If you want to work as a real estate agent or broker, one of the first stages is to pass your state's real estate exam. Whether you're a great test taker or a terrible one, you can't skip this stage.
As a result, you might be asking yourself, "How difficult is the real estate exam?" The answer is contingent on how well you prepare for the exam.
The real estate exam is a difficult test that requires adequate study to pass. However, you must pass the state exam for a real estate broker or agent in order to obtain your real estate license. The importance of proper preparation cannot be overstated.
Is the Real Estate Exam Difficult?
Before we get into test-taking strategies, let's take a look at how difficult the real estate exam is.
Real estate examinations are designed to be difficult to pass so that people who will not be skilled agents can be weeded out. Though the pass percentage varies depending on the state exam, it generally hovers around 50% nationwide. This means that only around half of those who take a state licensure exam succeed.
This can be for a variety of reasons. Sometimes a candidate simply isn't a good test taker. They may not have received an approved real estate education and are unaware of the material. Regardless, because there is a charge associated with the test, it is preferable not to fail.
These pointers will assist you in overcoming these obstacles so that you may easily pass the exam and go on to your license application.
Here are seven tips to help you ace the real estate licensing exam.
- Enroll In A Pre-licensing Course
It is necessary to take a pre-licensing course before taking the real estate licensing exam. You will learn the information on the exam as well as strategies for being a successful real estate salesperson or broker in your state in an exam prep course. You'll be well-prepared for your state's agent or broker exam when you leave.
I recommend looking for a state-specific real estate exam preparation program. Understanding the distinctions between the California real estate exam and the Michigan real estate exam is critical to passing the test.
As long as the online real estate school is state-specific, it might be a suitable option for studying for the real estate exam. If you need some schedule flexibility, taking a real estate course online can help.
- Take A Test Of Proficiency (Two Or Three)
A practice test can help you determine whether you are prepared for the real estate salesperson exam. It will show you examples of the types of questions that will be asked on the exam. When choosing a pre-license course, make sure it includes a school exam that allows you to practice.
Take the practice test as many times as you need to. You will be better prepared for the real state exam with more practice, and you will not waste your money on the test.
Take note of the types of questions that stump you as you practice, and concentrate your study time on those topics. If you need more practice with real estate math, for example, you might concentrate your studies on that subject to improve your chances of passing the final exam.
- Develop Good Test-taking Habits
Your state exam prep course should not only cover the material of the exam, but also give you tips on how to improve your test-taking skills and achieve a passing score. You might wish to think about the following suggestions:
- Begin with questions you already know the answers to.
- Working backwards, eliminate incorrect responses before selecting the best feasible correct solution.
- Don't second-guess yourself or alter your responses.
- If you have time, skip the difficult questions and come back to them later.
- While taking the test, remember to breathe because a lack of oxygen will impair your capacity to recall what you've learned.
- Read the question word for word. Small words like "many" or "all" can dramatically alter the meaning of a question and its response.
- Remember that the goal is to achieve a passing score, not to get everything correct, so start with what you know.
- Write Down And Review Your Notes
Make a number of notes and note cards as you study for the exam. To keep things close to hand, consider using a digital note card program. Take these note cards with you and study for the exam whenever you have a spare moment.
But don't get too worked up about the note cards. Use them as a tool to help you remember what you've learned.
Remember that practice makes perfect, and the more you practice, the better prepared you will be for the exam. As you study, make note cards for any tough concepts you come across, and review, review, review.
- Look For Yourself
Make sure you get plenty of rest and eat a healthy diet in the days leading up to the real estate exam. Stay away from the urge to cram material the night before by staying up late. You will not do well on the test no matter how amazing your prep course is if you are weary.
The night before the test, get a decent night's sleep. This will help you pass the exam more than any amount of cramming.
- Keep In Mind That This Is Not A Race
I want to remind you that the real estate test is not a race, something you won't learn in real estate school. Other applicants will complete their applications faster than you, and some will take longer. Pace yourself to keep under the time restriction, but don't make it a race to see who can finish first.
- Maintain A Positive Attitude
Finally, your attitude will have a significant impact on your success. Don't get caught up with your state's pass rate or the finer points of your pre-license schooling. Do your best and keep a cheerful attitude throughout the process. If you approach the test with the appropriate mindset, you'll have a far better chance of succeeding.
It's also fine if the worst happens and you don't pass. If necessary, you can retake the real estate exam. Learn from your mistakes, enroll in another real estate school course, and try again.
What To Do Once You've Passed The Exam
Your real estate career can begin once you have completed your hard work and passed the real estate exam. Getting a good career off the ground, on the other hand, might be challenging.
Now is a good moment to start looking for a sponsoring broker. A managing broker who will supervise your work as an inexperienced agent is known as a sponsored broker. They increase your company's brand recognition and assist you in finding listings and clients.
Consider continuing education to help you fine-tune your real estate abilities after working as a real estate salesperson for a while with a sponsoring broker. If you wish, you will soon be able to establish an independent real estate career and work as a REALTOR without the supervision of a sponsor.
The real estate exam is an important part of the process of obtaining a real estate license. Take the time to study thoroughly and use exam prep classes to aid you in your preparation, and you will have a high chance of succeeding. If you have trouble, keep in mind that you can retake the course and the exam to reinforce what you've learned.
Questions And Answers About The Real Estate Exam
Is It Possible To Take Real Estate Examinations Online?
While your pre-licensing course can be completed online, the real estate exam is usually administered in person by a third-party proctor. Some states, however, enable you to take the exam online. To learn more about your options, contact the real estate commission in your state.
Are There Multiple-Choice Questions On Real Estate Exams?
There are two sections to the real estate exam: a state-specific test and a generic real estate section. Each one is a multiple-choice question. The state component contains 60 to 80 multiple choice questions, whereas the general section contains 80 to 100 questions.
What Is The Cost Of A Real Estate Exam?
The cost of the real estate test varies based on the state, however it is usually less than $50.