education requirements, considering that there is no “national” real estate course or license. In most states, there are several ways that you can fulfill the education requirements, including:
- Online pre-licensing courses: All coursework is conducted over the Internet. Search “online real estate classes” to find options; not all online schools offer classes in every state.
- Brick-and-mortar real estate “schools”: In-person classes taught by real estate professionals. Search “(your state) real estate school” to find local schools.
- Community colleges: Many community colleges offer real estate classes that fulfill their state’s pre-licensing requirements. Contact your local community college for information.
Read Also: About Graduate Management Admission Test
You may save money using one type of class program over another; however, it is important to choose the method that will work best for your learning style and schedule.
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What To Do To Pass the Real Estate Exam
Pay attention to some of these things to be done to pass the exam without stress:
Do as many practice real estate exam questions as you can
The test is multiple choice and you will perform MUCH better if you’ve been doing practice tests that mimic the real exam. Use a trusted service like our practice exams to prepare for actual the real estate exam. Having studied just the material is usually not enough to pass!
Start by only answering questions that are extremely easy
Go through the entire exam and only answer the questions that are extremely easy and you are fairly confident in your answer. This will give you a sense of progress and your subconscious will be thinking about the questions you skipped.
Look at the answers first
While going through the exam, look at the answers first. You are looking for keywords and vocabulary terms that stand out. If you used a product like our real estate practice exams or real estate exam videos, this will be easier since we specifically tailored our content to train you on key terminology.
Do not choose an answer you have never heard of
It’s unlikely to be the correct answer if you have been studying the material.
Work backwards to the correct answer
Eliminate obviously wrong answers and work backwards to the correct answer. You may be able to eliminate only one or two of the options. Even so, you’ve raised your odds of getting the correct answer from 25% to 50-75%. That’s a big improvement!
Skip questions you don’t know the answer to
Don’t waste time on a question you can’t answer. Skip questions you don’t know the answer to. For example, if math is difficult for you, skip the math problems until after you finish the rest of the exam. Occasionally, the answer to an earlier question is revealed in a later question.
Don’t Change Your Answer
As a general rule, once you’ve answered a test question, don’t change your answer, even if you’re unsure of the answer you selected. It has been statistically proven that you are much more likely to change an answer from correct to incorrect.
Select the Same Answer Option if Need Be
If you answered four consecutive questions as “A,” don’t assume that the next question’s answer can’t also be “A”. This can and does happen!
Don’t Keep Score
Keeping score as you progress through the real estate exam might discourage you and affect your overall performance on the real estate salesperson or broker examination.
Compete Not
You’re given plenty of time to complete the exam and you should use as much of it as you need. Don’t worry if other examinees finish before you do. Many students who finish quickly fail.
