Last Updated on November 4, 2023 by Admin
You have made it through the required hours of coursework, and now it’s time for you to finally take the real estate exam. If you’ve spent time around licensed real estate agents you may have heard horror stories about the exam.
Adding to your worries is the sobering statistic that around half of all real estate agents fail the exam on their first try; of course, information isn’t exactly inspiring confidence in your chances of getting your license the first time you take the real estate exam.
However, a real estate exam crash course can help improve your chances of not having to retake the test.
Table of Contents
What’s Included in the Real Estate Exam
Before you start cramming for your upcoming real estate exam, remember every state is different. What pops up on a real estate exam in California may not be on one in Texas.
However, some basic topics are covered in most state real estate exams, which include:
- Practice of Real Estate and Disclosures
- Laws of Agency and Fiduciary Duty
- Property Ownership and Land Use Controls and Regulations
- Property Valuation and Financial Analysis
- Contracts
- Financing
- Transfer of Property
Starting with these topics will give you a good handle on anything else that may be included in the exam.
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Tips to Help You Cram for the Real Estate Exam
To help ensure you’re ready to ace your upcoming real estate exam, here are a few helpful study tips.
Schedule Time to Study
This may seem obvious, but finding time in your busy day for studying isn’t always easy. However, creating a daily study schedule will help ensure you get some time in. You do not have to cover every section that may be on the exam. Instead, pick a topic for each day’s study session on concentrate on it.
Concentrating on one topic at a time will make it easier for you to remember the information.
Take Multiple Practice Tests
You have probably heard the saying ‘practice makes perfect,’ and it applies to studying for the real estate exam. Most state-approved online real estate schools offer free practice tests to their students. Take advantage of the opportunity.
Not only will repeatedly taking the test help you memorize the information, but you can also become familiar with the test format. Becoming familiar with the test can help alleviate some of your nervousness.
Study the Answers You Get Wrong
Practice tests give you the chance to learn your strengths and weaknesses. For example, maybe you’re acing the questions regarding Contracts but keep getting answers wrong on the Transfer of Property section.
Now, you know where to concentrate your study time—however, don’t ignore the sections you get right. You still want to continue to review this information to ensure it sticks in your memory.
Don’t Hesitate to Ask Questions
Your class instructor is there to help guide you through the coursework. They can also answer any questions you may have about the exam. Maybe a specific question is confusing or you don’t understand why one of your answers is incorrect, which is when you want to start asking questions.
If your instructor is unavailable, don’t give up. Sometimes, your local realtors can offer advice or clarify a specific question. Don’t forget about performing research on your own. The internet can be an invaluable resource, just make sure the information is coming from a reliable and trusted source.
For example, your state’s real estate governing agency’s website is a reliable source. A blog may not be as trustworthy.
How to Make the Most of Your Practice Exam
Yes, your practice exam is a great way to get used to the testing format and the information you can expect to find on the exam. Did you know there are a few additional tricks you can use to ensure you’re ready to ace your real estate test?
Don’t second-guess yourself after re-reading a question. Often, the answer that first pops into your head is the right one. Overthinking a question can result in an incorrect response.
On multiple-choice questions, don’t panic if you do not know the answer. You can use the process of elimination. Chances are there is at least one option that you know is incorrect. Start whittling down the remaining answers until there is only one left.
Time how long it takes you to complete the practice exam, which will take some of the pressure off when you sit down to take your real estate test.
Take the Real Estate Exam with Confidence
Between studying and taking multiple practice exams, you should finally be ready to take the real estate test.
Remember to carefully read each question, and don’t overthink your answers. Have confidence in yourself, and soon you’ll be well on your way to finally becoming a licensed real estate agent!
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