Real estate exams are notoriously challenging, and most people fail the first time they take one. That’s why it is important to know exactly what you’ll be tested on before you sit down for the exam. Every state has its own set of real estate licensing requirements, so the exact details will vary depending on where you live. However, most real estate licensing exams are similar no matter where you live. These guides will help you prepare for your exam by breaking down each section and providing resources to study in that area specifically.
How To Pass The Real Estate Exam: General Strategies
When taking any exam, it’s important to start studying early. Most states require that you pass the exam before you can start working as a real estate agent. That means you’ll need to give yourself at least a few months to prepare. If you wait until the last minute, you will be setting yourself up to fail. This is not a test you can cram for. If you try to memorize everything in a few weeks, you won’t have time to fully understand the concepts and you are likely to forget everything as soon as you walk out the door. If you start studying a month before your exam, you will be able to fully absorb the information and have time to practice and retain what you’ve learned. During this time, you also need to make sure you are in tip-top mental shape. You will be under a ton of stress while studying, and you need to make sure to take care of yourself physically and mentally. Don’t over-extend yourself, get plenty of sleep, and try to find healthy ways to de-stress.
The National Council Of Real Estate Brokerage Examination (NCRECE) Basics
The National Council of Real Estate Brokerage Examination (NCRECE) is the organization that develops the licensing exams for real estate agents and brokers across the country. If you want to become a real estate agent, you will be taking the REALTOR exam, and if you want to become a real estate broker, you will be taking the broker’s exam. The NCRECE publishes a detailed outline for each exam that breaks down the topics you will be tested on and how many questions you can expect to see in each section. The outline is an extremely valuable tool that can help you prepare for the exam. The outline also contains information on the recommended resources to study in each area. This section will go over the NCRECE outline and explain the best ways to study in each section.
Real Estate Broker Exams
The first section of the real estate broker exam is the essay portion. The topic will be related to property management, leasing rules and regulations, or risk management. You will be given 30 minutes to write a 500-750-word essay. The rest of the exam will be multiple choice questions. The topics include management, marketing, law and regulations, finance, accounting, and appraisal. The most important thing you can do to prepare for the exam is to create a detailed study plan. This will not only help you study efficiently, but it will also keep you motivated throughout the process.
Real Estate Agent Exams
The first section on the real estate agent exam is the essay portion. You will be given 30 minutes to write a 500-750-word essay on a topic related to marketing, finance, or government regulations. The rest of the exam is multiple choice questions, just like the broker exam. The topics include management, marketing, law and regulations, finance, accounting, and appraisal. The most important thing you can do to prepare for the exam is to create a detailed study plan. This will not only help you study efficiently, but it will also keep you motivated throughout the process.
Property Manager Exams
The first section of the property manager exam is the essay portion. You will be given 30 minutes to write a 500-750-word essay on a topic related to leasing rules and regulations. The rest of the exam is multiple choice questions, just like the other exams. The topics include management, marketing, law and regulations, finance, accounting, and appraisal. The most important thing you can do to prepare for the exam is to create a detailed study plan. This will not only help you study efficiently, but it will also keep you motivated throughout the process.
Conclusion
Real estate exams are challenging, but they don’t have to be impossible. If you follow the advice in this guide, you will be fully prepared to ace every section of the exam and earn your real estate license. The most important thing you can do is start studying early. Give yourself enough time to fully absorb the material and practice with sample questions to retain it. Make sure to take care of yourself physically and mentally during the process so you can stay motivated.
