Have you heard of horror stories about how difficult real estate licensing exams are? Or maybe you've heard of people taking the exams several times before they finally pass.
The reason why so many people struggle with their real estate license exams is simply because they lacked preparation and they haven't done enough work.
Taking the real estate licensing exam may seem overwhelming and can be costly, when failed. Yes, it can be difficult but passable with the proper mindset. You should go into your exam with the expectation that IT IS GOING TO BE DIFFICULT, therefore you will be motivated to put in the work beforehand.
There are several things you can do to ensure your success in the real estate licensing exam. The goal is for you to be 100% prepared and to take the exam with confidence that you will pass.
In this article, we've put together valuable tips on how you can ace your exam on the first try and start a fantastic career.
1. Choosing the Right Real Estate School
Your goal is to pass the real estate licensing exam, right? Then, you need a real estate school that can get you there. It doesn't matter if the school has the most affordable tuition fees or has the best LMS or uses the most intractive animation online, if that school doesn't prepare you for the licensing exam, then it's a waste of your time and money.
What are the criteria that you should look for when choosing a real estate school?
Make sure the school is legitimate and that it is approved by your real estate's division. This information can easily be searched on the school's website.
Check the school's accreditation. The school has to be approve by ARELLO (The Association of Real Estate License Law Officials). If not, find another school.
Find out how long the school had been in business. You can expect smoother operations from schools that had been in operations longer.
Search for testimonials from previous students.
2. Studying for the Real Estate Exam
Now that your formal education is underway, here are some more tips to make sure your study sessions are productive:
Use Real Estate Practice Exams. Real estate practice exams is the closest thing to the real deal so treat it as one. Turn off distractions, time yourself and suit up! Check your answers only when finished the practice exams. Mark the questions you got wrong and go back to that chapter. Yes, you can take as many practice exams as you want!
Practice Your Real Estate Terms/ Vocabulary and Math. A big portion of the real estate exams will be on vocabulary so focus on the key concepts and words. Real estate math will be on every exam, regardless of the state you will be taking it from. If math is not your strongest suit, then the more you should prepare for it. You will not earn your licenses without conquering your fear and weakness of math.
Take a Real Estate Exam Prep Course. If you have completed your formal real estate education, you could be feeling overwhelmed from tons and tons of information. The great thing about Real Estate Exam Prep Course is that it is focused on one thing: making sure you pass the exam. The materials are already well-curated and refined to focus on the key concepts that are usually included in the real exam.
3. Prepping for the Big Day
After you have completed your real estate pre-licensing course and have taken your exam prep course, the bulk of the work is already behind you. It is time now to prep yourself up for the exam day.
How do you prepare for the exam day?
A. Note down all the details of the exam venue and schedule. Don't forget to pack your exam registration documents, valid ID and calculator, if you need one.
B. Get plenty of sleep the night before.
C. Take a hearty breakfast before leaving the house.
Hackathons on exam day:
A. Answer the easiest questions first.
B. Just skip questions you don't know the answer to. You can always come back later when you have extra time.
C. Use the process of elimination (for multiple questions) when you are not sure of your answer. If you can eliminate 2 answers, then you are giving yourself 50/50 chance of getting correct answer.
D. Read the questions and answers carefully.
E. If all else fails, GUESS! The thing about multiple choice is that you have 25% chance of getting the correct answer. If at the end of the exam and you still have time o go back to the unanswered questions, try to read again. If that doesn't work, there's no shame in making a good guess.
Read more on how you can get started on the real estate business.