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California Real Estate Exam: Everything You Need to Know
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If you’re looking to get a real estate license, this article will explain whether or not you need to enroll in a real estate school to take the classes required for the real estate exam. It will also cover alternative ways to meet the pre-licensing education requirement.
Yes, every state requires candidates to take real estate classes. This shows that they have completed the pre-licensing course requirements and are eligible to register for the exam. Each state has its unique pre-licensing requirements.
Pre-licensing courses usually have a minimum number of hours that must be completed, which varies from state to state. For instance, the required pre-licensing education totals 135 hours in California, while in Florida, it requires only 63 hours.
Another requirement for the pre-licensing education is that it must be taken at a state-approved real estate school.
License reciprocity is an agreement between two states that allows a licensed real estate agent from one state to practice real estate in another without fulfilling all the licensing requirements of the second state. Note that not all states have license reciprocity agreements. While some have no agreements with other states, some only allow reciprocity from limited states.
Some states have full reciprocity, meaning a licensed real estate agent from one state can bypass their pre-licensing education requirement and obtain a license. On the other hand, some states may only have partial reciprocity, meaning that the agent may still have to meet certain requirements, such as taking a portion of the licensing exam or completing additional education.
Examples of states that have full reciprocity with other states include Alabama, Alaska, Colorado, Georgia, Kentucky, and Missouri.
Some states accept specific college courses related to real estate as an alternative to a formal pre-licensing program. In these states, the college courses are seen to provide candidates with the necessary knowledge and background they need to be agents.
Therefore, candidates who take such courses are exempted from taking the pre-licensing classes. However, not all states accept this arrangement. Check with the state's real estate department to find out if your state exempts you for the right college classes.
An example of a state that allows this is California, where candidates can use college credits towards the 45-hour pre-education course if the credits are from a real estate or law-related course. Other examples include Colorado, Florida, Hawaii, and Nebraska.
A real estate pre-licensing course is an educational program designed to provide you with the knowledge and skills you need to prepare for your real estate career. The pre-licensing course content is set by the state’s real estate department.
These courses typically include content that covers the state's real estate laws and regulations. Additionally, they also cover some federal real estate topics, which include:
Once you complete the course and pass the final exam, your real estate school will award you a completion certificate. This certificate must be submitted in some states before registering for the real estate exam.
In conclusion, all aspiring real estate exam candidates must take classes to meet the pre-licensing education criteria. However, there might be exceptions, such as license reciprocity and college credits. Always check with the state's real estate department to find out the specific licensing requirements of your intended state.
The world of real estate is dynamic, often offering lucrative opportunities for those involved. A key question that many aspiring and current real estate agents have is: How much can I earn? This article delves into the intricacies of a real estate agent’s income, offering insights into the factors that influence earnings and how agents can maximize the amount of money they make.
How much do first-year real estate agents make? The average first-year salary for real estate agents ranges from $30,000 to $50,000.
This depends on location and the number of transactions closed. How much new real estate agents earn varies widely. Building a client base and gaining experience take time.
That's why new agents struggle in their first year. They simply don't have the time that seasoned agents have had.
The harsh truth is new agents can make no money in their first year. This can happen despite their best effort.
But as they close more deals, their earnings will increase.
In competitive markets or high-demand areas, new agents might see earnings closer to $60,000 or more.
However, new agents should consider the costs associated with starting their career. This includes licensing fees, marketing expenses, and brokerage splits, which can affect net earnings.
With hard work and a good plan, many first-year agents can quickly boost their income as they start in the market.
The salary of part-time real estate agents varies. They base their income on closed transactions within the year.
On average, part-time agents earn between $20,000 to $40,000 per year in commission.
Part time agents work fewer hours and handle fewer clients. Their earnings are lower compared to full-time agents.
But, part time agents can still make a substantial income. If they work in high-value markets they can make similar income to full time agents.
There is no standard commission percentage rate. Real Estate agents negotiate their split with their client or even split it with the seller's agent.
A few factors determine how much percentage real estate agents make. Local market, type of property, and agent's experience to name a few.
On average, real estate agents earn a commission from 1% to 4% of the home’s sale price.
Do real estate agents make commission off rental properties? Yes, they can! Many agents earn a commission for helping clients rent properties. This is equal to one month’s rent or a percentage of the annual lease value.
How do real estate commissions off rental properties work? The landlord pays the commission. This payment is significantly smaller compared to one earned from buying or selling a home.
The income structure of a real estate agent is largely based on commission, a model that aligns the agent's earnings with their success in selling properties. This commission-based structure is unique compared to many other professions and warrants a closer examination.
Commissions are typically a percentage of the property's sale price, negotiated and agreed upon in the agent's contract with their client. In the United States, this rate usually hovers around 5–6%.
Understanding how commissions are split in real estate transactions is crucial as it directly impacts an agent's earnings. This process becomes more complex with the involvement of brokers, who play a critical role in most real estate transactions.
In a typical real estate transaction, the total commission is often split between the buyer's and seller's agents. For instance, with a 6% commission on a sale, each side might receive 3%.
This split can vary based on the agreement between the involved parties. Sometimes, the selling agent might receive a larger portion of the commission, especially if they are also the listing agent.
Real estate agents typically work under a broker or a brokerage firm. Brokers are licensed to manage their own real estate businesses, while agents are licensed to work under brokers.
When an agent completes a transaction, the commission first goes to the broker under whom they operate. The broker then disburses the agent's share according to their agreement. The split is agreed on between the broker and the agent during the hiring process.
If the real estate agent is on a team, it’s not uncommon they will split their commission with their team members. The amount of the split is agreed on by the agent and team leader when onboarding them to the team.
Traditional Split Model: The broker takes a set percentage of each transaction. For example, a 70/30 split means the agent receives 70% of their commission, and the broker takes 30%.
100% Commission Model: In this model, the agent keeps all the commission but pays a desk fee or a flat fee per transaction to the broker.
Hybrid Models: Some brokerages offer a mix, with lower desk fees and a smaller split percentage.
To better understand how real estate agents earn their income, let's break down a more detailed example of a commission calculation:
A real estate agent successfully closes the sale of a house priced at $400,000. The agreed-upon commission rate is 6%.
This detailed breakdown provides a clearer picture of how real estate agents' commissions are calculated, the influence of brokerage cuts, and the actual earnings an agent might expect from a single property sale.
Real estate agents' earnings can vary significantly based on several key factors. Understanding these can help agents strategize for higher income and career growth.
The real estate market varies greatly from one region to another. High-demand urban areas or regions with high property values typically offer greater earning potential.
Experience in the industry often correlates with higher income. Experienced agents usually have extensive networks, better negotiation skills, and a deeper understanding of the market.
Higher education or specialized real estate certifications can position an agent as more knowledgeable, potentially attracting more clients.
Full-time agents who dedicate more hours typically have higher earnings than part-time agents. The flexibility and often irregular hours in real estate can impact how much an agent earns.
Effective marketing and networking significantly contribute to an agent’s success. Building a strong personal brand and maintaining a robust professional network can lead to more referrals and listings.
Agents who specialize in certain types of properties (like luxury homes or commercial real estate) or specific markets may have different earning potentials due to the nature of their specialized field.
The terms of an agent’s affiliation with their brokerage, including commission splits and other fees, significantly impact their net income.
Agents who effectively use technology for virtual tours, online marketing, and efficient client communication may gain a competitive advantage, leading to more sales and higher income.
An agent’s reputation for reliability, honesty, and effectiveness can lead to repeat business and referrals, which are crucial for sustained success in the real estate industry.
Aside from direct sales, many agents also earn through listings, where they may receive a smaller commission for listing a property, even if they aren't the selling agent. Some agencies offer bonuses for high-performing agents or additional compensation for agents who both list and sell a property.
How much does a real estate agent make per sale? Let's say the agent negotiated 3% commission on the sale of a home. If they sell a $500,000 home, they would make around $15,000.
The agent will also split this amount with their brokerage. Let's assume they have a 70/30 split. If they keep 70%, they earn $10,500.
How much do real estate agents make a year? The annual income depends on the number of transactions they close.
In the U.S., full-time real estate agents make $50,000 to $90,000 per year, on average. High-performing agents can make six figures or more, especially in competitive markets.
Real estate market conditions are a critical factor influencing agent earnings. These conditions can fluctuate based on various economic indicators, consumer confidence, and broader societal trends, impacting both property values and transaction volumes.
In a seller's market, low housing inventory and high demand drive up property prices, potentially leading to higher prices and therefore higher commissions. Conversely, a buyer's market is characterized by a surplus of properties, leading to lower prices and potentially smaller commissions per transaction.
The overall economy plays a significant role in the real estate market. Economic growth and high employment rates usually boost the housing market, while recessions can lead to a slowdown in real estate activity.
Changes in interest rates can significantly impact buyer affordability. Lower interest rates generally increase buying power and housing demand, whereas higher rates may reduce demand and slow the market.
Policies related to housing, such as tax incentives for homebuyers or investment in affordable housing, can influence market dynamics.
Specific regional issues, such as changes in local industries, migration trends, or zoning regulations, can have a significant impact on the real estate market in those areas.
In 2023, the average annual income of real estate agents in the United States exhibited notable geographical diversity. States like Connecticut, Alaska, and New York led with the highest averages, each surpassing $100,000, indicative of robust real estate markets in these regions. On the other end, states like Louisiana, Wyoming, and Hawaii
reported lower average incomes, around the $60,000 mark, reflecting different market dynamics. The variance across states underscores the impact of local economic conditions, housing demand, and market trends on agents' earning potential. Overall, these figures highlight the broad spectrum of financial opportunities available in the real estate sector across the country.
Real estate agents looking to build a successful career and maximize their incomes can adopt a variety of strategies. Here's a list of actionable steps that can contribute to enhanced success in the real estate industry:
Beyond traditional buying and selling, agents can explore rental property management, becoming a real estate consultant, or investing in real estate themselves. This diversification can provide additional income sources and help balance market fluctuations.
Focus on creating compelling listings with high-quality photography, engaging descriptions, and leveraging tools like virtual tours. Well-presented listings attract more buyers and can lead to quicker sales and potentially higher prices.
Develop a strong digital marketing strategy that includes an optimized website, active social media presence, and email marketing campaigns. Utilizing SEO best practices can help in reaching a broader audience and generating more leads.
Create a structured referral program that incentivizes past clients to refer to new business. This could include referral bonuses, gifts, or exclusive services for clients who refer new leads.
Don't limit your operations to just one area. Expanding into new neighborhoods or regions can open up new markets and client bases. However, ensure to research and understand the new area's market dynamics thoroughly.
Position yourself as an industry expert by hosting informative sessions for buyers, sellers, or investors. These events not only provide value to attendees but also increase your visibility and credibility.
Collaborate with local businesses like home improvement services, moving companies, and lawyers to offer bundled services. This can enhance your service offering and create mutually beneficial referral opportunities.
Invest in a robust CRM system to efficiently manage client interactions, follow-ups, and appointments. A good CRM system can significantly increase productivity and client satisfaction.
Stay ahead by regularly attending real estate courses, webinars, and industry conferences. Continuous learning ensures you are up-to-date with market trends, legal changes, and new technologies.
Provide outstanding service to every client. Happy clients are more likely to do repeat business, offer higher commissions, and refer others. Prompt responses, thorough market knowledge, and a professional attitude are key components.
Encourage satisfied clients to leave reviews on your website and social media platforms. Positive testimonials can be powerful tools for building trust with existing and potential clients.
Implement time management techniques to maximize productivity. Prioritizing tasks, delegating when appropriate, and using technology to automate processes can free up time to focus on revenue-generating activities.
As you gain experience and build a track record of successful transactions, consider negotiating higher commission rates with your brokerage or clients.
Develop and promote a unique personal brand that sets you apart in the market. This can include a professional website, a consistent message across all platforms, and a distinctive service approach.
Real estate agents who proactively adapt to these changes, diversify their skills, and leverage technology effectively are more likely to witness an upward trend in their earnings and overall success in the industry.
Want to learn how to find more clients, close more deals, and earn bigger commissions? Join our real estate agent training program, From Rookie to Rockstar.
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He shares with you the blueprint he used to sell more than a $1 Billion in real estate. To learn more click the button below.
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The real estate industry is a cornerstone of the economy, involving the buying, selling, and leasing of properties. It is a sector that not only impacts the financial well-being of individuals and families but also shapes communities and cities. Given the significant role real estate plays in people's lives, it is imperative that professionals operating within this industry adhere to high standards of ethics and professionalism.
Unfortunately, a 2022 Gallup poll revealed a concerning statistic: only 4% of respondents had "very high" trust in the honesty and ethics of real estate agents. This highlights a pressing need for ethical guidance and standards in the industry.
In response to the need for ethical standards, the National Association of Realtors (NAR) established a Code of Ethics. This code is a comprehensive framework designed to ensure that real estate professionals conduct their business with integrity, professionalism, and fairness. It is a set of guidelines that outlines the ethical responsibilities of agents and brokers when interacting with clients, customers, and fellow industry professionals.
The Code of Ethics is not merely a suggestion; it is a binding agreement for all NAR members, which includes a vast majority of real estate professionals in the United States.
The Code of Ethics consists of 17 articles, each addressing different aspects of ethical conduct in real estate transactions. These articles are divided into three main categories: duties to clients and customers, duties to the public, and duties to other realtors. Some of the key ethical obligations outlined in the Code include:
Trust is a critical component in the real estate industry. The 2023 PWC trends research emphasizes the importance of trust, highlighting that it can enhance business outcomes and relationships within the sector.
A real estate professional's reputation and success are heavily dependent on their ability to foster trust with clients, customers, and other industry stakeholders. By adhering to the Code of Ethics, real estate professionals demonstrate their commitment to ethical conduct, which in turn helps build trust and confidence in their services.
The Code of Ethics aims to protect various stakeholders in the real estate industry, including:
Violating the Code of Ethics can lead to serious consequences for real estate professionals. Disciplinary actions may include fines, suspension, or required education courses.
Moreover, ethical breaches can tarnish a professional's reputation and negatively impact their career. It is therefore crucial for all real estate professionals, whether NAR members or not, to understand and adhere to the principles outlined in the Code.
For real estate professionals, understanding and adhering to the NAR's Code of Ethics is not just a requirement; it is a cornerstone of professional conduct. It is what separates the trustworthy and respected professionals from those who are viewed with skepticism.
Whether you are a member of the NAR or not, following the principles outlined in the Code can enhance your professional conduct and contribute to a more ethical and trustworthy real estate sector. In a world where trust is a precious commodity, adhering to a strong code of ethics is the key to building lasting relationships and a successful career in real estate.
Want to learn how to find more clients, close more deals, and earn bigger commissions? Join our real estate agent training program, From Rookie to Rockstar.
This is an online training with 6+ hours of video modules. Each video sessions is taught by Richard Schulman, one of the leading Keller Williams real estate agents in the country!
He’ll show you the fundamentals of working as a real estate agent, how to scale your business, conduct walkthroughs and presentations to land clients and close deals, and so much more.
He shares with you the blueprint he used to sell more than a $1 Billion in real estate. To learn more click the button below.
Click the button below to join today.
In the realm of real estate, the terms "title" and "deed" are often mentioned and sometimes used interchangeably. However, they refer to distinct aspects of property ownership. As a real estate agent, it's crucial to understand the differences in these concepts to provide accurate and useful information to your clients. This guide will delve into the differences between a title and a deed and their significance in real estate transactions.
A title is a legal concept representing the right to own, possess, use, control, and transfer a specific piece of real estate. It is the evidence of ownership and includes all associated rights, interests, and benefits. Holding a title means having legal ownership rights and the ability to exercise various prerogatives related to the property.
Ensuring a clear and marketable title is vital in real estate transactions. A title search is conducted to verify that the title is free from claims, liens, encumbrances, or other issues that could affect the buyer's ownership rights or the property's value. This process helps confirm the chain of ownership and identify potential legal or financial problems.
It's important to note that a title is not a physical document but a legal concept representing ownership rights. However, documents like deeds, surveys, and title insurance policies can support and document the title, establishing and protecting the owner's rights and interests. Let’s now look at what a deed is.
A deed, in contrast, is the physical legal document that evidences the transfer or conveyance of property rights from one party (the grantor) to another (the grantee). It is used in property transactions to formally transfer ownership of real estate. A deed typically includes information such as the parties involved, a description of the property, the grantor's intent, the consideration exchanged, and the signatures of the grantor and witnesses or a notary public.
Once executed, the deed conveys legal ownership rights from the grantor to the grantee, making the grantee the new owner of the property. The deed serves as evidence of their rightful ownership.
When explaining the difference between a title and a deed to clients, consider using the following terms:
In essence, the title is the official record of ownership, while the deed is the physical document that legally documents the transfer of ownership. The title establishes your rights as the owner, and the deed provides the paper trail of the transaction that made you the owner.
Understanding the difference between a title and a deed is fundamental for real estate agents in guiding their clients through property transactions. A clear grasp of these concepts ensures a smooth and secure real estate experience. With this knowledge, agents can navigate the complexities of title and deed transfers, facilitating successful transactions in the dynamic real estate industry.
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During the Pennsylvania real estate exam, you'll frequently encounter the term "Pennsylvania State Real Estate Commission." But what exactly is it, and why is it important to know?
The Pennsylvania State Real Estate Commission is the regulatory body responsible for overseeing the real estate industry in Pennsylvania. Its primary role is to protect public interests by ensuring all real estate professionals conduct their activities with honesty, trustworthiness, integrity, and competence. .
The Commission is tasked with granting and renewing licenses to individuals and entities in the real estate profession. It also administers and enforces state laws related to real estate activities, including those involving cemeteries, cemetery companies, promotional properties, and campground memberships.
One of the Commission's key responsibilities is to establish requirements for continuing education for real estate brokers and salespersons as a condition of license renewal. Additionally, any school offering real estate instruction must obtain approval from the Commission and adhere to its rules and regulations (Pennsylvania Association of Realtors®).
Industry members of the commission are professionals who are actively involved in the real estate sector. They bring their expertise and practical experience to the commission, ensuring that regulatory decisions are informed by a deep understanding of the industry.
These members typically include licensed real estate brokers and salespersons who have demonstrated a commitment to upholding professional standards.
Public members of the commission represent the interests of consumers and the general public. They are not actively engaged in the real estate industry but are appointed to ensure that the commission's decisions consider the welfare and protection of the public.
Public members play a critical role in providing a balanced perspective and helping to maintain the commission's accountability to the community it serves.
The members of the Pennsylvania State Real Estate Commission are appointed by the Governor of Pennsylvania. The selection process is designed to ensure that the commission is composed of individuals with the necessary expertise, experience, and perspective to effectively regulate the real estate industry and protect the public interest.
The Governor's appointments are subject to confirmation by the Pennsylvania Senate. This process helps to ensure that the commission members are qualified and capable of fulfilling their responsibilities.
If you are pursuing a real estate license in Pennsylvania, understanding the Commission's role is crucial. Here's how the Commission is involved in the licensing process:
The Pennsylvania State Real Estate Commission is responsible for granting and renewing licenses for various roles within the real estate industry. These roles include real estate brokers, salespersons, and rental listing referral agents.
The Commission ensures that individuals and entities seeking licensure meet the required standards for professionalism and ethical conduct. This process involves a thorough evaluation of each applicant's qualifications and background to safeguard the interests of the public in real estate transactions.
To qualify for a real estate license, applicants must fulfill specific educational requirements set by the Commission. This typically involves completing a pre-licensure course from an approved education provider.
Following the completion of the educational requirements, applicants must pass a comprehensive examination that tests their knowledge of real estate principles, laws, and practices. The Commission oversees this process to ensure that candidates possess the necessary skills and knowledge to perform their roles effectively in the industry.
Once licensed, real estate professionals are required to engage in continuing education to maintain their licenses. The Commission establishes the criteria for these courses, which are designed to keep real estate professionals informed about the latest developments in the industry, including changes in laws, regulations, and best practices.
This requirement ensures that real estate practitioners remain competent and are able to provide high-quality services to their clients.
The Commission plays a crucial role in enforcing laws and regulations related to real estate activities in Pennsylvania. It has the authority to investigate complaints and allegations of misconduct against licensed real estate professionals.
When violations of state laws or regulations are found, the Commission has the power to take disciplinary action, which can include fines, suspension, or revocation of licenses. This regulatory oversight function is essential for maintaining the integrity of the real estate industry and protecting the public from unethical or illegal practices.
The Pennsylvania State Real Estate Commission plays a vital role in regulating the real estate industry in the state. Whether you're aspiring to become a licensed real estate professional or are already working in the industry, understanding the Commission's functions and requirements is essential for success.
If you’re feeling overwhelmed from studying and taking the real estate exam, don't worry.
This article is designed to be your ultimate study guide and checklist, equipping you with the knowledge and strategies to prepare for and pass the real estate exam.
The real estate exam isn't the same across the U.S. Each state has its specific exam, with a different set of questions, timeframe, and passing requirements. It is, therefore, important to check your state's specific requirements and exam structure before you begin your preparations.
Typically, real estate exams consist of two portions:
While the state-specific portions of these exams may vary, there are some core topics that nearly every real estate exam tests for. A thorough understanding of these core topics will greatly increase your chances of passing, regardless of your state. They include:
This has to do with the structure of the state's real estate department and the regulations they impose on real estate salespersons and brokers. State-specific real estate laws and regulations may include:
The real estate exam will test your knowledge of federal laws prohibiting discrimination in housing. You should, therefore, be well-versed in the Fair Housing Act of 1968 and its provisions to ensure equal housing opportunities for all individuals. Expect questions on:
This topic involves knowing the responsibilities of agents to their clients, including loyalty, confidentiality, disclosure, obedience, and accountability. You may also be asked to identify scenarios where these duties come into play.
Real estate transactions involve various contracts and disclosures. You should be prepared to learn contract concepts, such as offer and acceptance, and the importance of legally binding agreements.
Familiarize yourself with the basics of real estate financing, including mortgages, interest rates, loan types, and the roles of financial institutions in real estate transactions. You might also encounter questions about loan qualifications and mortgage calculations.
Real estate exams often include math-related questions. You might be required to perform calculations involving:
Ensure you're comfortable with these mathematical concepts before your exam to enable you to answer the questions accurately.
This topic involves understanding the processes of transferring property ownership, including deeds, titles, and the various forms of property ownership, e.g., joint tenancy and tenancy in common. Also, be prepared to answer questions related to property conveyance.
One of the keys to success in the real estate exam is mastering common and uncommon real estate terminologies and acronyms. You can easily grasp the bulk of the study material by understanding the terminology.
Be sure to remember important acronyms like RESPA (Real Estate Settlements and Procedures Act). There will be questions with acronyms and knowing them will help you understand what the question is talking about.
Here are the best study tips and strategies that will boost your confidence and enhance your chances of acing the exam.
This step is all about organizing your resources for the journey ahead to make your study process easier and more efficient. Before you begin studying, take note of all the materials at your disposal, including:
Make these resources quick and easy to access for when you study. That way, you spend less time finding the information and more time learning the information.
Establishing a study routine is important! Study schedules help you remain consistent with your studies by ensuring that you spend quality time studying every day while balancing your other daily activities.
Here’s our study length tip: 1-1.5 hours every night. Don’t force yourself to study for long swaths of the time. That will make mustering up the will to study more difficult! Studying a little bit every night helps you build momentum because it’s much easier to manage and let’s you learn and retain more.
In tandem with your study schedule, an outline can provide a roadmap for what to study and when. This outline can be as detailed as you need it to be, covering entire topics, chapters, subtopics, and specific focus areas. Your outline should also contain deadlines and timelines to help you stay on track and prevent delays.
We recommend making an outline based on subjects. For example, focus on fair housing laws in one study session and then contracts the next. This helps you focus and build a bigger picture for each subject without adding more stress of switching gears continuously.
Vocabulary words and acronyms are vital components of real estate learning, and one of the most effective ways to memorize them is by using flashcards. You can create handmade paper flashcards or use digital ones to test yourself on key terms regularly.
Practice exams are invaluable in helping you become familiar with the actual exam format and questions. They also provide a platform to practice test-taking strategies and assess their effectiveness. We recommend taking practice exams repeatedly until you consistently score at least 80% on each exam you take.
Study groups are a great way to solidify your understanding of your learning materials. You strengthen your knowledge by engaging in discussions, explaining concepts to others, and listening to others explain their version of the same concepts.
Additionally, you can learn from the test-taking strategies of others and adapt them to your advantage. We recommend getting in contact with a few classmates from your pre-licensing course. If you took the courses online by yourself, look around for online groups or your school’s community pages.
We mentioned making flashcards and taking practice exams before. It’s a lot of (unnecessary) work to create your own flashcards and practice questions. Luckily, we provide an online real estate exam prep package that gives you access to thousands of vocabulary flashcards, unlimited practice exams, explanation videos, and an eBook study guide.
You’ll learn math formulas you need to know, have quick and organized access to every concept and acronym on the exam, and unlimited access to countless variations of practice exams. This is the quickest and easiest way to study for the real estate exam.
As your exam day approaches, it's essential to ensure you're well-prepared, both physically and mentally. Here is a breakdown of the best practices you should implement the night before and the day of your exam.
The night before your exam is the best time to organize everything you need for the exam. Here are some things to do:
Take some time to make a checklist of your exam essentials, including:
Remember that being well-prepared will save you from unnecessary stress in the morning.
While squeezing in a last-minute study session might be tempting, it's generally not advisable. This is because cramming can lead to anxiety and hinder your performance during the exam. Instead, trust in your preparation, and remember that a good night's sleep is more valuable.
A balanced meal will keep hunger at bay, helping you focus and preventing distractions as you prepare for the big day. It’ll also put you in the right mood and give you plenty of energy to focus.
Take some time to unwind and ease your mind. Instead of worrying about the exam, engage in activities that help you relax, such as reading a book, watching a comforting movie, or practicing relaxation techniques.
Fatigue can affect your cognitive abilities and decision-making, making you underperform during the exam. Therefore, your top priority the night before your exam should be to get a good night's sleep.
The morning of your exam should be dedicated to double-checking you have everything you need and getting yourself into an excited, positive attitude. Here are some things to do on the day of your exam to give you a good start:
Waking up early after a good night's rest is important on the day of your exam, as it gives you ample time to prepare for the day. Waking up early also prevents you from rushing to meet up with the time for your exam, helping to keep you calm and collected.
Double-check that all the items necessary for the exam are ready. Consult the list you made the night before and make sure you don’t forget them while you walk out the door.
Mental clarity is very important before your exam, and you should create an environment that puts you in this state. Silence or turn off your phone and avoid engaging in activities that may cause unnecessary stress.
Enjoy a nutritious breakfast or meal before heading to the exam center. Eating well helps reduce hunger distractions and enhances your ability to think clearly during the exam.
Before leaving for the exam center, indulge in activities that put you in a positive and confident mood. These could be listening to your favorite music, taking a short walk, or practicing deep breathing exercises.
As you step into the exam room for your real estate exam, it's essential to have a strategy in place to maximize your chances of success. These tips will help you navigate the exam with confidence and efficiency.
Math problems can be time-consuming and often comprise a small portion of the exam – typically between 5 and 10 questions. It is, therefore, advisable to postpone them until later so you can focus on answering the easier, less time-consuming questions first.
However, if a math question seems straightforward and the answer is obvious, feel free to answer it first.
Starting with the easy questions instead of the more difficult ones builds your confidence and ensures you cover a substantial portion of the exam faster. This approach also gives you more time to tackle the more challenging questions later.
Real estate exam questions are designed to be tricky, Pay close attention to words like:
These words intentionally alter the question's meaning and confuse you. Therefore, it is important to read each question carefully and only pick an answer when you’ve understood it. Some questions are intentionally designed to trick you.
If you encounter a question whose answer you’re unsure of, use the process of elimination to increase your likelihood of selecting the correct answer. This process involves crossing out answers you're certain are incorrect to narrow down your options.
If you've diligently studied, you should be familiar enough with the topics to identify terminologies that did not come up when you studied. If an answer seems unfamiliar, avoid selecting it, as it is likely incorrect.
On occasion, exam questions may offer two answers that are opposites. In such cases, one of these options is likely correct. Consider both choices carefully and use your judgment to determine the right one.
One common test-taking strategy is to look out for longer or more detailed answers that provide comprehensive information, as they are usually the correct answers in many cases.
If you don’t know the answer to a question, try to take a guess. Remember, unanswered questions are always wrong, whereas guessing will give you a 25% chance of getting the answer right.
Rushing through the exam to finish first is counterproductive. It puts you in a rushed state that can leave you second-guessing yourself and increases your chances of making errors. Instead, take your time and try to get as many questions as possible answered correctly within the allotted time.
Regarding real estate exams, you do not need to get a perfect testing score. All you need to do is achieve the minimum passing score. In most cases, you won’t be shown your final score. In fact, there is no benefit to getting a score higher than what is needed to pass. So don't waste time dwelling on a few challenging questions.
Before submitting your exam, take a moment to review your work. Ensure that no questions are left unanswered and that you haven't overlooked any details. This final check can make a significant difference in your results.
This guide contains all the information we’ve learned from students passing the exam in the past based on what they have done. They’re tested advice that we recommend to all students! But, the one thing we recommend the most is getting our exam prep package. It consolidates everything you need to study for the exam and it’s accessible and easy to use. Don’t go into the exam without it!
You’ve completed your educational requirement, and one of the last things standing between you and your license is the Pennsylvania real estate exam. While this is an exciting and important step, it also requires preparation and focus to ensure you pass your test and get your license!
Once you’ve completed your courses, you should take several weeks to study and get ready for the exam. If you’re preparing to take the Pennsylvania real estate exam, keep reading to learn:
Here is a short 10-question Pennsylvania exam to test your real estate knowledge. This exam mimics our practice exams featured in our exam prep package. If you want the full package, tap the button below.
To schedule your exam, you must first submit your Certificate of Completion for the required courses to PSI Services LLC, a private company that the state contracts to administer and schedule real estate licensing exams.
When your application is approved, you can then schedule your exam. You must schedule your test at least 24 hours in advance, and no walk-ins are allowed.
During the registration process, you’ll have to pay an exam registration fee of $54, which covers both the state and national sections of the test. You’ll also have to pay some additional fees after you pass the exam, including a background check and your salesperson licensing fees, which will total around $127.
In Pennsylvania, there are 10 different Pearson VUE test centers across the state for you to take your exam. Those locations include:
You can review the test dates and availability for the location nearest to you using the Pearson VUE website.
Make sure to arrive at the test center at least 30 minutes early on the day of your test, and prepare to be there between 1 and 2.5 hours.
While some states offer online real estate exams, in Pennsylvania, you must take your real estate exam in person at a Pearson VUE test center. While you must take your exam in person, all of the tests are administered on computers at the test center in a multiple-choice format. This requires scheduling your test at least 24 hours before taking the exam at one of the 10 test centers.
On exam day, ensure you come prepared with all your required documentation. Pennsylvania requires two different forms of ID that are unexpired and government issued. One must have a photo, while the other only needs a signature and legal name.
Examples of acceptable IDs include:
Keep in mind that if your name is in any way different from what’s outlined on your form of ID, you’ll have to bring proof of a name change. Otherwise, you will not be allowed to take your exam and will have to reschedule.
Aside from your IDs, it’s recommended to bring a basic calculator for any math questions that might require a calculator. Make sure it’s just a basic hand-held calculator, though — no graphing calculators are permitted.
The Pennsylvania Real Estate exam is made up of 130 questions with a national and state section. When you sit down to take your exam, you’ll have 120 minutes to complete the national portion and 60 minutes for the state section.
Your real estate pre-licensing course should have covered all of the outlined topics, but it can be helpful to understand the exact breakdown of each category.
The national section will test you on the general information and skills you’ll need to become a successful real estate agent. The eight key sections include:
Each state also has a specific section designated to go over their specific laws and regulations. In Pennsylvania, this is comprised of 40 questions based on the rules and regulations that are unique to Pennsylvania and the laws in place there. The categories in this section include:
Once you submit your exam, you’ll receive your score immediately and see if you passed or failed.
There is a real estate math calculation section on the real estate exam that covers information like property area calculations, valuations, commissions, loan financing costs and more. The number of math questions can vary based on the specific test copy you’re taking, but it is safe to assume there will be several questions.
The Pennsylvania Real Estate Commission also outlines that you should memorize some basic real estate calculations like the number of square feet in an acre or the number of feet in a mile. It’s not required, but bringing a calculator can help you with any large calculations in this section.
Don’t be surprised when you sit down to take your real estate exam! The Pennsylvania real estate exam can be a challenge — but only if you haven’t taken the time to study or prepare. The more time you spend studying, the easier you’ll find the exam and pass on the first try.
Understanding the number of questions and the breakdown of content can be helpful in creating a study strategy around what you should study the most. The national section of the exam for both a salesperson and broker exam includes 80 questions, and to pass, you must get at least 60 right.
In the state section, you’ll find 40 Pennsylvania-specific questions for the salesperson exam and the broker exam. To pass, you’ll need to answer at least 23 correctly.
The real estate exam isn’t exactly easy, with 61% of people passing the national portion on the first try and only 46% passing the state-specific section on the first try. With less than half of test takers passing the state section on the first try, the Pennsylvania real estate exam is considered moderately difficult and requires thorough preparation in advance.
If you don’t pass the test on the first try – don’t worry! You are still able to retake the exam as many times as needed until you pass. While you won’t be able to reschedule your exam at the test center, you can go to the PSI Services website to find another date and time that works for you. Keep in mind that you’ll have to pay the examination fee again.
Since the state and national sections are scored separately, you might pass one section but fail another. If this happens, you’ll only have to retake the section you failed within the authorization period. For the salesperson exam, you have five years after completing your educational requirements to take the exam. For brokers, you have 10 years, giving you plenty of time to pass the exam.
With proper study and preparation, you will be able to pass your Pennsylvania licensing exam and start helping clients buy and sell real estate. However, this requires the time and investment into an exam prep program so you can go into your exam feeling confident. A guided program will reiterate the lessons from your pre-licensing coursework and provide you with study tools to prepare you for the multiple-choice questions on the exam.
If you’re looking for some specific study tips, we can help. Here are some common tactics and suggestions to get the most out of your studying.
Set yourself up for success by creating a study schedule that you can follow throughout your exam prep. Whether life gets busy or you need a little extra structure, having a designated time to study for your real estate exam will ensure it’s top of mind when the time comes.
Put the time on your calendar, and then set a timer for the study time block. We recommend studying a little bit every night if possible, or at least every other night.
You’ll thank yourself later that you took the time to set up a schedule and be consistent with your exam prep!
If you have a hard time memorizing or learning different real estate terminology, an acronym or mnemonic device can help. These are study strategies that use rhyming words or phrases to help your brain remember vocabulary words. A common mnemonic device is Roy G. Biv for the colors of the rainbow. Try creating a mnemonic device for different real estate terms or concepts.
There are countless benefits to joining a study group to prep for your real estate exam. While studying alone might help you focus, joining a study group can connect you with other students and provide you with new ways to learn and remember information.
You'll be able to discuss problems and ideas together, helping to foster new connections and become more confident about the exam material. Plus, with a study group, you’ll have some added accountability leading up to the exam that can ensure you stay on track with your study schedule.
Your pre-licensing classes helped you learn the material, but a Pennsylvania real estate exam prep can get you ready for the exam and the content you’ll see on the exam. When you purchase up for our exam prep package, you’ll get access to our suite of study materials, including:
You can add real estate crash course videos. It's 8+ hours of video content that teaches you the concepts, vocabulary, historical events, and more. Led by our head instructor, Robert Rico, our crash course videos teaches you everything you need to know to pass on your first try.
Every year, thousands of people take and pass the Pennsylvania real estate exam thanks to diligent studying and prep. If you’re looking for a trusted, affordable and easy-to-use study program, we can help. Sign up now for our free trial and get started studying for your Pennsylvania real estate exam!
Mortgage loans play a crucial role in real estate transactions. It's important to know the different types available, including package mortgages. This article explains what package mortgages are, how they differ from other loans, and what you need to know for the real estate exam.
A package mortgage is a loan that covers both the purchase of a property and the personal property inside it, such as appliances and furniture. Both the real estate and personal property are used as collateral for the loan. For example, if a home is valued at $200,000 and has $50,000 worth of personal property, a package mortgage could be obtained for $250,000 to cover both.
A mortgage is essentially a loan secured by a property where the borrower agrees to repay the borrowed amount over a set period. To be eligible for a mortgage, buyers need to satisfy the lender's requirements, which usually involve assessing the buyer's credit history, debt levels, income, and the costs associated with owning a home. When evaluating a loan application, lenders often consider the four main components of a mortgage payment, known as PITI: principal (the loan amount), interest (the cost of borrowing), taxes (property taxes), and insurance (homeowners insurance).
For example, if a buyer takes out a $200,000 mortgage with a 4% interest rate for 30 years, the principal is $200,000 and the interest is the cost of borrowing that amount over the loan term. Additionally, the buyer will need to pay property taxes and homeowners insurance, which are included in the monthly mortgage payment. The lender will review all of these factors to determine if the buyer qualifies for the loan.
Not backed by the federal government, usually requires a higher down payment.
Used for higher-priced homes, depending on local standards.
Interest rate remains the same throughout the loan term.
Interest rate changes annually.
Government-backed loans requiring lower down payments.
Loans for military members or veterans; no down payment required.
Loans for rural areas; no down payment required.
For financing a house being built or renovated.
Borrowing against the equity built in a home.
Seller financing, where the buyer makes payments directly to the seller.
Lower payments initially, with a larger payment at the end of the term.
Used to purchase multiple properties under one loan.
When comparing package mortgages and blanket mortgages, it's important to understand their distinct purposes and structures:
In summary, while a package mortgage combines financing for a home and its contents, a blanket mortgage consolidates financing for multiple real estate properties. Both have their specific use cases and benefits depending on the borrower's needs.
When preparing for the real estate exam, it's important to grasp the concept of a package mortgage. This type of loan not only finances the purchase of real estate but also includes the personal property within it, like furniture or appliances, with both assets serving as collateral.
Additionally, a solid understanding of the key differences between various mortgage types, such as Conventional, FHA, VA, USDA, fixed-rate, and variable-rate mortgages, will be beneficial. It's also crucial to distinguish between package mortgages and blanket mortgages. While a package mortgage is used for financing a single property along with its personal contents, a blanket mortgage is designed for financing multiple separate properties under one loan agreement.
To get better prepared for the real estate exam, consider signing up for our real exam prep package where we cover everything you need to know to succeed.
Mortgage loans play a critical role in real estate transactions. Unless the transaction is fully paid in cash, loans are the next viable option.
Want to make studying for the real estate exam? Join our real estate crash course and exam prep program.
When you join, you get 8+ hours of video content designed to teach you the concepts, vocabulary, historical events, and laws you’ll see on the national real estate exam.
Our exam prep package comes with unlimited practice exams, vocabulary flashcards, an eBook study guide, thousands of question and answer videos, and video explainers.
Get both program together or individually. You can access the real estate crash course videos and prep package using the US Realty Training app.
To join the program, click the button below. Let’s make studying easy!
Your dream of becoming an Oregon real estate agent is so close! The last thing standing in your way is passing the Oregon real estate exam and getting your license. If you’re getting ready to take the Oregon real estate exam, understanding all of the nuances and requirements can help you feel prepared and confident.
In this blog, we’ll help you understand:
Let’s dive in!
Here is a short 10-question Oregon exam to test your real estate knowledge. This exam mimics our practice exams featured in our exam prep package. If you want the full package, tap the button below.
Ready to make it official? To schedule the Oregon real estate exam, you’ll need to go to the PSI Exam website and create an account. Oregon has contracted with PSI Exams to administer the real estate licensing exams, and they offer both in-person and online testing.
Once you’ve created an account, you can decide whether to take the exam at a PSI test center in person or if you’d prefer to take it online at home. Even if you decide to take your exam at home, you’ll still have to pick a date and time in advance when you’ll log on and take the exam.
After you’ve selected your preferred time and method of examination, you’ll pay the $75 examination fee, and then you’ll be officially booked for your exam!
If you decide to take the exam at one of the PSI Testing Centers in Oregon, you’ll be able to pick from a handful of locations to find the most convenient center for you. PSI has testing centers in the following Oregon cities:
Look at the schedule and offered times to find a testing center and date that works best for you and your location.
Yes! You can take your Oregon real estate exam online. You can indicate when you book your exam that you’d like to take it via a remote proctor and can confirm your home computer system meets the requirements.
Even though you’re taking it at home, you’ll still be required to keep your camera on and start the test within 15 minutes of your scheduled time. Otherwise, you’ll forfeit your test fee and will have to reschedule the exam.
When exam day comes, even if you’re taking your exam remotely, you’ll need a form of ID to confirm your identity. This must be a government-issued ID like a passport, driver’s license or military ID, which shows your signature and photograph.
If you’re taking the test in person at a PSI Test Center, it’s recommended to bring as few personal items as possible on your exam day. You won’t be allowed to bring anything into the testing room with you, so leave your items in your car or in a locker at the testing site. You can review the details about what is and isn’t allowed on PSI’s website.
When you sit down on exam day, you want to feel confident and prepared to take your exam. As they say, knowledge is power, so take the time to familiarize yourself with the contents of the Oregon real estate exam first!
The exam is composed of two sections — an Oregon-specific section and a national real estate section. The Oregon real estate section is meant to quiz you on the rules and regulations that are in place in the state, while the national section is more about the practice of real estate generally.
The Oregon section includes the following categories:
On the national section, you can expect the following categories:
By having a clear understanding of all the different categories and areas you’ll be tested on, you can strategize how you want to study and which areas deserve the most of your attention.
There will be a few math questions on the exam, but no need to worry! Overall, these make up a small portion of the total questions — 10% of the national section. But these questions are more geared around general math principles and less specific calculations. Some math questions are best saved for the end, because they take the longest to solve. So, if you spend the whole time answering math questions, you could miss out on answering the easy ones. It’s best to save math for last!
Yes, the Oregon real estate exam is difficult. If the exam was easy, everyone would be a real estate agent in Oregon! And while it’s not impossible, taking the licensing exam should be taken seriously so you can get your license without spending more time, money, and effort retaking the exam.
Across the national and Oregon-specific sections, there is a total of 130 questions — 50 in the state section and 80 in the national section. You’ll have a time limit to complete each section, so keep that in mind as you take your practice tests and study the material. You’re given 150 minutes to complete the national section and 90 minutes on the state section.
After all the hard work and studying, the magic number you’re looking for is 75%. You need to answer 75% of the questions correctly on both sections to pass the Oregon real estate licensing exam. This means that even if you get a 100% on the state section but a 65% on the national section, you won’t pass and will have to retake the exam.
On the test day, once you submit your exam, you’ll be able to see if you passed or failed. If you fail, you’ll get emailed a diagnostic report that can help give you an overview of your strengths and weaknesses, which you can use to help study and retake the exam.
The good news is you can take the exam as many times as necessary. The bad news, though, is that you’ll have to repay the $75 examination fee every time. That’s why investing in an exam prep course like RE State Exam Prep can help you pass the exam on the first try and save money in the long run.
If you do need to retake the exam, you’ll have to wait 24 hours and schedule it for another day. Since no walk-ins or same-day testing is allowed, make sure to follow up after your results come in and schedule a re-test.
Most students ask themselves, “How can I pass the Oregon real estate exam?” And the answer is actually much simpler than you might think — proper preparation and focus.
While all the educational classes leading up to the exam give you the foundation you need, investing in a guided exam prep course can arm you with helpful study tools and resources specifically for the exam.
Try some of these tips and tricks as you prepare for the Oregon real estate exam!
Setting yourself up for success and passing the Oregon real estate exam requires consistency. One of the best ways to do that is to create a study schedule that you can stick to and involves studying several times a week.
Having this routine in place will give you the structure you need to dedicate time to studying for the exam. Plus, when life gets busy, you’ll be able to rely on your study schedule to offer that consistency and organization that’s helpful to passing the exam.
While studying every night would be ideal, taking the time to at least study every other night can still make a big impact. Even if you only have 15 or 30 minutes to spare, those small time blocks can make a huge difference in your study schedule. Set a timer and get to studying!
Looking to freshen up on your memorization skills? Bring it back to basics with an acronym or mnemonic device. This strategy has been used in classrooms for decades and utilizes rhyming words or phrases to help your brain remember vocabulary words. A common example is the phrase Roy G. Biv to remember all the rainbow colors. If you have a certain process or area that you’re struggling to remember, come up with a memorization strategy like this to help you recall it when exam time comes.
If you’re struggling to stay focused or feel alone in your studying, try to join a study group! When you meet other people that are also studying for the Oregon real estate exam, you’ll be able to build connections with fellow students and potentially collaborate to learn new methods of studying and retaining information. Plus, real estate is all about networking. So why not get a head start before you get your license by joining a study group?
As you prepare for the real estate exam, the more resources you have to practice and study, the better. That’s why investing in a guided help prep course can give you that added boost you need to feel confident and ready on exam day.
Unlike your pre-licensing educational classes, a guided prep course is specific to the test, giving you the study skills and information like practice tests that help you pass the exam. With countless practice questions and study guides, our Oregon real estate exam prep gives you an engaging and interactive way to study while helping you understand exactly what will be on the test and where your strengths and weaknesses are.
Plus, the extra investment in a guided prep program can help you save money in the long run by minimizing the chances you have to take the exam more than once.
With our packages starting at $49.99, you’ll get access to:
You can add real estate crash course videos. It's 8+ hours of video content that teaches you the concepts, vocabulary, historical events, and more. Led by our head instructor, Robert Rico, our crash course videos teaches you everything you need to know to pass on your first try.
Don’t let the real estate exam pressure get to you! After all the hard work and preparation, you’re closer than ever to becoming an Oregon real estate agent.
Walk into exam day feeling confident and excited. With our cost-effective, reputable and proven guided exam prep, you’ll be ready to ace your exam and get your real estate license. Plus, you can feel confident it’s an investment that will pay off with our pass guarantee.
Ready to get started? Sign up today for our free 3-day trial to see how we can help.
As the world shifts toward digital learning, leveraging online resources for real estate exam preparation has become increasingly popular.
In this blog, we'll explore the benefits of online study, and key components of exam preparation such as comprehensive study guides, practice exams, videos, tutorials, and terminology flashcards.
The flexibility and convenience of online learning empower individuals to tailor their schedules to fit diverse lifestyles, accommodating professionals, parents, students, and those with demanding responsibilities.
Online companies like US Realty Training, provide access to an array of study materials, ranging from comprehensive guides to interactive quizzes and video content. The cost-effectiveness of online resources, often available at affordable rates, makes quality education and exam preparation more accessible. Because learning isn’t contingent on other people, students can study at their own time.
Taking full advantage of online study resources goes beyond just accessing information. Here are some key aspects to focus on:
Interactive learning tools transform the online study experience from passive reading to active engagement. Platforms offering quizzes and flashcards encourage regular and consistent testing, which is key to memory retention.
Simulations and interactive modules provide hands-on experience, especially beneficial for practical subjects. These tools often include immediate feedback mechanisms, allowing students to understand their progress in real time. Additionally, gamified learning elements make studying more enjoyable and less monotonous.
Video lectures and webinars are invaluable for breaking down complex concepts into digestible, engaging formats. They offer the flexibility to pause, rewind, and review sections, accommodating different learning paces. Visual and auditory learners particularly benefit from this multimedia approach. Online libraries and e-books provide instant access to a wide range of resources, making research more efficient.
Study apps are essential for modern learners, providing solutions for efficient time management, effective note-taking, and organization of study materials. Apps like Evernote and OneNote allow for synchronizing notes across devices, ensuring your study materials are always accessible.
Task management apps like Trello and Asana help in setting deadlines and prioritizing tasks, keeping your study schedule on track. These tools also often include features like reminders and progress tracking, which are crucial for maintaining consistent study habits.
Online forums and study groups offer a platform for collaborative learning, where you can share ideas, ask questions, and gain new perspectives. Engaging in discussions can deepen your understanding of topics and expose you to diverse viewpoints.
These communities also provide emotional support, as members often share common goals and challenges. They can be particularly beneficial in preparing for exams where group members can share resources, study tips, and encouragement.
One of the primary challenges to studying is dealing with distractions. A home environment, brimming with potential interruptions, necessitates the creation of a dedicated study space and the establishment of a routine to cultivate disciplined study habits.
Time management is another critical hurdle; the flexibility of online courses can lead to procrastination and not utilizing your time efficiently. To counter this, it's effective to set a structured schedule, break down study materials into smaller tasks, and employ techniques like the Pomodoro method to keep yourself on track.
Another significant challenge is the feeling of isolation and lack of motivation that can accompany online learning. Building a network through online study groups and forums can mitigate this, fostering a sense of community and shared purpose.
Setting achievable, short-term goals and rewarding yourself upon completion can also help maintain motivation. Staying organized and up-to-date with course requirements is crucial; utilizing digital tools for tracking progress and deadlines can ensure you remain aligned with the course's demands and changes.
As exam day approaches, it's essential to concentrate on a few key strategies to ensure you're optimally prepared. This will also help alleviate the added stress that is common on exam day.
Focus on revisiting key concepts and summaries rather than trying to absorb new information. Use your well-prepared notes or flashcards for a quick recap of the main ideas. This approach helps reinforce your understanding and boosts your confidence in the material you've already mastered.
Adequate rest is crucial. Ensure you get a good night's sleep before the exam to maintain mental sharpness. Avoid late-night cramming sessions that can lead to mental and cognitive fatigue. On the exam day, eat a nutritious meal to fuel your brain and maintain energy. This combination of rest and proper nutrition is pivotal in enhancing your focus and concentration during the exam.
By focusing on these three strategies, you'll be better prepared to face your exam with confidence, clarity, and calmness, which are as important as your grasp of the subject matter.
The best way to study for the real estate exam is with comprehensive study guides, practice exams, video explanations, and terminology flashcards. Our online exam prep program ensures each student has access to these resources.
The study guides in our program serve as essential navigational tools, meticulously dissecting complex real estate concepts into digestible and understandable sections. This breakdown transforms intimidating topics into accessible content, making the learning process more approachable and less overwhelming for students.
Practice exams within the program are designed to closely mirror the format and topics of the actual real estate test, providing a realistic and valuable practice experience. These exams are crucial in helping students gauge their understanding of the testing material, and highlights areas of strength and those needing further study.
By simulating the exam environment, they help alleviate anxiety and build confidence, ensuring students are not only knowledgeable but also test-ready.
Video tutorials in the program are crafted to cater to a variety of learning styles, particularly benefiting visual learners. These tutorials provide clear, engaging visual explanations of topics, making complex concepts easier to grasp.
Flashcards are another integral component of our program, offering a quick and effective way to memorize and recall key terms and concepts. These flashcards are designed for efficient, on-the-go learning, making it easy for students to review and reinforce their knowledge anytime, anywhere.
Want to make studying for the real estate exam? Join our real estate crash course and exam prep program.
When you join, you get 8+ hours of video content designed to teach you the concepts, vocabulary, historical events, and laws you’ll see on the national real estate exam.
Our exam prep package comes with unlimited practice exams, vocabulary flashcards, an eBook study guide, thousands of question and answer videos, and video explainers.
Get both program together or individually. You can access the real estate crash course videos and prep package using the US Realty Training app.
To join the program, click the button below. Let’s make studying easy!
If you’re looking to begin a career as a real estate sales associate in Oklahoma, you must learn about the state requirements needed to qualify for a license.
In this article, we’ll cover everything you need to know about the Oklahoma real estate exam and provide effective tips on how to study for the exam. Here’s a list of what you can expect to gain as you read on:
Here is a short 10-question Oklahoma exam to test your real estate knowledge. This exam mimics our practice exams featured in our exam prep package. If you want the full package, tap the button below.
To schedule the Oklahoma real estate exam, all aspiring candidates must first meet the following requirements:
After completing your pre-licensing education, you should submit a license application to the Oklahoma Real Estate Commission (OREC). Your application should include a background check processed through IdentoGO and the correct documentation as proof of citizenship. The commission will review your application within 5 business days.
If your application is approved, you’ll be sent an email containing your Candidate ID information and information on how to contact Pearson VUE to schedule your examination. Within 48 hours of this approval, you’ll receive a second email from Pearson VUE containing a direct link to schedule your exam online.
If you’re a first-time user, upon logging on to Pearson VUE's website, you must create an account by providing your candidate ID number, name, email, and password. After creating an account, you should be able to view available examination dates, times, and locations. If you have any questions or require assistance during this process, call Pearson VUE at 877-659-3843.
The Oklahoma real estate exam fee costs $75.00. Aside from this, you can expect to spend another $195 during the entire license application process. Here is a breakdown of the overall cost:
Candidates for the Oklahoma real estate licensing exam are to take their exams at any of the designated Pearson VUE testing centers around the state. These locations are as follows:
In Oklahoma, you can take the real estate salesperson exam online while monitored by a proctor. You must select the Remote Proctored instead of the Site Proctored option while scheduling your exam on the Pearson VUE website. Your computer must also meet a compatibility check at least 24 hours before the examination.
On the day of your Oklahoma real estate exam, you are expected to bring one form of identification, which includes:
The Oklahoma real estate exam is made up of two sections, namely:
Here are some topics you will come across in the national portion of the exam. The percentage of questions you can expect from each topic is written in front of it:
Here are some topics you will come across in the state portion. The number of questions you can expect per topic is written in front of each topic:
Yes, there will be math on the Oklahoma real estate licensing exam. These math questions will be found in the national portion and will be related to basic math concepts, such as Loan-to-Value (LTV) ratios and discount points, as well as calculations on transactions, such as property tax calculations, seller’s proceeds of sale, and commission splits.
Keep in mind that solving these math problems could be difficult and time-consuming. Therefore, save these questions for the end while you continue to answer the other questions, unless the answers are easy. This allows you to answer more questions and maximize your allocated time.
Yes, the Oklahoma real estate exam is hard. In fact, it has a reputation to be one of the hardest real estate licensing exams in the United States. Regardless of how difficult this exam can be, it is not impossible to pass on the first try. To significantly improve your chances of passing, you must make every effort to study for the exam before and after the pre-licensing education.
The Oklahoma real estate sales associate exam has a total of 130 multiple-choice questions. 80 of these questions fall under the national portion, while the remaining 50 fall under the state-specific portion. Candidates are given a total of 3 hours to complete the exam.
Note that 5-10 experimental questions may be added to a candidate's test. Although these questions will not be scored, candidates must answer them within the allocated examination time. These questions are used to evaluate the quality of the exam and develop future licensing examinations.
The passing score for this exam is 70%, implying that you must get at least 56 answers right on the uniform portion and 35 on the state portion. After submitting the exam, your score will be displayed on the screen, and a score report will be emailed to you.
If you fail, the score report will contain a diagnostic report highlighting your strengths and weaknesses in the examination, helping you better prepare for a retake. You will also be given an hour at the end of the examination to review the questions you missed.
The passing rate for the real estate exam in Oklahoma is 65% for first-time takers. This implies that if 1,000 candidates sit for the exam yearly, about 650 pass the exam.
It is crucial to remember that passing rates fluctuate annually and may be influenced by factors like exam difficulty, exam content, and candidate preparation. You must, therefore, thoroughly prepare for the exam to give yourself a good chance of passing.
There is no limit on how many times you can retake the real estate exam in Oklahoma. After a failed attempt, you can schedule a retest on the same day and retake the exam the next day. Note that each attempt to take the exam will cost you $60.
If you have your Oklahoma real estate exam coming up soon, here are four effective study tools that you can adopt in your preparation to increase your chances of passing:
Creating a study schedule helps you balance your study sessions with your other daily engagements when preparing for an exam. A well-drafted study schedule will help you manage your time by ensuring that every minute of your time is accounted for.
When drafting your study schedule, you should consider important factors such as:
To create a healthy study schedule for your Oklahoma real estate exam, keep the following in mind:
Acronyms and mnemonic devices are memory aids that break down complex information into smaller and simpler chunks that are easier for the brain to process and remember. Acronyms are formed by taking the first letters of each word in a phrase and forming a word with it. This makes the phrase shorter and easier to remember. For example, a good acronym in real estate is CCIM, which stands for Certified Commercial Investment Member.
Similarly, mnemonic devices are formed by associating a piece of information with something that can be easily related. A good mnemonic device detailing a property's four essential characteristics to have value would be “Don’t Utter Silly Things.”
Joining a study group is another smart move as you prepare for your Oklahoma real estate exam. Doing this can significantly increase your chances of success and improve your learning process and experience. The following are some advantages of joining a study group:
The best way to study for the Oklahoma real estate exam is with our study prep package. This package comes with a bundle of tools that you can access online that will make studying for the exam easy.
You get access to:
You can add real estate crash course videos. It's 8+ hours of video content that teaches you the concepts, vocabulary, historical events, and more. Led by our head instructor, Robert Rico, our crash course videos teaches you everything you need to know to pass on your first try.
The Oklahoma real estate exam is an important step in the process of becoming a licensed real estate professional in the state. Passing this exam requires careful preparation and a solid understanding of real estate concepts and practices. To increase your chances of succeeding on this exam, follow the tips above and enroll in a reputable real estate school.
As a prospective realtor, the real estate exam is one of the most critical pieces of the puzzle to kick off your career. Your performance on this exam determines whether or not you get your real estate license and become a practicing agent.
Seeing how important this is, we have written this article to provide you with everything you need to know to prepare for and pass the Ohio real estate exam. Here’s a list of what you’ll be learning in this article:
Here is a short 10-question Ohio exam to test your real estate knowledge. This exam mimics our practice exams featured in our exam prep package. If you want the full package, tap the button below.
To apply for the Ohio real estate licensing exam, you first need to ensure that you tick the following requirement boxes:
If you have all the requirements above, here are the next steps to take when scheduling your real estate exam:
Before taking the exam, you are required to complete 120 hours of real estate pre-licensing coursework consisting of the following 4 classes:
You can take the pre-licensing coursework online at a pace that you are comfortable with. All you have to do is ensure that you select an education provider and package that best suits your learning needs.
Another requirement to qualify for the Ohio real estate examination is to complete the Salesperson License Examination Application. This application costs $81.
After completing the application, you are required to mail it, alongside a proof of completion of the education requirements and a non-refundable check or money order of $81 made payable to the Ohio Division of Real Estate, to the following address:
Ohio Department of Commerce
Division of Real Estate and Professional Licensing
77 South High Street, 20th floor
Columbus, OH 43215
Upon processing your application, the Division of Real Estate and Professional Licensing will send your information to the testing vendor, who will process it and send you a Candidate Information Bulletin containing details on scheduling your exam.
Before you can become a licensed agent in Ohio, you are required by the Ohio Real Estate Commission to have a background check and fingerprinting. To do this, you can contact a Webcheck user and have your fingerprint scanned and submitted to the Bureau of Criminal Identification and Investigation (BCI&I). You should take a government-issued I.D. to the Webcheck center and ensure that both your state and FBI fingerprints are submitted to the BCI&I.
This process must be started and completed within 10 days after filing your application with the Division of Real Estate. Do not start this process before submitting your application. After submitting your fingerprints, the division will begin the background check to ensure you are eligible for a license. During this process, you may be asked to provide some additional information to shed light on any findings. Note: you may not be eligible to take the real estate exam in Ohio if you have a criminal record.
If you are granted eligibility after performing all the steps above, congratulations are in order, as you can take the Ohio real estate exam.
Each attempt to take this exam will cost you $61. Note that this fee is separate from the salesperson license examination application and fingerprinting cost.
You can take the Ohio real estate exam at an approved testing center. These centers are located in the following cities:
The Division of Real Estate and Professional Licensing (REPL) partnered with PSI to create a Remote Online Proctored Exam, which offers a secure means through which candidates could take their exams remotely. The traditional on-site testing centers are still available for candidates who prefer to take their exams in person rather than online.
PSI Exams Online is an education provider that provides a secure, easy-to-use, and paperless means of writing state licensing and certification exams. PSI services several professional industries, including real estate, construction, and insurance.
If you’d like to complete your exam remotely, here are some things to note:
To schedule your exam, visit the PSI website and create an account. If you experience difficulties scheduling your exams online, call this PSI hotline for Ohio candidates: (855) 834-8749.
On the day of your exam, you should bring:
The Ohio real estate salesperson licensing exam has two parts to it. One will consist of 80 national based questions and the other will consist of 40 state specific questions. In total, there are 120 multiple-choice questions with a total allocated time of 180 minutes (3 hours) to complete.
This exam covers national and state specific content. You should expect to see more national questions than state specific questions on the Ohio exam.
The national portion of the exam consists of 80 questions, which you will be given 120 minutes (2 hours) to complete. You can expect to be tested on the following topics in this section:
The state-specific portion of the exam consists of 40 questions, which you will be given 60 minutes (1 hour) to complete. You can expect to be tested on the following topics in this section:
You can expect to see some math questions on your real estate exam. However, it is hard to say how many math questions you will be given because the questions change frequently.
If you find a math question on your exam, the best thing to do is skip it and go ahead to complete the other questions, after which you can return to the math questions if you still have the time. This is because most math questions require heavy calculations that will likely take up your time.
The Ohio real estate exam is considered challenging but possible to pass. You need a score of 70% to pass. To make it easier to pass the exam on the first attempt, you should purchase our Ohio real estate exam prep package to get unlimited practice exams, vocab flashcards, an ebook study guide, and video explanations.
Once you finish the exam, your score will be presented on the computer screen, telling you whether you failed or passed. If you fail, you can retake the Ohio real estate exam as many times as possible within a 12-month period that begins on the date written on your testing bulletin. The good news is that you only need to retake the portion of the examination you failed until you pass both sections.
If you do not pass both sections within 12 months, you must resubmit an exam application to the Division.
If you plan on taking the Ohio real estate exam anytime soon, here are some tips and tricks to help you pass:
The intensity of your study can significantly impact your results on the real estate exam, and one way to study efficiently is to create a study schedule. The best study schedule helps you stay organized, manage your time effectively, and maximize your chances of success. To create a healthy study schedule, do the following:
When studying for your real estate licensing exam, acronyms and mnemonic tools can be very beneficial. Acronyms are abbreviations that shorten and make words easier to remember by using the first letter of each word in a phrase. On the other hand, mnemonic devices help you remember information by associating it with a visual or memorable representation or image. These tools can help you remember complex information, such as real estate terms.
Study groups are a great way to hold yourself accountable for studying and to learn from others. Here are some pointers for maximizing your study group experience:
Getting supervised assistance from a real estate school is one of the easiest ways to prepare for your real estate licensing exam. Our exam prep is designed to provide a fun and simple learning method. It offers the following:
While the Ohio real estate exam challenges many people, passing is possible. Getting guided help and studying comprehensively gives you a great chance of passing on your first try.
The Ohio Division of Real Estate & Professional Licensing is a key entity within the Ohio Department of Commerce, playing a critical role in regulating and overseeing real estate professionals and their activities across the state. This blog provides a detailed look at the functions and influence of the Ohio Division of Real Estate, underscoring its importance for real estate brokers, salespersons, appraisers, and exam takers.
The Ohio Division of Real Estate & Professional Licensing was established to regulate real estate professionals as a response to the growing need for oversight as the real estate industry expanded significantly during the early 20th century. Initially focused primarily on licensing brokers to maintain professional standards and prevent fraud, the division has since expanded its scope to include salespersons, appraisers, and foreign real estate dealers.
Today, the division is tasked with the licensing, education, and regulation of real estate professionals across Ohio. Its core mission is to ensure that only qualified individuals are allowed to participate in real estate transactions, thereby maintaining high industry standards and protecting consumer interests.
To become a licensed real estate agent in Ohio, individuals must:
Brokers have additional requirements to obtain their Broker’s License, including more extensive experience and education, and passing the broker’s exam.
For those aspiring to join the real estate industry in Ohio, the Division's standards significantly influence their exam preparation. The Division defines the educational content and sets the examination criteria, ensuring that exam takers are thoroughly evaluated on their knowledge of real estate principles and Ohio real estate law.
To aid in preparation, the Division offers various resources and guidelines that help ensure candidates are well-prepared to meet the industry's high standards and effectively serve their future clients.
The Division's efforts in regulating and educating real estate professionals contribute to a robust, fair, and efficient real estate market in Ohio. By fostering high standards of practice, the Division enhances professional integrity and consumer confidence in the real estate sector.
The Ohio Division of Real Estate & Professional Licensing is an indispensable resource for anyone involved in real estate in Ohio—whether they are a seasoned professional, a new entrant, or a consumer looking to navigate the real estate market.
By promoting high standards of education and professional conduct, the Division ensures that the real estate market in Ohio is both professional and trustworthy.
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The North Dakota real estate exam requires a lot of preparation. That’s why, in this article, we’ll cover everything you need to know about the North Dakota real estate exam. Here’s a list of what you can expect to gain as you read on:
Here is a short 10-question North Dakota exam to test your real estate knowledge. This exam mimics our practice exams featured in our exam prep package. If you want the full package, tap the button below.
To schedule the real estate exam in North Dakota, all aspiring candidates must meet the following requirements:
The NDREC will review your application and notify you of approval or denial. If approved, you can go ahead to schedule your exam through the following means:
PSI North Dakota Real Estate Examination
18000 W. 105th St.
Olathe, KS 66061-7543
7 to 10 days after mailing the form, call PSI at 855-834-8747 to schedule your examination.
When scheduling the exam, these are the fees you will be required to pay:
Candidates for the North Dakota real estate licensing exam are to take their exams at any of the designated PSI test centers located in the state. These locations include:
The exam can also be taken in PSI test centers in regions across the United States. Simply enter your zip code during registration, and the closest site to you will appear.
No, you cannot take the North Dakota real estate licensing exam online. Candidates for this exam will be required to go to PSI testing centers located in North Dakota or other regions around the US. The addresses of these locations have been provided above.
On the day of your North Dakota real estate exam, you are expected to bring the following.
Two forms of identification. The primary ID must be government-issued, current, and contain your name, signature and photograph. Examples of accepted primary ID include:
The secondary form of identification must contain your name and signature. Examples include:
You are advised to show up for your appointment at least 30 minutes early on the day of the exam. This additional time is for identification and sign-in, as well as to familiarize yourself with the examination procedure. If you show up later than 15 minutes after your scheduled time, you will not be allowed to take the exam.
The North Dakota real estate salesperson licensing examination is made up of two sections:
Here are the topics you will come across in the national portion of the salesperson exam, with the number of questions you can expect per topic:
Here are the topics you will come across in the state portion:
Yes, there will be 13 math on the North Dakota real estate licensing exam. These math questions will be found in the general portion and will be related to:
Keep in mind that solving these math problems could be difficult and time-consuming. It is, therefore, best to save these questions for later while you continue to answer the other questions unless the answers are easy. This allows you to answer more questions and make the most of your allocated time.
As can be expected of any professional certification exam, the North Dakota real estate exam is hard and will only get harder for candidates who are not well prepared. This is why it is important to study hard and get all the help that you can before taking the exam.
The North Dakota real estate salesperson exam has a total of 140 questions. 100 of these questions fall under the national portion, while the remaining 40 fall under the state-specific portion. If you take both portions of the exam on the same day, the questions will be intermixed, and you’ll be given 3 1⁄2 hours to complete the exam. If taken on separate days, you’ll have 2 ½ hours for the national portion and 2 ½ hours for the state portion.
Note that about 5-10 experimental questions may be added to a candidate's test. These questions will not be scored, nor will the time taken to answer them count against candidate testing time. These questions are used to evaluate the quality of the exam and develop future licensing examinations.
To pass the exam, you must answer 70 questions correctly on the national portion and 30 questions correctly on the state portion. After completing the exam, you will be instructed to report to the testing supervisor to receive your score report. If you fail, your score report will indicate your scores and reapplication instructions. Note: you will not be able to know your score if you pass the exam.
The passing rate of the real estate exam in North Dakota is above 60% for first-time takers. Note that this passing rate may be affected over time due to changes in the content of the exam and its difficulty level.
You can take the North Dakota real estate exam as many times as you need to pass it. If you pass one or two of the portions, you are allowed to retake only the failed portion(s) within 12 months of the first attempt. If the failed portion is not passed within 12 months of the first attempt, you will be required to submit a new application and fees to the NDREC.
Note that you’ll be required to pay an exam fee of $131 at every attempt to take any portion of the exam.
To pass the North Dakota real estate exam on the first try, candidates must study hard for the exam, drilling themselves on all the topics in both sections of the exam from which questions will be set. This section will review a few tried and true ways to study.
When preparing for an exam like the North Dakota real estate exam, creating a study schedule may be just what you need to balance your study sessions with your other daily commitments. A well-planned study schedule will improve your daily time management by ensuring that every minute of your time is accounted for.
Do not forget to input frequent breaks into your study schedule to prevent burnout. It's also best to set your study time to periods of the day when you are less busy or distracted, such as early in the morning and late at night. We recommend studying for a little bit every night or at least every other night.
Acronyms and mnemonic devices are memory aids that break down complex information into smaller and simpler chunks that are easier for the brain to process and remember. Acronyms are formed by taking the first letters of each word in a phrase and forming a word with it. A good example of a real estate acronym is CCIM, which stands for Certified Commercial Investment Member.
Similarly, mnemonic devices are formed by associating a piece of information with something that can be easily related to it. A suitable mnemonic device detailing the four essential characteristics a property must possess to have value would be “Don’t Utter Silly Things.”
Joining a study group can significantly increase your chances of success in the exam by improving your learning process. It provides you with like-minded people to be accountable to, helping you to be more intentional. Studying in a group can also boost your motivation to study and pass, born out of healthy competition.
You might have already realized that there’s a lot you need to review to pass the North Dakota real estate exam. But, don’t worry. There is a quick and easy way to study and pass on your first try.
We offer an online real estate exam prep package that comes with practice exams, vocab flash cards, and an e-Book study guide (including math formulas on the exam!) It also comes with:
You can add real estate crash course videos. It's 8+ hours of video content that teaches you the concepts, vocabulary, historical events, and more. Led by our head instructor, Robert Rico, our crash course videos teaches you everything you need to know to pass on your first try.
The North Dakota real estate exam is compulsory for all individuals who want to be licensed real estate salespersons in the state. Passing this exam requires careful preparation and a solid understanding of real estate concepts and practices.
If you are preparing to take the North Carolina real estate salesperson licensing exam, there are certain things you need to be well informed about as part of your preparation process. In this article, we’ll cover everything you need to know about this exam and then some. Here’s a list of what you can expect to learn as you read on:
Here is a short 10-question North Carolina exam to test your real estate knowledge. This exam mimics our practice exams featured in our exam prep package. If you want the full package, tap the button below.
Before scheduling the real estate exam, the North Carolina Real Estate Commission (NCREC) requires aspiring candidates to meet the following requirements:
If you meet the requirements above, the next thing to do is submit a license application to the NCREC. You can do this by visiting the NCREC website and applying for a North Carolina Broker License. You must create a profile first and conduct a background check.
After submitting your application and background check, the NCREC will review your details, and if you are deemed qualified, you will be sent a Notice of Examination Eligibility. After receiving this notice, you can go ahead to schedule your exam. However, note that this eligibility is only good for 180 days, within which period you have to pass the exam. To schedule the exam, visit the PSI website, create an account, and choose an exam date that suits you.
Scheduling the North Carolina real estate exam will cost $164. This includes a license application fee of $100 and an exam fee of $64. You’ll also have to pay for the background check, which costs about $20.
Candidates will take the North Carolina real estate licensing exam at any designated PSI testing centers around the state. These locations are as follows:
No, candidates are not permitted to take the North Carolina real estate exam online. While provisions were made for the exam to be taken remotely in 2021 due to the COVID-19 pandemic, remote testing officially stopped in January 2023.
Therefore, candidates must choose any testing centers listed above while applying for the exam and be present to take the exam physically.
Candidates are expected to bring the following items along on the day of their North Carolina real estate exams:
The North Carolina real estate licensing exam questions are divided into two sections, namely:
The national portion will cover the following exam categories:
Whereas the state portion of the exam will cover:
According to the candidate handbook provided by the NCREC, there are up to 8 math questions in the national portion of the exam. These questions will typically be related to real estate concepts such as:
Candidates must remember that some of these math questions may be difficult and require time to solve. Therefore, it is good practice to leave the tricky questions for the end so it doesn’t affect the time you have to answer other questions.
As expected of any professional licensing exam, the North Carolina real estate exam is quite tough. It is regarded as one of the nation's toughest entry-level licensing tests, and many candidates have reported the state portion to be very challenging and tricky.
However, this is not to say that it is impossible to pass, and we strongly believe that a candidate’s level of preparation and knowledge of the fundamental concepts of real estate will determine just how well the candidate performs. This implies that if you want to pass the exam easily, you must put extra effort into your preparation.
The North Carolina real estate exam has 120 multiple-choice questions, 80 of which fall under the national portion with the remaining 40 under the state portion. Candidates are given 3 hours and 30 minutes to complete the exam and have to get 86 questions right out of 120 to pass the exam.
The passing score for the national portion is 72%, implying that you need to get at least 57 answers right to pass. On the other hand, the state portion requires a passing score of 73%, which implies that you need to answer 29 questions correctly to pass it.
Note that there might be about 15 pretest questions in the North Carolina real estate exam, 5-10 in the national section, and 5 in the state section. These questions are merely used to evaluate the quality of the exam and make improvements and will not affect your overall score.
Between the 1st of July 2021 and the 30th of June 2022, 3599 candidates took the North Carolina real estate licensing exam within 30 days of finishing their pre-licensing course. Of this number, only 2076 passed the exam on the first try, placing the passing rate for that 1 year period at 57.68%, a figure that is considerably lower than that of many other states.
It is important to note that this passing rate varies each year and may be influenced by factors such as exam difficulty and the candidate’s preparation level. Therefore, you should thoroughly prepare and practice the tips we’ll share soon to improve your chances.
Candidates who fail the North Carolina real estate exam can retake it unlimited times if it falls within 180 days of receiving their Notice of Exam Eligibility. Even better, candidates who only fail one section are allowed to retake the section they failed.
Note that you’ll be required to pay an exam fee of $64 for every retake, even if you only retake one section.
Passing the exam might sound hard but it can be done! In fact, there are tested actions you can implement right now to make passing easy. In this section, we’ll cover how you can get the most out of your studies.
Creating a study schedule is one of the first things you should do when preparing for your North Carolina real estate licensing exam. This schedule should mark out the hours you’ll study each day while considering your daily activities and learning style.
If you’d like to create a study schedule, here are some things to put in mind:
Acronyms and mnemonic devices are memory aids that simplify complicated information and make it easy for the human brain to process. This makes them effective tools to assist you in studying for your North Carolina real estate exam.
Acronyms work by forming a word with the first letters of each word in a phrase, thereby making the phrase easier to remember. This is great for when you need to remember some complex real estate terminologies or phrases. An example of this is OLD CAR, which represents the fiduciary duties of a real estate agent, namely:
A mnemonic device is associating certain information with something easily related. For example, if you were to memorize the various types of residential properties for a certain kind of financing, a good mnemonic device would be “Sing To Children Daily.”
Joining a study group is an effective strategy when practicing for your real estate exam. Not only does it help you gain knowledge from more people on some real estate concepts, but it also increases your motivation and sense of accountability.
One of the fastest and easiest ways to study for the exam while ensuring you’re taking the best measures to prepare for the exam is by signing up for our North Carolina real estate exam prep package.
When you buy this package, you will get an outline of what exactly you need to study as well as resources to help you put into practice what you learn. This includes:
As an aspiring real estate agent in North Carolina, you must pass the state’s real estate exam to get your license and practice legally. We have provided you with everything you need to know about this exam to help you prepare and practical tips to ensure you pass on your first try.
The New York real estate exam is the barrier that students need to overcome to get their real estate license. If you want to take this exam and certify yourself as an agent, you will need to schedule your exam and pass it!
This guide provides every piece of information that you need to know about the New York real estate exam, including practical tips on how to pass it on your first try. We’ll cover:
Here is a short 10-question New York exam to test your real estate knowledge. This exam mimics our practice exams featured in our exam prep package. If you want the full package, tap the button below.
The New York real estate licensing exam can be scheduled online through your eAccessNY account.
Aside from letting you schedule your exam online, this account also grants you access to view the details of your scheduled exam and your exam result when the exam is over.
Candidates with disabilities who require extra accessibility information and require testing modifications should call 518-474-4429 before scheduling their exam.
eAccessNY is the online occupational licensing management system for New York State. In the real estate industry, eAccessNY is used to do the following:
Let’s take a quick look at the requirements to register for the New York real estate exam:
Every candidate must pay a fee of $15 for the New York real estate exam, which can be made via credit card when scheduling online. If you do not pass the exam on the first try, subsequent retakes cost $15.
However, it is essential to note that this fee is not the only one you’d be paying while getting your real estate license. Here are some other costs that you can expect to incur:
In total, you should expect to pay upwards to $130 for the New York real estate exam.
All candidates must take the exam at an approved testing center. Here is a list of all the testing centers in the state:
You cannot take the New York real estate licensing exam online. All testing must be done at one of the approved locations throughout the state.
On the day of your exam, you are required to bring the following:
The New York real estate exam is based on the topics covered in the 77-hour pre-licensing course. It covers the following topics:
While the questions mostly pertain to real estate practice within New York, it is not uncommon to see some questions based on national content.
You can expect to come across a few math questions on your New York real estate exam. However, these questions are not likely to require complex calculations. If you encounter a math question you cannot quickly answer, the best thing to do is skip it and answer other questions.
If you still have some time left on your timer after you’re done with other questions, then you can revisit the skipped questions and take a shot at solving them.
Many who have taken the New York real estate exam have described it to be moderately difficult, just as you may expect any professional licensing exam to be. If you take studying seriously and prepare adequately, you might not find it difficult and stand a good chance of passing on your first try.
The New York real estate exam has 75 multiple-choice questions, and each candidate is given 90 minutes to complete the exam. You will need at least a 70% score to pass, which means you must answer 53 questions correctly.
For the New York real estate exam, about 60% of candidates pass on the first try, and more than 80% of candidates pass on their second try. With enough preparation and studying, you will have a good shot at passing on your first attempt.
You can take the New York real estate exam as many times as possible to pass it. All you have to do is log in to your eAccessNY account to schedule a new exam and pay the $15 fee. It usually takes around two weeks to get your result after the exam. Once the result is released, you can view it via your eAccessNY account, where you’ll see “Pass” or “Fail.”
Becoming a real estate agent in New York is a big achievement. To increase your chances of passing this exam on your first try, here are some tips to be implemented into your daily preparation:
Making a study schedule is crucial to passing the real estate licensing exam. A well-planned schedule can help you stay organized, effectively manage your time, and increase your chances of success. Here are some steps to help you create a study schedule:
One of the best and simplest ways to prepare for your real estate licensing exam is to receive supervised assistance from a real estate school. With our exam prep, we've created a simple and enjoyable way to learn all you need to know to pass your real estate exam.
Here are some benefits of using our exam prep:
The New York real estate exam is no doubt a challenging one. However, the difficulty it poses depends solely on the preparation you have put in. To increase your chances of acing the exam on your first try, follow all the tips we have provided above.
To become a licensed real estate salesperson in New Hampshire, you must pass the state licensing exam. This article will guide you through everything you need to know about the New Hampshire real estate exam. Here's a breakdown of what you'll learn:
Here is a short 10-question New Hampshire exam to test your real estate knowledge. This exam mimics our practice exams featured in our exam prep package. If you want the full package, tap the button below.
To apply for the New Hampshire real estate licensing exam, you must meet the following requirements:
To apply for the New Hampshire real estate exam, you need to follow these steps:
The New Hampshire real estate exam can be taken at several locations The available test centers in New Hampshire include:
No, the New Hampshire real estate exam cannot be taken online. It must be completed in person at one of the designated PSI examination sites located within New Hampshire. Candidates must follow specific guidelines for exam day, including arriving early and bringing the necessary forms of identification.
The in-person requirement ensures adherence to exam security procedures and maintains the integrity of the licensing process.
On the day of your New Hampshire real estate exam, it's important to get to the testing center at least 30 minutes before your appointment time. This extra time is for you to sign in, present your identification, and familiarize yourself with the examination process.
Bring the following items with you to the exam center:
These steps and requirements ensure a smooth and successful experience on your exam day.
The New Hampshire real estate exam is divided into two main sections: the national portion and the state-specific portion. Here's a summary of what each section covers:
This part of the exam focuses on general real estate principles and practices applicable throughout the United States. Topics typically include:
This section covers laws, regulations, and practices unique to New Hampshire. Topics generally include.
Per the information on the New Hampshire Real Estate Commission website, candidates are required to score a minimum of 56 points out of 80 on the national section of the exam. In the state-specific section, a minimum score of 28 out of 40 points is necessary.
The difficulty of the New Hampshire real estate exam can vary for each individual, but it is generally considered challenging. This is due to the comprehensive coverage of both national and state-specific real estate principles and practices.
The exam demands a deep understanding of various real estate concepts, which can be daunting for those who are new to the field or lack thorough preparation.
The New Hampshire Real Estate Exam consists of 120 questions, and you will have 240 minutes (4 hours) to complete the entire exam. A passing score for the New Hampshire Real Estate Salesperson Exam is 84 out of 120.
In New Hampshire, you are allowed to retake the real estate licensing exam up to 8 times within a 6-month window. Otherwise, you will need to re-enroll into an accredited pre-license education course before retaking the exam.
Each time you retake the exam, you must submit the original score report to the New Hampshire Real Estate Commission, along with the required exam fee of $155. After completing these steps, you'll receive an email from PSI, which will allow you to go online or call to set up your next exam appointment.
Achieving success in the New Hampshire real estate exam is largely influenced by the quality of your education and preparation. To enhance your chances of passing, particularly on the first attempt, a structured approach to studying is essential. Here are extended tips and ideas to help you make the most of studying:
Plan a schedule that balances study with daily life and incorporate frequent breaks to maintain focus. You would learn faster when you align study times with peak productivity periods.
Additionally, setting specific goals for each study session can help in covering all necessary topics systematically. Consistency is key; even short, daily study periods can be more effective than sporadic, lengthy sessions. This disciplined approach ensures a comprehensive coverage of the exam material, ultimately leading to a better performance on the exam day.
Utilize acronyms and mnemonic devices as effective tools for memorizing and recalling key real estate concepts. These aids transform complex information into more digestible and retrievable formats, simplifying the learning process.
A good example of a real estate acronym is CCIM, which stands for ‘Certified Commercial Investment Member.’ A suitable mnemonic device detailing a property's four essential characteristics to have value would be “Don’t Utter Silly Things.”
Actively participate in study groups to collaborate with peers, and create a dynamic learning environment. These groups offer a platform for sharing diverse perspectives, insights, and problem-solving techniques, greatly enriching the learning experience.
Such collaboration not only reinforces individual understanding but also fosters a comprehensive grasp of complex real estate concepts through collective discussion and exchange of ideas. This approach is instrumental in enhancing your knowledge base and preparing more effectively for the exam.
Having to compile course notes, create flashcards by hand, and search for various videos to explain the several concepts in real estate can be a lot of hassle and would take away quality time that should be spent studying. This is why we built an online program that consolidates everything that you need to study and prepare for the real estate exam. Our exam prep package comes with:
This combination of disciplined study habits, memory techniques, collaborative learning, and professional guidance is designed to maximize your chances of passing the New Hampshire real estate exam.
You can add real estate crash course videos. It's 8+ hours of video content that teaches you the concepts, vocabulary, historical events, and more. Led by our head instructor, Robert Rico, our crash course videos teaches you everything you need to know to pass on your first try.
Success in this exam is highly dependent on thorough preparation and a deep understanding of real estate principles. By committing to diligent study and fully grasping the various aspects of real estate, candidates significantly increase their likelihood of passing.
Enrolling in our exam prep package provides support and resources, including expert guidance, practice questions, and comprehensive study materials. This combination of self-discipline, strategic study approaches, and professional support is key to passing the New Hampshire real estate exam.
If you are considering a career in real estate in New York, it's essential to familiarize yourself with the New York State Department of State's Division of Licensing Services. This division plays a pivotal role in your journey as a real estate salesperson or broker. They are responsible for the licensing process, setting educational curriculums, and enforcing regulatory compliance in the industry. Here’s a closer look at this important entity and what it does.
The Division of Licensing Services is integral to the operation and regulation of real estate professionals in New York. It handles the application processes for new agents and brokers and ensures that the state's Real Property Law is upheld. This law specifies that all real estate salespersons and brokers must be licensed to practice, sets the minimum age for brokers at 20 and for salespersons at 18, defines the rules for revocation and suspension of licenses as well as the tenue, definition of non-resident licensees, and outlines disqualifying criminal convictions.
The Division of Licensing Services, under the Department of State, acts as the regulatory body for real estate professionals in New York. Unlike some states with a specific "real estate commission," New York consolidates these responsibilities within this broader division. The Secretary of State of New York oversees the administration of all examinations and educational requirements for real estate professionals. The Division collaborates closely with the Secretary to enforce New York's Real Property Law, ensuring all real estate salespersons and brokers are appropriately licensed.
Licensing: Administers the application process for new licenses and renewals, verifying that all practitioners meet the required qualifications.
Education and Examination: Sets standards for pre-licensing and continuing education, approves education providers and courses, and oversees the administration of licensing examinations.
Regulation and Compliance: Ensures that real estate professionals comply with legal and ethical standards, involving monitoring activities and handling disciplinary actions, when necessary.
The Division engages with a broad spectrum of stakeholders to ensure real estate practices align with state laws and public interests. This includes:
In addition to holding public meetings, the Division also prepares reports for the state legislature, which include statistics on licensing, summaries of disciplinary actions, and updates on regulatory changes. This transparency and engagement ensure that real estate practices in New York are fair, ethical, and aligned with the best interests of the public and the professionals it regulates. These efforts help maintain high standards in the industry, therefore safeguarding the market’s integrity and consumer interests.
To embark on your career as a real estate professional in New York, you must complete a 75-hour pre-licensing course approved by the state and pass the New York real estate licensing exam.
Want to make studying for the real estate exam? Join our real estate crash course and exam prep program.
When you join, you get 8+ hours of video content designed to teach you the concepts, vocabulary, historical events, and laws you’ll see on the national real estate exam.
Our exam prep package comes with unlimited practice exams, vocabulary flashcards, an eBook study guide, thousands of question and answer videos, and video explainers.
Get both program together or individually. You can access the real estate crash course videos and prep package using the US Realty Training app.
To join the program, click the button below. Let’s make studying easy!
Scheduling your New Mexico real estate exam can get pretty confusing. That’s why we organized this ultimate guide to help you apply, schedule, and pass the state exam. Here’s what we’ll cover:
Here is a short 10-question New Mexico exam to test your real estate knowledge. This exam mimics our practice exams featured in our exam prep package. If you want the full package, tap the button below.
To schedule the real estate associate broker examination in New Mexico, all aspiring candidates must meet the following requirements:
This consists of:
A written course waiver from the Commission Education Director can also serve to make this requirement.
Before registering for the exam, candidates must apply for eligibility with PSI by filling out and submitting the Eligibility/Examination Registration Form found in the Candidate Information Bulletin. This form should be submitted to the following address:
PSI
3210 E Tropicana
Las Vegas, NV 89121
(855) 557-0621 • Fax (702) 932-2666
Email: nmreapp@psionline.com
PSI will review your application to determine your eligibility for the exam. If found eligible, you’ll receive an email confirmation from PSI. You can then schedule your exam by visiting the PSI website. If you’re a new user, you must create an account. Simply follow the step-by-step instructions to create your account, choose your examination program, and register.
You can also call PSI at (855) 557-0621 to schedule an examination appointment. You’ll be required to pay an exam fee of $95 during registration. Note: this fee is non-refundable and non-transferable.
Candidates for the New Mexico real estate licensing exam are to take their exams at any of the designated PSI test centers in the state. These locations include:
The exam can also be taken in PSI test centers in regions across the United States. Simply enter your zip code during registration, and the closest site to you will appear.
No, you cannot take the New Mexico real estate licensing exam online. Candidates for this exam will be required to go to PSI testing centers located in New Mexico. The addresses of these locations have been provided above.
On the day of your New Mexico real estate exam, you are expected to bring the following:
Two forms of identification. The primary ID must be government-issued, current, and contain your name, signature and photograph. Examples of accepted primary IDs include:
Accepted forms of secondary identification include:
You are advised to attend your appointment at least 30 minutes early on the exam day. This additional time is for identification and sign-in and for you to become familiar with the examination procedure.
The New Mexico real estate associate broker licensing examination is made up of two sections, namely:
Here are the topics you will come across in the national portion of the associate broker exam, with the percentage of questions you can expect per topic:
Here are the topics you will come across in the state portion, with the number of questions you can expect per topic:
Yes, there will be math on the New Mexico real estate licensing exam. These math questions will be found in the national portion and will be related to:
Keep in mind that solving these math problems could be difficult and time-consuming. It is, therefore, best to save these questions for later while you continue to answer the other questions unless the answers are easy. This allows you to answer more questions and make the most of your allocated time.
As can be expected of any professional certification exam, the New Mexico real estate exam is hard and will only get harder for candidates who are not well prepared. This is why it is important to study hard and get all the help that you can before taking the exam.
The New Mexico real estate sales associate broker exam has a total of 125 multiple-choice questions. 75 of these questions fall under the national portion, while the remaining 50 fall under the state-specific portion. Candidates are given a total of 3 hours to complete the exam -2 hours for the national portion and 1 hour for the state portion.
Note that about 5-10 experimental questions may be added to a candidate's test. These questions will not be scored, nor will the time taken to answer them count against candidate testing time. These questions are used to evaluate the quality of the exam and develop future licensing examinations.
The passing score for this exam is 75%, which means you need to get at least 60 answers right on the national portion and 38 on the state portion. After submitting the exam, your score will be displayed on the screen, and a score report can be printed at the examination site.
If you fail, your score report will contain a diagnostic report highlighting your strengths and weaknesses in the examination, helping you to prepare better for a retake.
If you fail the entire New Mexico real estate exam or just a portion of it, there is no limit on the number of times you can retake it as long as you do it within 90 days of the first examination. If you do not pass both examinations within 90 days, you must retake both examinations.
You’ll be required to pay the examination fee of $95, whether you’re taking both portions or one portion.
To pass the New Mexico real estate exam on the first trial, candidates must study hard for the exam, drilling themselves on all the topics in both sections of the exam from which questions will be set. Here are a few tried and true study strategies that you can implement right now. They include:
When preparing for an exam like the New Mexico real estate exam, creating a study schedule may be just what you need to balance your study sessions with your other daily commitments. A well-planned study schedule will improve your daily time management by ensuring that every minute of your time is accounted for.
Do not forget to input frequent breaks into your study schedule to prevent burnout. It's also best to set your study time to periods of the day when you are less busy or distracted, such as early in the morning and late at night. We recommend studying for a little bit every night or at least every other night.
Acronyms and mnemonic devices are memory aids that break down complex information into smaller and simpler chunks that are easier for the brain to process and remember. Acronyms are formed by taking the first letters of each word in a phrase and forming a word with it. A good example of a real estate acronym is CCIM, which stands for Certified Commercial Investment Member.
Similarly, mnemonic devices are formed by associating a piece of information with something that can be easily related to it. A good mnemonic device detailing the four essential characteristics a property must possess to have value would be “Don’t Utter Silly Things.”
Joining a study group can significantly increase your chances of success in the exam by improving your learning process. It provides you with like-minded people to be accountable to, helping you to be more intentional. Studying in a group can also boost your motivation to study and pass, born out of healthy competition.
There’s a lot of ground to cover when you study for the real estate exam. That’s why the quickest and easiest way to study is with our New Mexico exam prep package.
It’s an online study program that comes with unlimited practice exams, vocabulary flashcards, and an e-Book study guide (that comes with the same math formulas you’ll need to know for the exam!) It also comes with:
Our exam prep package starts at $49.99. Since retaking the exam will cost you $95, this is a great investment to help you pass on your first attempt.
You can add real estate crash course videos. It's 8+ hours of video content that teaches you the concepts, vocabulary, historical events, and more. Led by our head instructor, Robert Rico, our crash course videos teaches you everything you need to know to pass on your first try.
The New Mexico real estate exam is compulsory for all individuals who want to be licensed real estate brokers. Passing this exam requires careful preparation and a solid understanding of real estate concepts and practices. To increase your chances of succeeding on this exam, follow the tips above and enroll in a reputable real estate school.
Scheduling and passing the New Jersey real estate exam is the last step to getting your license. Learning what to do next can be stressful. But don’t worry! This article is your helpful guide to starting your new career.
In this article, we cover all you need to know about the New Jersey real estate exam. We will talk about scheduling and how to pass on your first try. We’ll cover:
Here is a short 10-question New Jersey exam to test your real estate knowledge. This exam mimics our practice exams featured in our exam prep package. If you want the full package, tap the button below.
To become a licensed real estate salesperson in New Jersey, you need to have passed your real estate pre-licensing courses. If you have already completed this, then congrats! You can schedule the exam.
To schedule your real estate exam, you must create an account on PSI Online and apply through your portal. Check that your pre-licensing education provider has sent your eligibility to PSI. This will only happen if you have finished the course requirements. Once done, you can visit the PSI website or call 855-579-4624 to schedule your exam.
Please note: After you pass the real estate exam in New Jersey, you need to find a brokerage to sponsor you. This means they will let you join their team.
Then, you must submit a livescan form to the NJ Real Estate Commission. Afterwards, they will run a background check and assess your moral character. Once you pass the assessment, we will send you your license.
You can take the New Jersey real estate exam online. Use a computer with a user-friendly interface and live chat for help. This makes the experience easier. To take the exam online, you’ll need the following:
You’ll be required to present two valid government-issued means of identification with your photograph and signature. Before taking the exam, check if your computer meets the system requirements. Visit the North Central Jersey School of Business website for more information.
However, there is also an option for candidates to take the exam in-person. New Jersey exam testing centers are located in:
The New Jersey real estate salesperson exam fee is $45. PSI charges this amount to schedule your exam.
Please bring two forms of ID with matching names. They must provide a valid signature that has not expired. At least one ID should have your photo. Here are some examples:
We recommend bringing a non scientific calculator. This will help you solve any math problems on the exam.
The New Jersey real estate exam includes both national and state-specific content. The following are topics that you can expect to see in the national section:
The following are topics you can expect to see in the state-specific section of the exam:
Prepare yourself for some math-related questions on your real estate exam. However, someone often updates the questions. This makes it hard to know exactly how many math problems you will get.
Whenever you encounter a math question that you find challenging, the best course of action is to move on to other questions first. After finishing the other questions, you can return to solve the questions you skipped if you still have time.
Many people who took the New Jersey real estate exam found it extremely tough. This is common for any professional licensure exam. To pass the exam, you need to score at least 70%. If you work hard and prepare well, you give yourself a good chance to pass the exam on your first try.
The New Jersey salesperson exam has 110 questions. Each candidate gets 240 minutes, or 4 hours, to finish the exam.
There may be five to ten experimental questions on the exam. We will not grade these questions. You will not know which questions are experimental.
To pass the exam, you must score 70%, which means you need to answer 77 questions correctly out of the 110 you receive.
Becoming a licensed real estate professional in New Jersey is tough. It requires a lot of work.
There is also a financial burden. The process can take an emotional toll as well. Here are some tips for incorporating into your daily study routine to help boost your chances of passing this exam on your first attempt:
Making a study schedule can help you pass your real estate licensing exam. It can help you achieve the following:
Creating a study schedule can help you organize your study materials. This makes them easier to understand and remember.
Creating a study schedule can help you use your time wisely. This way, you can cover all the material before the exam.
A study schedule can help you spend more time on the hardest topics. This depends on the exam's structure and the importance of each topic.
By making time for regular revision sessions in your study plan, you can strengthen your learning. This also helps you find areas that need more focus.
You may increase your confidence and lessen your exam anxiety by setting up a study program and following it.
When studying for a real estate exam, acronyms and mnemonics can be helpful study aids. Here are some tips for using them effectively:
The first step is to identify the key terms and ideas you need to memorize for the exam.
After you have determined the key terms, create an acronym using the first letter of each term. You can use the acronym "CARP" to remember the steps in a real estate deal.
"CARP" stands for:
Mnemonics are tricks for remembering things by associating them with something else. For example, you can use the abbreviation "TIC" for Tenancy in Common. You can also remember "Tic-tac-toe, three in a row" to help you recall different types of ownership.
To improve your memory, you should periodically practice using acronyms and mnemonics.
Study groups are a great way to learn from others and build accountability. Here are some tips to help you make the most of your study group experience:
Find a group of people who are studying for the same exam and have similar interests to you. You can do this by asking your colleagues, friends, family, or neighbors.
To make sure everyone knows what to expect, clearly state your goals. Share them with the group. Ask everyone else to do the same.
Set up regular meeting times for your study group and resolve to work as a team.
Use the study group as a forum for debate, questions, insights, and intellectual challenges to deepen your understanding.
One of the best and simplest ways to prepare for your real estate licensing exam is to receive assistance from a real estate school. Our exam prep comes with practice exam questions, vocabulary flashcards, an ebook study guide and more.
One tip we give our students is to pass the practice exams at least 5 times. If you score 80% or higher a few days before the test, you are ready to take the exam.
Our exam prep provides questions like those on the New Jersey real estate exam. This includes the same format. Using our program will make you feel familiar, comfortable, and, most of all, confident when taking the exam.
You can add real estate crash course videos. It's 8+ hours of video content that teaches you the concepts, vocabulary, historical events, and more. Led by our head instructor, Robert Rico, our crash course videos teaches you everything you need to know to pass on your first try.
The exam will be challenging. The amount of preparation you do will decide how easy it is for you. If you take studying seriously, you can pass and become a real estate agent.
Beyond simply studying, you want to ensure that you’re studying smart and maximizing study time as well. If you follow our advice above, you will improve your chances of passing the exam on your first attempt.
If you want to make studying for the exam easy, then check out our real estate crash course and exam prep program. You access to videos that breakdown complex concepts into easy-to-understand lessons. You can put what you learn to the test with our exam prep package. Joining gets you unlimited, customizable practice exams. You can make an exam – like the real one – or focus on a specific area.
To learn more, click the button below.
After all the prep work and educational classes, it’s finally time to take the Nevada real estate exam so you can become a licensed agent!
Passing the licensing exam is the culmination of a lot of time and energy you’ve dedicated to the process, so properly preparing and knowing what you’re getting into is crucial.
Whether you’re about to take the exam or are still considering a career in real estate, how to register and pass your Nevada real estate exam is a crucial part of the process.
If you’re preparing to take the licensing exam, we’ll help walk you through:
Here is a short 10-question Nevada exam to test your real estate knowledge. This exam mimics our practice exams featured in our exam prep package. If you want the full package, tap the button below.
Once you’ve completed your pre-licensing education requirements, the next step in getting your Nevada Real Estate license is to schedule the licensing exam. Nevada has partnered with Pearson Vue, a third-party test administration service, to provide all applicants the real estate licensing exam. They are responsible for administering the Nevada Real Estate Licensing Exam on behalf of the Nevada Real Estate Division.
Pearson Vue has several testing locations throughout the state to provide candidates with a convenient and comfortable testing environment. Their in-person testing facilities are located in:
When scheduling your exam through the Pearson Vue website, you will have the opportunity to choose the testing location that’s most convenient for you. Keep in mind that availability may vary depending on the location and time of year, so it's essential to schedule your exam as soon as you receive your exam eligibility notification! You won’t be able to schedule your exam on-site, and walk-ins aren’t allowed.
One of the key things you’ll need to do to get your real estate license is to pass a background check. As part of the application process, Nevada requires all real estate license applicants to submit a fingerprint card that’s been processed by a government agency within the last year. This is used to run a background check on the state and national level and confirm your record is free of disqualifying offenses. While not required to register for the exam, getting your fingerprints taken before the exam can be helpful so it won’t hold up the process.
One of the great things about taking the real estate license exam is Nevada also allows applicants to take the exam from the comfort of their own homes through their online testing option. While you’ll still need to schedule the exam beforehand, you’ll be able to use your own computer and take the test at home.
If you plan to take your exam online, you can visit Pearson Vue’s website to confirm your system will work for the exam and make sure you meet all requirements beforehand. You’ll be able to complete a system check before the exam to ensure your download speeds and computer works for the exam.
For in-person testing, make sure you show up 30 minutes ahead of time on the day of the exam to check in and get settled for the exam. You’ll need to bring two forms of identification to verify your identity. One must be a primary ID like a Driver’s License or Passport, while the other can be any non-expired ID with a signature.
If you’re testing at home, just ensure you’re in an enclosed space and meet all the previously outlined testing guidelines for online test examinations. You can review all the system requirements at Pearson Vue’s website to make sure you’re prepared on exam day.
While the pre-licensing education classes give you the background, it’s important to understand exactly what is on each section of the real estate exam, so you can focus on the right things to study. The Nevada Real Estate Licensing Exam consists of two portions: the national portion and the state-specific portion.
The national portion is designed to test your overall knowledge of real estate as it applies to national practices. You’ll be tested on the following categories in the national exam section:
On the state portion of the exam, you’ll be tested on the specific laws and expectations of practicing real estate in Nevada. With 40 questions, you’ll need to get 30 right, or 75%, in order to pass.
The categories in the state-specific section include:
By following a study program and taking the time to prepare for both parts of the exam diligently, you can feel ready and confident going into the exam day.
You will be tested on a handful of math questions on the national partition of the real estate exam that will test your general understanding of real estate math concepts and how to calculate transactions. While each test is different, there are about 7 math-related questions on the Nevada real estate exam.
Keep in mind that you won’t be given any guidelines for conversion, so it’s important to remember some basic calculations like there are 43,560 square feet in an acre and 5,280 feet in a mile. Memorizing these formulas can ensure you can properly solve any calculations for those metrics!
While the Nevada real estate exam is meant to be challenging, passing on the first try with the proper study and preparation is very doable! Knowledge is power when it comes to passing your exam, so make sure you know what to expect when you take the test.
The national portion of the exam contains 80 questions, while the state-specific portion has 40 questions, bringing the total number of questions on the exam to 120. You will have 240 minutes to complete the exam. You’ll need to get 75% of the questions right to pass the exam.
While the test is meant to be difficult, it has a passing rate of 75%. That means if you take the time to study and seriously prepare, most people have no problem passing their exam and getting their Nevada real estate license.
Once you take the exam, you’ll see if you passed or failed immediately after submitting the test. If you fail, you’ll get a chance to see how many questions you missed in each category and review a diagnostic report that can be helpful in preparing for the next time you take the exam. Make a note of the sections you missed questions in so you can study those for the next time you take the exam. If you pass, you won’t be able to see any information about what you got right or wrong.
The good news is that if you failed your Nevada real estate exam, you can take the test again! If you pass within 12 months of your first attempt, you can retake the exam as many times as needed. The one thing to note here is that you will have to pay the test fee each time, which can get pricey if you have to take the exam several times.
One way to ensure you don’t fail multiple times is to sign up for a guided real estate exam prep course, like RE State Exam Prep. With our packages starting at $49, you can save money in the long run and benefit from a formalized study program that will help you pass the exam.
Dedicating time and effort to an exam preparation program can make sure you’re fully prepared for the test when the day arrives.
If you’re preparing to take the Nevada real estate exam, here are some tried and true ways to study so you can pass and get your license.
Organization and consistency are really foundational to studying and preparing for your Nevada licensing exam. By creating a plan and sticking to it, you can have dedicated time every day to study, even if things become hectic or life gets in the way.
Try to study every evening, or at least every other evening, in the weeks leading up to your exam. You can set aside 15 or 30-minute time blocks to focus on your study materials, free of any distractions. You'll be grateful for the effort and consistency to study!
No matter how good your memory is, using acronyms or mnemonic devices can help you effortlessly group information together and remember it on exam day. This method, which has been used in classroom settings for years, uses rhyming words or phrases to help your brain remember words and processes. You may be familiar with the well-known mnemonic device, Roy G. Biv, for recalling all the rainbow colors. Be creative and develop your own unique study phrase to help you for the Nevada exam!
The saying "the more, the merrier" also applies to studying for the Nevada real estate exam. Joining a study group is a great way to make new friends, prepare for the big test, and keep each other on track. Even if you sometimes prefer to study independently, having the support and teamwork in a study group can help you get through the study materials and find new ways to wrap your head around the stuff you need to know.
There's no such thing as too much preparation — especially when preparing for your Nevada real estate exam. One way to help you feel even more ready for the exam is to enroll in a guided help course, like our Nevada real estate exam prep. Not only will you unlock helpful study material, but you’ll also save money in the long run.
One of the best ways to study for the real estate exam is through practice tests that give you real test questions, helping you prepare and understand where your strengths and weaknesses are. With our program, you’ll get access to more than 1,500 practice questions, giving you plenty to study and learn from.
When you join, you’ll get access to:
We’ve helped over 50,000 registered students pass their real estate exams with the help of our guided exam prep program. With a 90% pass rate, you can feel confident that our program is an investment in your future. If you’re still on the fence or interested in trying it yourself, you can register for a free 3-day trial and access our program at no cost to you. You’ll see how our materials will set you apart as you study for your licensing exam.
You can add real estate crash course videos. It's 8+ hours of video content that teaches you the concepts, vocabulary, historical events, and more. Led by our head instructor, Robert Rico, our crash course videos teaches you everything you need to know to pass on your first try.
Don’t let passing the real estate exam prevent you from becoming a Nevada real estate agent! By focusing on test-taking tips, study guides, and practice tests, you'll be able to tackle the exam confidently.
Don't wait any longer—start preparing today with our RE State Exam Prep program! With a money-back guarantee, you’ll be making a great investment into your future as a real estate agent. Get started today with a free, three-day trial.
In the world of real estate, there are various types of listing agreements between sellers and their agents. One less common, and somewhat controversial type, is the net listing. Understanding what a net listing is and how it works can help you decide if it's the right choice for your real estate transaction.
A net listing is a special kind of deal in real estate where the person selling the house decides on the lowest amount of money they want to get from the sale. This amount is called the "net price." If the house sells for more than this net price, the extra money is what the real estate agent gets paid. So, the more money the agent can sell the house for above the net price, the more money they make. It's like a game where the agent's goal is to sell the house for as much as possible to earn a bigger reward.
Imagine a homeowner decides to go for a net listing when selling their house. They set the net price at $300,000, which is the minimum amount they want to end up with after the sale. In this agreement, the real estate agent's pay is based on how much they can sell the house for above that net price.
For example, if the agent finds a buyer willing to pay $350,000 for the house, the agent would earn a commission of $50,000. This is because the selling price is $50,000 more than the net price, and in a net listing, that extra amount is the agent's commission.
On the other hand, if the agent can only sell the house for the net price of $300,000, they wouldn't get any commission at all. This is because there's no excess over the net price. So, in this scenario, the agent's motivation to sell the house for more than the net price is very high, as their earnings depend on it.
Net listings are not allowed in many states due to the potential for conflicts of interest and ethical concerns. However, there are a few states where net listings are still legal. As of the writing of this blog, these states include:
Before considering a net listing, it's important to weigh the potential benefits against the risks. Consult with a real estate professional or legal advisor to understand the implications and ensure that your interests are protected. While net listings can offer advantages in certain situations, they're not suitable for every seller or every market.
Net listings in real estate are a unique arrangement that can offer advantages, but also come with significant risks. Understanding the dynamics of this type of listing can help you make an informed decision about how to sell your property. Always seek professional advice to ensure that your real estate transaction aligns with your goals and complies with local regulations.
Want to make studying for the real estate exam? Join our real estate crash course and exam prep program.
When you join, you get 8+ hours of video content designed to teach you the concepts, vocabulary, historical events, and laws you’ll see on the national real estate exam.
Our exam prep package comes with unlimited practice exams, vocabulary flashcards, an eBook study guide, thousands of question and answer videos, and video explainers.
Get both program together or individually. You can access the real estate crash course videos and prep package using the US Realty Training app.
To join the program, click the button below. Let’s make studying easy!
To become a licensed real estate salesperson in Nebraska, you need to pass the state licensing exam.
As you can imagine, this exam requires much preparation, especially if you want to pass it on your first try.
In this article, we’ll cover everything you need to know about the Nebraska real estate exam. Here’s a list of what you can expect to gain as you read on:
Here is a short 10-question Nebraska exam to test your real estate knowledge. This exam mimics our practice exams featured in our exam prep package. If you want the full package, tap the button below.
To qualify to schedule the Nebraska real estate salesperson exam, all aspiring candidates must:
Upon submission, your application will be reviewed by the commission. If approved, your file will be sent to Pearson VUE, and an authorization test will be sent to you via email. You will also receive an email confirmation from Pearson VUE or the Nebraska Real Estate Commission.
Once you get this confirmation, you can schedule your examination by visiting the Pearson VUE website. If you’re a first-time user, you’ll be required to create an account to create a candidate ID and be assigned a password. Follow the step-by-step instructions provided on the website to book your exam reservation.
You can also make a reservation over the phone by calling 800-819-3966. All exam reservations must be made at least 24 hours before the desired exam date. You’ll be required to pay an examination fee of $150 and an application fee of $135 while sending out your application. This fee is non-refundable and non-transferable.
Candidates for the Nebraska real estate licensing exam are to take their exams at any of the designated Pearson VUE test centers in the United States, Canada and US territories. These locations include:
For out-of-state testing, Find a Test Center close to you on the Pearson VUE website.
No, you cannot take the Nebraska real estate licensing exam online. Candidates for this exam will be required to go to Pearson VUE testing centers in the U.S. to take the exam.
On the day of your Nebraska real estate exam, you are expected to bring the following:
Two forms of VALID, non-expired signature identification. This ID must contain your signature and photo and match the name you scheduled your exam with. The primary identification must be government issued, and can be any of the following:
The secondary identification can be any of the following:
The Nebraska real estate exam is made up of two sections, which are:
Here are the topics you will come across in the national portion of the salesperson exam, with the number of questions you can expect from each topic:
Here are the topics you will come across in the state portion of the salesperson exam, with the number of questions you can expect per topic
Yes, there will be 7 math questions on the Nebraska real estate salesperson licensing exam. These math questions will be related to basic mathematical skills involved in real estate calculations, including.
Keep in mind that solving these math problems could be difficult and time-consuming. It is, therefore, best to save these questions for later while you continue to answer the other questions unless the answers are easy. This allows you to answer more questions and maximize your allocated time.
As can be expected of any professional certification exam, the Nebraska real estate exam is hard and will only get harder for poorly prepared candidates. This is why studying hard and getting all the help you can before taking the exam is essential.
The Nebraska real estate salesperson exam has a total of 130 multiple-choice questions. 80 of these questions fall under the national portion, while the remaining 50 fall under the state-specific portion. Candidates are given 3 ½ hours to complete the exam: 2 ½ hours for the national section and 1 ½ hours for the state section.
Note that 5-10 ‘pretest’ questions may be added to a candidate's test. These questions are used to evaluate the quality of the exam and develop future licensing examinations. These questions will not be scored; neither will the time used to answer them count against the testing time.
To pass this exam, you need to have a passing score of 75%. After completing the exam, Once you submit the exam, you’ll receive an official report detailing your performance. If you fail, your score report will consist of a numeric score and diagnostic information about the examination, as well as information about reexamination.
The passing rate of the real estate exam in Nebraska is about 64% for first-time takers. Note that this passing rate may be affected over time due to changes in the exam content and its difficulty level.
Candidates who fail the exam must reapply to the NREC for authorization to retake the test. Salesperson candidates who passed only one portion of the exam must retake the failed portion. They have three subsequent attempts after the first failed exam, or six months, whichever comes first, to pass both portions of the exam.
If both portions are not passed in the next three attempts or within six months, candidates must take the full examination until they pass all or one part, in which case the retention schedule restarts.
Note that every attempt to take this exam–whether or not you’re taking both sections–will cost you an exam fee of $150.
While the Nebraska real estate exam is hard, passing is not impossible. To pass the exam on the first trial, candidates must thoroughly study and understand all the topics listed above, from which questions will be set. While you can obtain most of the knowledge you need during the mandatory pre-educational program, there are also specific effective study tools that you can adopt in your preparation to increase your chances of passing. They include:
When preparing for an exam like the Nebraska real estate exam, creating a study schedule can be very helpful in helping you balance your study sessions with your other daily commitments. A well-planned study schedule will improve your daily time management by ensuring that every minute of your time is accounted for, and will also help you make the most of your study periods.
Ensure you input frequent breaks into your study schedule to prevent burnout. It's also best to set your study time to periods of the day when you are less busy or distracted, such as early in the morning and late at night. We recommend studying for a little bit every night or at least every other night.
Acronyms and mnemonic devices are memory aids that break down complex information into smaller and simpler chunks that are easier for the brain to process and remember. Acronyms are formed by taking the first letters of each word in a phrase and forming a word with it. A good example of a real estate acronym is CCIM, which stands for Certified Commercial Investment Member.
Similarly, mnemonic devices are formed by associating a piece of information with something that can be easily related. A suitable mnemonic device detailing a property's four essential characteristics to have value would be “Don’t Utter Silly Things.”
Joining a study group can significantly increase your chances of success in the Nebraska real estate exam by improving your learning process. It provides like-minded people to be accountable to, boosts your motivation to study, and helps to breed a healthy competition within you that gears you to do more.
Studying for the Nebraska real estate exam could get difficult. That's why we assembled provenly powerful study resources into an online package for you.
With our affordable Nebraska exam prep package, you get comprehensive resources that will make studying quick and easy. You’ll get:
With unlimited customizable practice exams and an e-Book study guide that comes with math formulas and everything you need to know, passing the first time will be simple!
You can add real estate crash course videos. It's 8+ hours of video content that teaches you the concepts, vocabulary, historical events, and more. Led by our head instructor, Robert Rico, our crash course videos teaches you everything you need to know to pass on your first try.
The Nebraska real estate exam is compulsory for all individuals who want to be licensed real estate salespersons. Passing this exam requires careful preparation and a solid understanding of real estate concepts and practices.
As a real estate agent, one of the most significant decisions you'll make in your career is selecting a brokerage. This choice can impact your work environment, reputation, and income. Understanding the differences between national, boutique, and virtual brokerages can help you make an informed decision that aligns with your career goals.
National brokerages are large, well-established companies that have a significant presence across the country, and often internationally. These firms are recognized as industry leaders and are typically household names, such as Keller Williams, RE/MAX, Coldwell Banker, and Century 21 to name a few.
The reputation of a national brand can lend credibility to your work, attracting clients who trust the brand.
National brokerages typically offer extensive training programs, marketing tools, and technology platforms to help agents succeed.
Being part of a large organization provides opportunities to connect with a vast network of agents and industry professionals.
With larger budgets, national brokerages can afford extensive marketing and advertising campaigns. This can include national television ads, online marketing, and branded materials that agents can leverage to attract clients.
National brokerages often take a larger share of the commission, especially for new agents, in exchange for the resources and brand name they provide.
With a large number of agents, it can be challenging to receive individualized support and mentorship.
Agents working for national brokerages may need to adhere to more rigid corporate policies and guidelines, which can limit their flexibility in terms of marketing, branding, and business practices.
A boutique brokerage is a small, specialized real estate firm that typically focuses on providing personalized services and expertise in a specific local market or niche.
Unlike large national brokerages, boutique brokerages offer a more intimate and customized experience, often prioritizing quality over quantity. They may specialize in luxury properties, historic homes, or specific neighborhoods, and often emphasize strong client relationships and tailored marketing strategies.
Boutique brokerages often offer a closer relationship with the broker and more tailored mentorship opportunities.
Boutique brokerages frequently specialize in specific neighborhoods or property types. This allows agents to become experts in their market, providing clients with in-depth knowledge and personalized service.
Smaller firms may offer more flexibility in terms of commission splits and business practices.
These firms often prioritize the quality of their transactions and client relationships over sheer volume. This can lead to a more satisfying work experience and a loyal client base.
Without the constraints of a large corporate structure, boutique brokerages can be more agile and open to innovative business models and marketing techniques.
Boutique brokerages might not have the same level of resources or technology as larger firms.
Lacking the name recognition of national brands can make it harder to attract clients initially.
Boutique brokerages may be more vulnerable to local market fluctuations. During downturns, they might not have the financial buffer that larger firms possess.
A virtual brokerage, also known as a cloud brokerage, is a real estate firm that operates primarily online, without a traditional brick-and-mortar office. Agents and brokers affiliated with a virtual brokerage work remotely, using digital tools and platforms to communicate with clients, manage transactions, and collaborate with colleagues.
Virtual brokerages often offer more flexible commission structures and lower overhead costs, making them an attractive option for tech-savvy agents who prefer a more independent and flexible work environment.
Lower overhead costs allow virtual brokerages to offer more favorable commission splits to their agents.
Agents can work from anywhere, providing a better work-life balance.
These brokerages invest in the latest digital tools and platforms, making it easier to manage transactions and communicate with clients.
The virtual nature of these brokerages means less face-to-face interaction with colleagues and mentors.
Agents need to be comfortable with digital tools and conducting business online.
When choosing a brokerage, consider your priorities and career goals. Do you value brand recognition and resources, personalized support and specialization, or flexibility and technology? Each type of brokerage offers distinct advantages and challenges.
Each type of brokerage has its advantages and potential drawbacks. To make an informed decision, assess your priorities, such as training, commission structure, and work environment.
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