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California Real Estate Exam: Everything You Need to Know
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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.
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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.
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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!
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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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As a real estate agent in Texas, you should be familiar with the term Municipal Utility Districts (MUD). MUDs are specialized political subdivisions that function as limited governments, providing essential services such as sewage, water, and drainage within specific district boundaries. Authorized by the Texas Commission of Environmental Quality (TCEQ), MUDs play a crucial role in the development and management of local infrastructure across the state.
For buyers, the presence of a MUD can raise questions about the implications for property ownership. As a real estate agent, it's your responsibility to provide clear and accurate information about MUDs to potential buyers. Sellers, on the other hand, are legally obligated to disclose if their property is within a MUD. This disclosure should include details about tax rates, bonded indebtedness, and any associated fees.
Living in a MUD can influence property taxes, which are dependent on property values and debt requirements. However, as more homeowners join a MUD, the costs are shared, often leading to a decrease in rates over time. Real estate agents should ensure that buyers are informed about these rates and fees before making an offer.
Sellers should be aware if their property is in a MUD as this information is typically listed on the tax bill provided by the county. Additionally, this status should have been disclosed when the property was originally purchased.
These legal notices vary depending on the location of the MUD within the state. To obtain the correct forms, agents can contact the Municipal Utility District or the county property records office.
MUDs have evolved to offer more than just basic services. Today, they often support community amenities such as parks, recreation facilities, solid waste management, and deed restriction enforcement. These benefits can enhance the quality of life for residents and add value to properties within the district.
Municipal Utility Districts are an important aspect of the real estate landscape in Texas. As a real estate agent, understanding the ins and outs of MUDs is essential for providing accurate information to clients and ensuring successful transactions.
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Passing this exam is the first step in acquiring a real estate license.
In this comprehensive article, we will reveal everything you need to know regarding the Montana real estate licensing exam, along with tips on improving your chances of passing. Below is a list of things we will cover:
Here is a short 10-question Montana 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 Montana real estate licensing exam, you must send an online application through the PSI website. However, the Montana Department of Labor and Industry requires that all applicants meet certain requirements before they are eligible for an application.
Here are some of these requirements:
To submit your exam and license application, create an account and apply online through the Montana Department of Labor & Industry.
You can schedule your real estate exam if all of these items are checked. Although your real estate school must have informed the Board of Realty Regulations that you have completed the mandatory pre-licensing program and passed its final exam, you will still need to include a proof of completion in your application, together with the following forms of identification:
Scheduling your Montana real estate license exam would cost you up to $106, but you should keep in mind that additional charges may be related to your application and licensing.
All candidates must take the Montana real estate exam at any approved PSI testing facility. These facilities are located in the following cities:
No, the Montana real estate exam cannot be taken online. All candidates will be required to present themselves at any designated PSI exam centers, where they will be supervised for the exam duration. Therefore, it is advised that you choose any of the aforementioned locations nearest to you when applying for the exam.
Here is a list of what to bring with you on the day of the Montana real estate exam:
The Montana real estate exam is made up of two sections. The first section comprises questions based on national real estate topics. Here are some topics you will come across in this section:
The second section comprises questions based on Montana’s real estate. You will find questions on the following state-specific topics:
Yes, there will be math on the Montana real estate licensing exam. These math questions will be found in the national-specific section and related to real estate concepts like property taxes, Return On Investments (ROI), equity, Loan-to-Value (LTV), etc.
Because math questions tend to take a lot of time to solve, it is advisable to leave them for when you’re done answering other questions unless the answers are obvious.
Since the Montana real estate exam is intended to ensure that only the best real estate professionals are given the license to operate within the state, it shouldn’t be a surprise that the exam may not be easy. However, this difficulty level may vary depending on a candidate’s level of preparation.
The Montana real estate exam consists of 113 multiple-choice questions, which are divided into two sections:
Candidates will each have 4 hours to complete the entire exam. That is, 2 hours 30 minutes for the national-specific section and 1 hour 30 minutes for the state-specific section. You must obtain a minimum score of 70% in both exam sections to pass. Your result will be available immediately after you complete the test.
The Montana real estate exam also contains 10 pre-test questions which are used by the exam administrator (PSI) to assess the quality of their test and improve on future tests. Note that these questions do not add to your overall test score.
The passing rate of the Montana real estate exam is currently unknown. However, you should remember that factors such as changes in the exam contents and candidates’ study habits affect the overall number of people who pass the exam. Therefore, making the necessary preparations is a sure way to improve your chances of passing the real estate exam.
Since the Montana Board of Realty Regulation does not indicate a limit to the number of times a candidate can take the real estate exam. However, any retakes must occur within two years of completing your pre-licensing course or the course completion certificate expires.
Remember that you will have to pay the $106 application fee each time you retake the exam.
There are few study strategies that you can implement to stay on top of your studying and increase your chances of passing the exam on your first try.
Creating a healthy study schedule that suits you is something you must do to be well-prepared for your Montana real estate licensing exam. Factors such as your other commitments, the difficulty of the various real estate topics you need to study, and your study habits should be considered when creating this schedule.
Your study schedule should balance your study time with other aspects of your life and should be focused on working smart and not outdoing yourself. Below are a few things to keep in mind when creating your study schedule:
Acronyms and mnemonic devices are great study tools to help you remember and recall information. Therefore, they can be especially useful when you need to memorize lists or complex concepts for your Montana real estate exam.
Acronyms are formed by taking the first letter of each word in a phrase to create a new word. A good example of a real estate acronym is PITI which stands for Principal, Interest, Taxes, and Insurance.
On the other hand, mnemonic devices are memory aids that help you associate information with something more memorable. A good mnemonic device for a property's four essential characteristics to have value would be “Don’t Utter Silly Things.”
Joining a study group when studying for your Montana real estate exam can be a beneficial strategy to enhance your learning and improve your chances of success. Here are some reasons why joining a study group can be helpful:
Studying for the Montana real estate exam can be challenging due to the mandatory 60-hour pre-licensing coursework. Therefore, you should consider getting guided help from our Montana real estate exam prep package.
Our Montana real estate exam prep package is a guided curriculum that will introduce all the concepts you will see on the exam. It’s perfect for giving you direction, which will make studying easy.
It also comes with Montana practice exams that you can take and retake to help you feel confident walking into the exam center. You’ll also get:
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 real estate exam in Montana is a significant milestone for individuals seeking to become licensed real estate professionals in the state. It requires thorough preparation and a solid understanding of several real estate concepts. To succeed on the exam, it is crucial to invest time in studying relevant materials, utilizing study resources, and taking practice exams.
Taking the Minnesota real estate exam is one of the final hurdles you’ll have to cross before getting your real estate license and taking on the exciting new real estate career.
If you’re stressed or worried about taking the exam, we’re here to help.
We’ll walk you through everything you need to know to ace the Minnesota real estate exam, like:
Here is a short 10-question Minnesota 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.
If you’ve passed your pre-licensing coursework, you’ll be eligible to register for the licensing exam officially! Minnesota has partnered with PSI Services to administer the real estate exam for its applicants.
All you have to do is create an account on the PSI Services’ website and submit the right paperwork to schedule your exam.
Once you’ve filled out the required forms and picked a date and time to take your exam, you’ll be prompted to pay the examination fee of $63. Then, you’ll be confirmed and ready for your exam!
Minnesota allows applicants to take the exam in-person at one of PSI Services test centers or online from the comfort of their home.
If you’re currently living outside of Minnesota, you can also take the real estate licensing exam at any PSI Services test center nationwide.
Yes! One of the newer additions to the licensing process is the option to take the real estate exam online. Minnesota does allow applicants to take the exam online through a remotely proctored exam. This involves using your own home computer setup and taking it virtually through an online proctor.
There are still requirements and procedures involved with taking the exam at home, like no talking and no cell phones. You’ll also be required to present identification on the day of your exam to confirm you are the person registered for the exam.
You’ll have to bring an ID with your name, signature and photo that’s valid and unexpired. Appropriate forms of ID include:
Then, you’ll also have to present confirmation that you’ve completed the required educational courses. That can include:
Otherwise, all personal belongings, including electronics, purses, drinks or other items, are prohibited at the test site. Just bring the essential things with you, like your ID and certification of completion, and leave the rest at home.
While your pre-licensing course is meant to give you the general knowledge you need to be a successful real estate agent, the licensing exam will test you on your understanding of the material and the different state laws relating to becoming a real estate agent.
In Minnesota, there are two parts to the real estate exam – a state and general section totaling 120 questions. Both parts are equally important, and understanding the content can really help you when exam time comes.
In the general section, you’ll have 80 questions to answer in the following categories:
There is also a separate Minnesota-specific section that will test your knowledge of general state laws and responsibilities you’ll have to follow as a real estate agent. This section includes 40 questions and is broken down as follows:
While there are more questions in the general section, you’ll need to pass both to get your real estate license, so make sure to take the time and properly prepare for both parts!
In the general section of the real estate exam, you’ll have 6 math questions to answer that are focused on basic calculations you’ll need to know as a real estate agent. This includes things like how to calculate total area, loan-to-value calculations and information about down payments.
If math isn’t your strong suit, don’t worry! Try your best to answer the questions or make an educated guess. Solving math questions can be time consuming, which is why it is easier to skip them, answer the easier questions, and then solve the math questions. That way, you don’t run out of time on your exam!
While the exam is meant to be challenging, it’s not meant to be impossible. The main goal is to confirm that you comprehend and understand the key parts of being a real estate agent and are ready to start your official real estate career.
To pass the exam, you’ll need to score a 75% or higher on the overall exam.
With 120 questions on the exam, that means you must answer at least 90 out of 120 questions correctly. Keep that in mind when you encounter a tough question you’re not sure how to answer. You have room to make a few wrong answers.
As you’re constructing your study schedule, remember that the general section accounts for the majority of the exam.
In Minnesota, it’s not uncommon to take the real estate exam multiple times. In fact, almost 30% of the students retake the exam. But, with the right study materials and a clear study schedule, you can go in prepared and ready to ace the exam.
You can retake the Minnesota real estate exam as many times as you want before your certificates expire. You will have to wait 24 hours after your exam and pay an additional exam fee before you can schedule your retake. Best of all, only have to retake the section you failed — not both sections.
To help you prepare to retake the exam again, you’ll get a copy of your score report, which can outline where you missed questions. This can help you focus on the main areas you need to improve on as you study to take it again.
Here are some tried and true study tips that we suggest as you prepare for the Minnesota real estate exam.
To pass the Minnesota real estate exam, it's important to maintain a study schedule that’s consistent and manageable. You may want to consider creating a study schedule that you can follow multiple times a week. By establishing a routine, you're setting up the proper structure to make sure you have the right amount of time set aside for exam preparation.
By doing this, you'll have more time to absorb the material and get ready for the exam in a proper way. Even if you only have 15 or 30 minutes to study, it can make a big difference in your approach! You’ll quickly realize how much easier it is to remember the material when you establish and maintain a consistent exam preparation routine.
Have you ever considered joining a study group? It's a great way to share different tips and tricks with others and learn new study techniques that you might not have discovered on your own. Plus, it's a chance to make new friends and have fun while preparing for your licensing exam. Give it a try and see how helpful it can be!
When you're about to take a big exam, it can be really useful to have some extra help in your study materials. Luckily, we have a Minnesota real estate exam prep package that can help you pass your exam on the first try.
This course is tailored specifically to help you succeed on the test. It comes with helpful study tips and unlimited practice exams to get you ready.
When you join, you’ll get access to:
You can get access to a free three-day trial to see how our program is structured and how it can help you with your exam prep. Plus, with our pass guarantee, you can feel confident it’s an investment into your new real estate career.
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.
With the right tools, focus, and hard work, you can ace the Minnesota real estate exam and start your new career! Remember that preparation is key, and trust in yourself and your abilities. It never hurts to have a little extra help in the process, too. We’re here to help provide you with the materials you need to pass the Minnesota exam the first time around.
Finding the right instructions on how to apply, schedule, and pass the Mississippi exam is a challenge.
That’s why we did the research and assembled everything you need to know about the exam into this article.
Here’s a list of what you can expect to gain as you read on:
Here is a short 10-question Mississippi 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 Mississippi real estate exam, all aspiring candidates must first meet the following requirements:
If you meet the requirements above, you can apply for a license by filling out an application form and submitting it to the Mississippi Real Estate Commission (MREC). The following should accompany your application:
Your application will be reviewed, and if approved, you’ll receive a letter from the MREC. After this, you can visit the PSI website to schedule your exam. You can also schedule via telephone by calling (855) 557-0620 between 6:30 a.m. and 9:00 p.m. on weekdays and 8:00 a.m. and 4:30 p.m. on weekends.
You’ll be required to pay an examination fee of $60, valid for one examination only. If you need any help during your registration or scheduling, call (855) 557-0620
Candidates for the Mississippi real estate licensing exam are to take their exams at any of the designated PSI testing centers around the state. These locations are as follows:
No, you cannot take the Mississippi real estate licensing exam online. Candidates for this exam will be required to go to PSI testing centers located around the state to take the exam. If you’re currently not in Mississippi, you can fill out and submit an Out-of-State Testing Request to take the exam in other testing centers across the United States.
On the day of your Mississippi real estate exam, you are expected to bring one form of VALID identification, which includes:
You should arrive at 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.
If you arrive late, you may not be allowed to take the exam and risk forfeiting your examination fee.
The Mississippi real estate salesperson licensing exam is made up of two sections, namely:
Here are some topics you will come across in the national portion of the exam, with the percentage of questions you can expect from each topic:
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 Mississippi real estate licensing exam. These math questions will be found in the national portion. They 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. 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 Mississippi 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 important.
The Mississippi real estate salesperson exam has a total of 120 multiple-choice questions. 80 of these questions fall under the national portion, while the remaining 40 fall under the state-specific portion. Candidates are given 4 hours to complete the exam: 2 ½ hours for the national section and 1 ½ hours for the state section.
Note that 5-10 experimental 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 must have gotten a minimum of 56 questions correct in the national section and 30 in the state section. Once you submit the exam, your score will be displayed on the screen. If you pass, you will receive a successful notification and a performance summary on the screen.
If you fail, the successful notification will include a diagnostic report highlighting your strengths and weaknesses in different parts of the examination. This is to help you prepare better for a retake.
The real estate exam in Mississippi sees 70% of candidates pass on the first try, meaning that if 1,000 people take the exam, about 700 people are expected to pass. This implies that while the exam might be hard, there is a good chance that candidates will pass if they undergo the necessary preparations.
Note that this passing rate may be affected over time due to changes in the exam content and difficulty level.
To retake the Mississippi real estate exam, you only need to sit for the portion(s) you failed. If you failed the national portion, you can retake it as many times as you need to pass it within two months after your license application was approved. However, if you fail the state portion, you can only take it twice within two months after your license approval.
If you fail to pass both exam portions within two months of your license approval, you must re-apply to the MREC to establish eligibility. If you fail to pass the state portion after retaking it twice, you’ll have to wait three months before re-applying for your license to the MREC.
Note that every attempt to take this exam -whether or not you’re taking both sections- will cost you an exam fee of $75.
To pass the Mississippi real estate exam on the first trial, candidates must put in the required studying. This section will give you proven study strategies to make the the process easier. They include:
When preparing for an exam like the Mississippi 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.
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 good 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 exam by improving your learning process. It provides like-minded people to be accountable to, helping you be more intentional. Studying in a group can also boost your motivation to study and pass, born out of healthy competition.
With 120 questions ranging over everything you learned in a 60-hour course, knowing exactly what to study for is difficult. That’s why we put together a Mississippi real estate exam prep package.
This package guides you through exactly what you need to study for while giving you the resources to study for it. It’s like having your own online exam trainer.
You’ll also get access to the following resources to help you learn and drill the information so you feel absolutely prepared going into 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 Mississippi real estate exam is mandatory 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. To increase your chances of succeeding on this exam, follow the tips above and get our Mississippi real estate exam prep package today.
Before you begin your real estate career, you've got to pass the Michigan real estate licensing exam and get your license.
No need to stress, though! Preparing and passing the exam might seem daunting, but with the right tools and resources, you'll be ready to ace the exam and get your license with ease.
In this article, we'll guide you through everything you need to know as you gear up for your Michigan real estate exam, like:
Here is a short 10-question Michigan 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 your real estate exam in Michigan, you’ll have to submit your application for salesperson licensing first. This includes paying an $88 application fee for new salesperson candidates and supplying the confirmation that you’ve completed your education requirement.
From there, the Bureau of Professional Licensing will review your application and confirm you’re eligible to take the real estate licensing exam.
Michigan has contracted a third-party company called PSI Services to administer the exam for their real estate licensure candidates. You can easily schedule your exam through their website to find a date and PSI testing location that is convenient for you. As you schedule your exam, you’ll be asked to pay a $79 examination fee that solidifies your entry for the exam.
As you schedule the exam, you’ll have to pick which PSI Testing location you’d like to take the exam at. There are several locations throughout the state, making it convenient for test takers.
Locations include:
While Michigan does offer some remote exam testing, they do not yet offer this for the real estate licensing exam. Because of this, you’ll have to take the exam in-person at one of the PSI Testing locations. Since PSI Testing is a national company, you can take your licensing exam at any of their locations. Once you’ve paid for the examination, you’ll be prompted to enter your zip code, and a list of the testing sites closest to you will appear.
We recommend showing up 30 minutes early to the test center so you can get settled and check in for the exam without hurrying or feeling rushed.
To ensure there are no problems checking in to the exam, it's important to have the right forms of identification. Here’s what you’ll need: two non-expired forms of identification that include your signature. One must be a primary government-issued and photo-bearing ID with a signature, while the other must just have your signature. Some examples of valid primary IDs include:
A secondary ID is something as simple as a debit card or other item that verifies your identity and signature.
In terms of your personal belongings, the fewer things you bring, the better. However, we do recommend bringing a small, silent handheld calculator that you can use for the math questions. The testing center won’t provide these, and it can be helpful to have them.
When it comes time for your test, you want to be prepared and ready to conquer each question. The best way to do that is to really understand what you can expect on the exam. The Michigan real estate exam consists of two sections: a national, more general real estate section, and a state-specific section with questions about Michigan. Both of these sections are multiple-choice and timed.
The national portion of the exam is meant to test your general knowledge of the real estate industry with the following sections:
In the state-specific section, you’ll be tested on the nitty-gritty of laws and policies related to real estate in Michigan, like:
On the real estate exam, about 10% of the questions will be about calculations and math concepts real estate agents often utilize. Some common topics include property area calculation, how to calculate property value, settlement and closing costs, return on investment and more.
While you can bring a small calculator for the exam, the questions should be fairly straightforward to answer. If you’re not sure, you can always skip a question!
While the real estate exam is meant to be challenging, it’s definitely far from impossible! With the right studying and attitude going into the exam, you’ll be able to pass and get on with your real estate career. But knowledge is power when it comes to preparing, so make sure you clearly understand what to expect on exam day.
Across the two sections, there are 115 questions that you'll have 180 minutes (3 hours) to answer. The majority of questions are in the national section, with 80 questions in that specific area. There are only 35 questions on the state-specific portion.
Although you have learned most of this material in your educational classes, taking a multiple-choice test can present a different set of challenges. With the right strategy and preparation though, you can make sure you use your time wisely and pass each section.
To make the most of your exam time, it's helpful to familiarize yourself with the types of questions you'll encounter. Practice tests are a great way to get a feel for the exam format and try taking the test with a timer, so you know exactly where you may need to focus your study efforts.
In order to pass the real estate exam, you’ll need to get 70% of the questions right. This is a cumulative 70% across the entire test, so not just 70% on one section. If you fail the exam, you’ll be able to see your scores for each section and give you an idea of how you can better prepare in the future.
If you do fail, we recommend taking note of where your strengths and weaknesses are so you can hone in on those areas to prepare for the next time.
While it can be disappointing to fail the real estate exam, you can retake it as many times as you need to to pass with a 70% or more. Keep in mind, though, that you’ll have to pay the examination fee every time you retake your exam, which can get expensive if you need to take it more than once. If you fail, you’ll be able to reschedule your exam after 24 hours.
Even if you’re able to retake the exam, who wants to spend their time and money doing that? It’s much easier to put in the time and effort the first time to ensure you pass your Michigan real estate exam and begin your real estate career.
Once you’ve finished your educational requirements, we recommend these tips and tricks to prepare for the exam.
Consistency is key to setting yourself up for success and passing the Michigan real estate exam. Try to create a study schedule several times a week and stick to it! With a specific routine in place, you’ll have the structure needed to set a dedicated time to study for the exam.
While every night is ideal, studying every other night for several weeks can give you the time necessary to really learn and prepare for the exam. Even small 15 or 30-minute time blocks can make a huge difference in your study schedule and ensure you learn the material! You'll appreciate taking the time to schedule and maintain a consistent exam prep routine in the future.
One study strategy that helps with memorization is acronyms or mnemonic devices. Try developing a phrase or acronym that relates back to a real estate vocabulary word or process. Don’t take our word for it, though — This strategy has been used in classrooms for decades and utilizes rhyming words or phrases to help your brain remember vocabulary words. Those in Michigan might be familiar with a common mnemonic device for remembering the Great Lakes — HOMES. Have fun with it, and create your own study phrase that is specific to you.
There’s strength in numbers! While some people focus better by studying alone, joining a study group allows you to build connections with fellow students and learn new methods of studying and retaining information. You’ll be able to collaborate with others to discuss ideas and solve problems and have some extra accountability to get your studying done.
The more support and resources you have access to, the better. One way to access additional study tools and preparation is through a guided help prep course. 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 Michigan real estate exam prep gives you a sneak peek at what you might be tested on and outlines 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.
If you want to become a Michigan real estate agent, passing your exam is one of the last hurdles to clear. When you're so close to the finish line, giving yourself the time and resources to prepare for your final licensing exam with the help of a guided prep course is essential.
To get your Massachusetts real estate license, you must pass the state licensing exam.
Since the application, scheduling, and passing your real estate exam can be a confusing process, we wanted to provide you with everything you need to know about the Massachusetts real estate exam.
This article will cover the following aspects:
Here is a short 10-question Massachusetts 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 Massachusetts real estate exam can be scheduled online through the PSI services, a leading third-party exam administrator used nationwide. To schedule your real estate exam, you must submit your pre-licensing course certificates from your education provider to PSI and then create your online account as a student.
Once the aforementioned requirements have been met, you can schedule the Massachusetts real estate licensing exam. In addition, you will be asked to include identification documents with your application, such as a government-issued photo ID (e.g., a Driver’s license).
Scheduling your Massachusetts real estate exam will cost $85. This includes an application fee of $31 and a test fee of $54. When you pass the exam, you will also have to pay a $150 licensing fee to receive your license.
Candidates must take their real estate exams at any of the designated PSI testing centers across Massachusetts. Here is a list of these locations:
Yes, candidates can take the Massachusetts real estate license exam online through the PSI website. Although the entire licensing process can be completed online, you must still pick up your real estate license in person to take a photograph for the license.
On the day of your exam, you will need to bring two forms of identification with the same name (government issued photo ID and another form of identification with your signature, such as a social security card). An online calculator will be available at your chosen testing center.
The exam questions are divided into two sections: the national real estate section covering general real estate principles and practices relevant across the United States, and the state real estate section, which focuses on Massachusetts real estate laws and regulations.
Here are the categories of questions on the Massachusetts real estate exam:
Yes, the Massachusetts real estate licensing exam will have 8 to 10 math questions. These questions will commonly be found in the national real estate section of the exam and will be related to real estate concepts such as:
Math questions in the Massachusetts real estate exam may tend to be difficult and take a lot of time to solve. Therefore, leaving the math questions for the end is good practice unless the answers are clear. That way, you'll be able to answer questions that take less time to solve first.
Past exam takers consider the Mass real estate exam challenging, but that doesn’t mean it’s impossible to pass. The best way to pass is with thorough preparation. We will cover the best prepping methods as well as some tricks to help you study later in this article.
The Massachusetts real estate licensing exam consists of 120 multiple-choice questions divided into two sections. They are:
You will have 4 hours to complete the exam and obtain the minimum score of 70% in each section. Immediately after you submit the test, your result will be made available to you.
Note that the Massachusetts real estate exam has 10 pre-test questions. These questions are used by the exam administrator (PSI) to evaluate the quality of the exam and make improvements. Although these questions do not affect your overall test score, you must answer them within the allotted time for the test.
Massachusetts real estate licensing exam candidates are allowed to take the exam an unlimited number of times within two years, starting from the day of their pre-licensing education completion. Within this period, you must get the minimum pass mark of 70% in both exam sections. If you fail one section of the exam, you do not have to retake the section you passed.
However, every retake comes with an exam cost of $54. If a candidate does not pass the exam within 2-years, they will have to retake the pre-licensing education at an accredited real estate school in Massachusetts.
The only way to pass the exam is to study. If you plan on winging it, then you probably won’t hit the 70% pass score. Even putting in minimal studying will make a big difference. If the thought of studying is overwhelming, don’t stress because we have some actionable tips to make studying quick and easy.
Create a healthy study schedule that suits you! You should plan on studying a little bit every night or taking moderately longer sessions every other day. Taking an hour to create your study schedule will help you set the groundwork for success.
When you’re creating your study schedule, make sure you:
Memory aids such as acronyms and mnemonic devices can help make complex concepts easier to learn. Therefore, these tools are great and should be utilized when preparing for the Massachusetts real estate exam.
Acronyms are words derived from the first letters of a phrase or list of items. A good example of a real estate acronym is HELOC which stands for Home Equity Line Of Credit.
On the other hand, mnemonic devices are used to connect pieces of information to relatable things. A good mnemonic device for five types of mortgage loans for homebuyers would be “Cold Apple Juice Feels Good”
Joining a study group is a great strategy for getting prepared. Study groups offer several advantages to their members, such as:
By far, getting guided help is the best way to study. The good news is, we offer a Massachusetts real estate exam prep package to give you this guided help and make studying easy.
The best part of the package are the unlimited practice exams you can take to help you familiarize yourself with the topics and types of questions you will see on the exam. You can customize the practice exams to cover specific categories or simply take a mock version of the exam over and over again.
The full package comes with:
The other great thing about our package is that it gives you an outline of what to study. You don’t have to guess what to know from each category, which eats up your time and fills your brain with unnecessary information. Our exam prep guides you through everything you need to learn for the exam. It’s offered at a competitive price and can make your studying a whole lot easier.
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.
There’s a lot of steps to applying, scheduling, and passing the real estate exam in Massachusetts. But, with a little bit of tenacity and guidance, you can easily start your real estate career. Just remember to deploy the study tips above and you make the exam simple and easy!
If you’ve completed your pre-licensing courses, there’s only one thing standing in front of you and your new career — the real estate exam. As you prepare for your salesperson exam, taking the time to study can make a world of difference in your confidence and acing the exam.
In this article, we’ll go over everything you need to know for the Maryland real estate exam, including:
Let’s dive into all things Maryland real estate exam!
Here is a short 10-question Maryland 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 officially schedule the Maryland real estate licensing exam? The first step is to complete your 60 hours of pre-licensing coursework. Once you’ve finished all your courses, your education institution will send your certificate of completion to PSI Examination Services — the third-party testing administrator — who will then email you and confirm you’re eligible to register for the exam.
If you’ve received that email, you can go to the PSI Examination Services website and create an account to schedule your exam. You’ll have to pick the closest PSI testing center located near you, and then pay the $44 exam fee.
As you register for the exam, you’ll pick which testing center you want to take the exam at. PSI Services has several locations throughout the state:
Unlike some other states, Maryland doesn’t allow students to take the real estate salesperson exam online. That means you’ll have to make plans to travel in person to the closest testing center on exam day to take the test in person. However, you will take the exam via the computer at the actual test center.
To get fully checked in at the test center, you’ll have to bring two forms of ID — a valid government-issued ID (like a passport or driver’s license) and a second ID that has your name and signature. You’ll need to make sure both forms of ID are valid and have the matching name that you registered to take the exam. If you forget your ID or don’t have a valid ID, you won’t be admitted to take the exam and will forfeit your exam fee.
Other than your ID, you should leave all personal belongings in the car or at home. The testing center won’t allow any cell phones, calculators, or other electronic devices into the testing room.
Finally, show up at least 30 minutes early to the exam so you can get registered and checked in, and plan to be there around 2 hours to take the exam.
The Maryland real estate exam has two separate sections that you’ll need to pass to qualify for your license, which total 110 questions. The two sections are broken into state-specific questions about Maryland and a larger national section that tests you on real estate fundamentals.
For the national portion, you’ll have 90 minutes to complete 80 questions which is the bulk of the exam. This section is broken down by the following categories:
You’ll also have the Maryland-specific portion, where you’ll have 30 questions and 30 minutes to answer it. That section is broken down into the following categories:
Having a solid understanding of the general national section is important since it’s the largest category and includes the most questions. But you’ll need to pass both sections in order to get your license.
Yes, there will be a few math questions on the exam! About 10% of the national portion will quiz you on different real estate math calculations like loan-to-value ratio, calculating property taxes, down payment, and other basic formulas you’ll need as a real estate agent. But, if math isn’t your strong suit, we recommend just guessing the answer or solving it last. Since it’s only a small portion of the exam, you can afford to miss a few in this section.
With proper studying and preparation, the Maryland real estate exam shouldn’t be too challenging for most students. But it’s also not going to be a walk in the park! By taking it seriously, you can ensure you’ll pass on the first time. About 32% of students have to take the exam again, so most students pass when they take it the first time.
There are 110 questions that you’ll have to answer over 120 minutes (2 hours.) The national section has 80 questions, and you’ll have 90 minutes to answer those questions. Then, in the Maryland-specific part, you’ll have 30 minutes to answer 30 questions.
The Maryland Real Estate Exam is scored as two separate sections, and you’ll have to get the minimum score on both to get your real estate license. To pass the national portion, you’ll need to answer 56 out of 80 questions correctly. You’ll have to get 21 out of 30 correct in the Maryland section. Across both sections, that’s 70% correct.
When you submit your test, you’ll see immediately if you passed or failed. For those that failed, you’ll be able to see a diagnostic report that gives you an overview of your strengths and weaknesses, which can be a great study resource as you prepare to retake the exam.
If you pass, you’ll see a confirmation screen with instructions on how to submit your license application.
If you fail the exam, don’t worry — you can retake the exam as many times as you need to pass. But, keep in mind that each time you’ll have to pay a new exam fee and wait at least 24 hours to reschedule. That’s why you should consider investing in a real estate exam prep package.
Studying and preparing for the Maryland real estate exam can make all the difference when it comes to passing the exam on the first try. But that requires some effort and focus to set yourself up for success.
If you haven’t started or just started studying for your exam, here are some tips and tricks we suggest:
As they say, practice makes perfect. And when you create a consistent and regular study schedule, you’ll start to retain the information and develop the test-taking skills to help you on exam day.
To do this, we recommend setting aside time to study every night. Print out a calendar of your next few weeks, write out what you’ll be studying each night, and indicate what time you plan to study. Even taking 15 or 30 minutes out of your evening to study and take practice tests can make a huge difference in your study schedule.
With this type of schedule, you’ll have a clear outline and structure to study for your exam.
You can simplify difficult-to-remember phrases or processes with different acronyms and mnemonic devices. This tried-and-true strategy involves creating a phrase or acronym that is easy to remember and ties back to vocabulary words or processes. But as you prepare for the Maryland real estate exam, using this strategy can help you on exam day remember any words you’re struggling with.
There’s strength in numbers when it comes to studying for your real estate exam. Even if you might prefer to study alone, you can benefit from the collective brainpower and support of a study group. When you join a study group, you’ll get to meet new people who are also trying to get their real estate license and potentially learn new ways to understand the information.
Don’t forget that real estate is all about networking, and what better place to start than with your exam prep? A study group can help hold you accountable and give you a space to develop connections in the real estate industry.
While your real estate courses have given you the basic foundation, studying for your exam is a different set of materials and requires different resources to study. That’s where our exam prep package comes in handy.
Our Maryland real estate exam prep package will give you access to a new set of materials to help you get ready for your licensing exam, like practice tests and study guides, that can help you identify where you need to spend the most time studying.
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.
We’ve helped over 50,000 registered students pass their licensing exams with a 90% pass rate. If you're unsure, we offer a free 3-day trial with no commitment required. This way, you can experience the valuable insights our materials provide firsthand.
You’ve put in all the hard work, and passing the exam is the last step to becoming a great Maryland real estate agent. With the right preparation and thoughtful studying, you can ensure you walk into the exam feeling excited and confident.
Making the investment in our exam prep package is a great way to make studying for the exam easy and fun. Plus, with a pass guarantee, you can rest assured that your investment in our program will be worth it.
Are you ready to pass your Maine real estate exam or are you thinking of becoming a real estate agent in Maine? Well, you’ll be joining a group of 5,500 other Mainers who are navigating the exciting world of real estate every day.
We’re here to help you navigate the Maine real estate exam with this guide, where you’ll learn:
Let’s get started!
Here is a short 10-question Maine 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.
If you’ve completed your pre-licensing courses, you’ll be officially eligible to register for the Maine real estate exam! The state has contracted with Pearson Vue to administer the test, so all registrations and test-taking will be done through their company.
Walk-in exams aren’t allowed, so you’ll have to plan ahead to schedule your exam. You can go to Pearson Vue’s website to make a reservation and find a suitable time and location to take your exam.
When you register, you’ll need to submit your legal name, phone number, birth date, and your original course completion certificate and pay the $85 exam fee. Keep in mind your certificate is only valid for one year, so you’ll need to schedule your exam by then, or you’ll potentially have to retake your pre-licensing courses.
When you go to register for your Maine real estate exam, you’ll have to select which Pearson Vue test center you’d like to take the test at. Luckily, Pearson Vue offers several locations throughout the state and surrounding areas to provide several options, including:
You’ll be able to see available testing dates for each test center during the registration process to see what your options are.
If you're planning to take the Maine real estate exam, you'll need to go to a Pearson Vue testing center to take the test in person. Unlike some other states, Maine doesn’t currently allow for online testing.
When you show up at the test center, you'll be supervised by a proctor, which ensures the test environment will be secure. You'll take the test on a computer, just like you would if you were taking it online, but you'll do it in a physical testing center.
When exam day rolls around, you want to be fully prepared, so you have no issues getting admitted to the test center. You’ll need a handful of documents to be admitted:
Pearson Vue suggests you show up at least 30 minutes before your scheduled exam time so you can check in and ensure all of your documents are valid. Since the test center is a secure environment, you won’t be allowed to bring any personal belongings into the facility with you. That means you should leave your phone, purse or other items in the car or at home.
As you sit down on the big day, you want to be sure you’re familiar and comfortable with all of the material you’ll be tested on. The Maine real estate exam is composed of two sections: the general portion of the exam and the Maine-specific part.
In the general portion, you’ll have 2.5 hours to answer 80 questions about the general practice of real estate, and you understand important real estate principles. The breakdown of this category includes:
On the state-specific portion of the exam, you’ll be given 90 minutes to answer 40 questions about Maine real estate law, with the topics covering:
In order to do well and successfully pass the exam, it’s crucial to have a strong understanding of every section you’ll be quizzed on. This will help you to focus and plan your study time effectively, especially on the areas that you feel less comfortable with so that you will be fully prepared for the day of the exam.
As part of the national section of the real estate exam, you will be tested on seven questions about real estate math calculations. But don’t worry! These questions are really designed to measure your understanding of basic calculations that are related to your role as a real estate agent, like figuring out the total area, calculating loan-to-value ratios, and determining down payment amounts.
Even if it seems intimidating or math isn’t your strong suit, just try your best or make an educated guess. It's only a small portion of the exam! The goal is just to confirm you’re able to use the basic calculations that you will use in your new career.
Every profession has its own set of challenges and requirements — and unfortunately, real estate is no different! However, the real estate exam is designed to assess your knowledge and skills to determine if you have what it takes to become a successful real estate agent. It's not meant to be an easy test, but with careful preparation and dedication, you’ll more likely pass on the first attempt.
The Maine real estate exam consists of 120 questions that cover both national and state-specific topics, and you’ll have a total of 4 hours to complete it. When you submit your exam, you’ll see whether you passed or failed.
In Maine, the scoring system is based on a scale where you must achieve a minimum score of 75 out of 100 to pass. If you score below 75, it indicates how close you were to passing rather than the percentage of questions answered correctly.
If you fail the exam, you’ll receive a diagnostic report that outlines where your areas of weakness are and how to reschedule to take the exam again. But, if you pass, you won’t get a diagnostic report —only instruction on officially applying for your license!
Maine doesn’t release how many people have passed or taken the exam. However, our students have a 90% rate after using our RE State Exam Prep courses to prepare for their state’s real estate exams. And with our pass guarantee, you can get your money back if you don’t pass on the first time!
If you don’t pass the exam, the good news is you can schedule a retake in 24 hours! You can go to Pearson Vue’s website and register to retake the exam, but keep in mind you’ll have to pay the $85 examination fee again, which can become costly. You also must pass the exam within one year of your pre-licensing course completion, or you will no longer be eligible.
As you approach the final hurdle for your Maine real estate license, effective study strategies can help you pass the Maine real estate exam without any issues. To help you pass and get your real estate license, here are some useful tips and tricks to help as you prepare for the upcoming exam.
If you're getting ready for the Maine real estate exam, it's important to set up a study schedule that works for you. While it's great to study every night, we understand that everyone has different schedules and life can get in the way.
But if you can find some time to study every other night for a few weeks, you'll be better prepared for the exam. Even if you only have a short amount of time to study each day, a consistent routine can help you remember what you've learned. Sit down and outline a calendar with each of the categories based on how many questions are in each section. The more questions in a section, the more time in that section.
By the time you take your exam, you’ll have covered everything, thanks to thoughtful preparation!
Are you getting hung up on the terminology and processes you need to know for the exam? There are a few fun techniques you can use to make it easier – mnemonic devices and acronyms. Mnemonic devices are catchy phrases or acronyms that can help you remember important words.
Tired of studying alone? Looking for some accountability to help you prepare for the exam? Try joining a study group! Meeting up (either virtually or in person) with other students in Maine who are studying for their real estate exam can be a great way to meet new people, learn new studying tactics and add some accountability to your study schedule.
And, of course, you’ll get to make new friends in the process. Don’t forget that real estate is all about networking and relationships, so joining a study group is a great way to start building connections with other people working towards getting their licenses.
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A life estate constitutes a specific type of property ownership that is limited to the duration of an owner’s lifetime. Legally defined, it is an estate in real property that ceases upon the death of the holder, at which point the property either reverts to the original owner or transitions to a designated successor.
To elucidate the concept of a life estate, let us consider a hypothetical scenario, deeply rooted in the historical context of English common law, from which many modern real estate principles derive. Picture a medieval monarch—often portrayed as less than benevolent in historical accounts—who required robust protection due to widespread dissent among his subjects.
In this era, liquid assets such as money were cumbersome and challenging to manage, whereas land ownership signified substantial wealth and influence. In an effort to secure his safety, the monarch proposed a deal to his subjects, offering them land in exchange for their defense. However, this arrangement came with a significant caveat: the land would only be theirs for as long as the king lived. This stipulation introduces us to the foundational concept of a life estate.
In our illustrative example, the subject defending the king becomes the life tenant, holding the property only for the duration of the king's life. The king retains what is known as an estate in reversion, meaning that upon the life tenant's death, the property would revert to the monarch. Should the king pass away first, the property would logically transition to his heir, typically the prince, who would then hold what is called an estate in remainder.
Translating this to more practical, contemporary terms, a life estate grants the life tenant the right to possess and use the property throughout their lifetime. The life tenant may indeed sell their interest in the property; however, this sale merely transfers the temporary rights, and ownership reverts to the predetermined remainderman upon the life tenant’s death. It is crucial for the life tenant to manage all property expenses, including taxes and insurance, and maintain the property in good condition to avoid diminishing its value for the future remainderman.
Life estates are often utilized in familial and estate planning contexts. For example, a child might transfer ownership of a home to their aging parent, retaining the reversionary interest, thus ensuring that the property returns to them upon the parent’s passing. Alternatively, a spouse may be granted a life estate in a property, with the remainder interest designated to a child from a previous marriage, thereby securing housing for the spouse while ultimately preserving the asset for the child.
When preparing for the real estate exam, understanding the concept of life estates is essential, as it is a fundamental aspect of property law and rights that can appear in various questions. Life estates involve specific legal terms such as "remainderman," "reversionary interest," and "estate in remainder," all of which are key to distinguishing different types of property interests that a real estate professional might manage or encounter in practice. Let’s review these terms:
Remainderman: The person who will inherit property after a life estate is dissolved.
Reversionary Interest: A future interest in property that allows the original owner to regain complete ownership under specific conditions.
Estate in Remainder: A future interest in real estate that is transferred to the transferee or remainderman under property law.
Additionally, the ability to articulate the implications of a life estate in real-world scenarios, such as estate planning or elder care arrangements, demonstrates a comprehensive grasp of property rights. Grasping these concepts not only helps in passing the exam but also equips future real estate professionals with the knowledge to advise clients accurately and effectively in complex legal and familial property arrangements.
This overview should provide clarity on the function and applications of life estates. As always, when dealing with property law, precision and simplicity in understanding are paramount to passing the real estate exam and giving you the upper hand toward a successful real estate career.
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Navigating the world of real estate can be confusing, especially when it comes to understanding the different roles of real estate agents. Two terms that often cause confusion are "listing agent" and "buyer's agent." While they may sound similar, they represent different parties in a real estate transaction. Let's demystify these terms and explore what each agent does.
A listing agent, also known as a seller's agent, is a real estate agent who represents the seller in a property transaction. Their primary goal is to help the seller get the best possible price and terms for their property. Here's what a listing agent does:
The agent looks at other houses that are similar (also known as Comparative Market Analysis (CMA)) and helps the seller decide how much to ask for their house.
The agent gives tips on how to make the house look ready for showing so that more people will want to buy it. This might include cleaning, a fresh coat of paint, fixing things, or rearranging the furniture.
The listing agent tells people who are looking to buy a house about the seller's house. They put information about the house on the internet and might even have an open house where people can view the house in person.
When someone wants to buy the house, the listing agent helps the seller decide if the offer is good or if they should ask for more money or different terms.
Once the seller and buyer agree on a price and terms, the agent helps with the paperwork and makes sure everything is done correctly so the sale can be completed.
The listing agent's loyalty lies with the seller. They are legally bound to act in the seller's best interest, providing guidance and advice throughout the selling process.
Next, let’s look at the role of the buyer’s agent:
A buyer's agent, often referred to as a selling agent , represents the buyer in a real estate transaction. Their role is to help the buyer find the right property and negotiate the best terms and price. Here's what a buyer's agent does:
The agent helps the buyer understand all the steps they need to take to buy a house. This includes things like looking at houses, securing a loan, and making an offer.
The agent listens to what the buyer wants in a house and then finds houses that match those needs. They help the buyer look at different houses and choose the best one.
For each house, the agent points out what's good about it and what might be a problem. This helps the buyer make a smart choice.
When the buyer decides on a house, the agent helps them decide how much to offer and what other things they might ask for, like fixing something that's broken. The agent then talks to the seller's agent to agree on a price and terms.
After the buyer and seller agree on everything, the agent helps with the paperwork and makes sure everything is done right so the buyer can become the new owner of the house.
The buyer's agent is dedicated to the buyer's interests. They provide advice and support to help the buyer make informed decisions and secure a favorable deal.
When a house is sold, the seller usually pays a commission, which is a percentage of the final sale price. This commission is typically split between the listing agent's brokerage and the buyer's agent's brokerage. The listing agent's brokerage represents the seller, and the buyer's agent's brokerage represents the buyer.
The commission from a real estate sale is initially split between the seller's and buyer's brokerages. Following that, each brokerage allocates a portion of their received commission to the agent involved in the transaction. The specific percentage an agent receives is determined by their contractual agreement with their brokerage. This can vary widely; some agents may receive a larger share of the commission, while others may receive a smaller amount. For a more detailed exploration of how agents' earnings are structured, check out our blog post dedicated to real estate agent salaries.
In certain situations, a single real estate agent might work for both the person selling a house and the person buying it. This is called "dual agency." While this can make things simpler since there's only one agent, it can also be tricky because the agent has to look out for the best interests of both the buyer and the seller, which can sometimes be at odds with each other.
For example, the seller wants to get the highest price possible, while the buyer wants to pay as little as possible. It can be difficult for an agent to make both parties completely happy in this situation. Because of this, some places don't allow dual agency since it can lead to problems and isn't fair to everyone involved.
However, there are times when dual agency might work well. Let's say a buyer is looking for a very specific type of property in a rural area, and there's only one agent who really knows that market. In this case, it might make sense for that agent to represent both the buyer and the seller, as long as everyone understands the situation and agrees to it. This can help the transaction go smoothly, especially in a market where there aren't many options or agents to choose from.
Grasping the responsibilities of listing agents and buyer's agents is essential for anyone engaged in a real estate transaction. Whether you're looking to buy or sell, partnering with a well-informed and seasoned brokerage can greatly impact the success of your real estate endeavors.
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After finishing your coursework and exam for your Florida real estate license, it’s crucial to ensure your license information is correct before starting your professional activities. Follow this straightforward five-step guide to check your Florida real estate license status online.
Navigate to MyFloridaLicense.com, which is managed by the Florida Department of Business & Professional Regulation (DBPR). This site is a primary resource for accessing and verifying Florida real estate license details, offering full transparency to both real estate professionals and the public.
Upon visiting the website, you will notice options to search by name, license number, city or county, and license type. Start by selecting the name search option and then click “Search.” You’ll be prompted to enter your first and last name; after entering this information, click “Search” again to view your license details.
The search results will display your license type, number, and status. If active, the results will also indicate the date your license is set to expire and show the address of your associated brokerage. This step is important to ensure all your information is up to date.
It’s essential to confirm that your Florida real estate licensing information is accurate and up-to-date, especially since it is publicly accessible. Always use the official MyFloridaLicense.com site for your inquiries to ensure security.
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The applying, scheduling, and passing of your real estate exam will take your full attention for the next few months. To make this process easier, we assembled a comprehensive article that tells you EVERYTHING you need to know about the Louisiana real estate exam. We’ll cover:
Here is a short 10-question Louisiana 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 be able to apply for the real estate licensing exam in Louisiana, you must meet the following requirements:
If you meet all the requirements listed above, then you can go on to apply for the exam. The first step is to submit a Salesperson License Application Part A to the Louisiana Real Estate Commission (LREC). Alongside this application form, you must also:
If the LREC approves your application, you will receive a confirmation email from PSI containing instructions on scheduling the exam. The fastest and easiest way to schedule this exam is by visiting the PSI website online. Simply create an account and follow the prompts to schedule your exam in a testing center nearby.
Scheduling this exam will cost you an $85 non-refundable exam fee, different from the fee you paid while applying. Also, note that your examination eligibility is only effective for 90 days from the day it was issued and only permits you to take the exam once. If you do not take or fail to pass the exam after this try, you’ll have to turn in another application.
The Louisiana real estate license exam can be taken at any of the following PSI-approved testing centers within the state:
No, the Louisiana real estate exam cannot be taken online. All candidates will be required to present themselves at any designated PSI exam centers, where they will be supervised for the exam duration. Therefore, it is advised that you choose any of the aforementioned locations nearest to you when applying for the exam.
On the day of your Louisiana real estate exam, you are required to bring the following:
Note that on the day of your exam, you are expected to be at the testing center 30 minutes before your scheduled appointment. Within this period, you’ll complete your sign-in and identification, take a photograph for your score report card and learn more about the test process. If you arrive late, you may not be allowed to take the examination, and your registration fee will be forfeited.
The Louisiana real estate exam is made up of two sections, namely:
Here are some topics you will come across in the National portion, as well as the percentage of questions per topic:
Here are some topics you will come across in the State portion, as well as the number of questions per topic:
Yes, there will be math on the Louisiana real estate licensing exam. These math questions will be in the national-specific section and related to basic math concepts like Loan-to-Value (LTV) ratios, discount points, and equity. Calculations on transactions questions will also be present, including property tax calculations, commission splits, and prorations.
Remember that these math problems could be challenging and time-consuming to answer. So, unless the answers are obvious, it is best to save these questions for later while you go on to answer other questions. This way, you have enough time to answer more questions.
The Louisiana real estate exam is considerably difficult. This should come as no surprise since this exam ensures that only the most learned and best agents are qualified to operate within the state.
It is important to note, however, that the difficulty level you experience can vary greatly depending on your level of preparedness, which is why you should do your best to be prepared.
The Louisiana real estate exam consists of 135 multiple-choice questions; 80 for the national and 55 for the state portions. These questions are all multiple-choice, with each coming with 4 options to choose from. Candidates will each have 180 minutes (3 hours) to complete the exam. This time frame is divided into 105 minutes for the national portion and 85 minutes for the state portion.
The passing score for the Louisiana real estate exam is 70%, indicating that candidates must answer 56 questions correctly in the national portion and 40 in the state section to pass. Once the exam is completed, your score will be displayed on the computer screen so you can tell whether you passed or failed.
While Louisiana does not release passing rates for its real estate exam, we know that many factors will determine this passing rate. Some of these factors include:
While you can take the Louisiana exams as many times as possible, you have to submit a new application to the LREC to request permission for a retake. If you pass one section and not the other, your score in the section you passed will only be valid for one year.
You’ll have to pay an exam eligibility fee of $15 alongside your application and an exam fee of $85 while scheduling your exam with PSI.
You need in-depth knowledge of real estate principles, laws, and regulations to pass the Louisiana real estate licensing exam. Here are proven study strategies that have already helped thousands of students pass the exam.
Creating a study schedule is one of the best ways you can help yourself when preparing for your Louisiana real estate licensing exam. Ideally, a study schedule should help you balance your study time and time spent on other daily activities.
Therefore, as you draft your schedule, you should consider basic factors like your current commitments, learning style, and how much ground you have to cover. Here are a few things to keep in mind when creating a study for your Louisiana real estate exam:
Acronyms and mnemonic devices are excellent study tools that help you remember and recall information. They are especially helpful when memorizing lists or complex concepts for your Louisiana real estate exam.
Acronyms are formed by taking the first letter of each word in a phrase to create a new word. A good example of a real estate acronym is FSBO which stands for For Sale By Owner.
Mnemonic devices, on the other hand, are formed by associating certain information with memorable things. A good mnemonic device for a property's four essential characteristics to have value would be “Don’t Utter Silly Things.”
Another smart thing to do when studying for your Louisiana real estate exam is to join a study group. This move will enhance your learning process and experience and greatly improve your chances of success. Here are some of the benefits that joining a study group offers:
The Louisiana real estate exam can be a tough one to study for, mainly because of the mandatory 90-hour pre-licensing coursework. Therefore, to get the best training possible, you should get our Louisiana real estate real estate crash course and exam prep package to make studying easy.
At our real estate school, our highly qualified tutors guide through the complexities of studying for the exam. They also assist you in identifying and capitalizing on your strengths and can keep a steady eye on your progress over time.
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The Louisiana real estate exam is important in becoming a licensed real estate professional. Passing this exam requires careful planning and a firm grasp of major and minor real estate concepts.
Want to make studying for the real estate exam easy? 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.
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Have you ever noticed that some states involve “deeds” while others have “mortgages”? There’s a difference between the two real estate terms and when they apply. When purchasing property in the United States, the terms "deeds" and "mortgages" might crop up, signaling significant differences in how property ownership is handled across states.
Broadly, U.S. states fall into three categories: lien theory states, title theory states, or a hybrid of the two, referred to as intermediary theory. Knowing which category your state falls into is crucial because it not only affects your rights as a homeowner, but it also allows you as a real estate agent to effectively guide your client through the intricacies of these terms.
In lien theory, the property transaction operates under a specific legal framework that impacts the relationship between homeowners and lenders. Here, when you purchase a property, you—as the homeowner—retain the title from the outset, even if you secure a mortgage to finance the purchase. This title grants you full legal ownership of the property, signifying that you hold all rights to use, rent, sell, or even modify the property, subject to any applicable laws or regulations.
The lender's role in this arrangement is defined by the lien they hold against your property. A lien is essentially a security interest granted over a property to secure the payment of a debt. In the context of a mortgage, the lien does not confer ownership to the lender; instead, it gives them the legal right to claim reimbursement through the property if the borrower fails to comply with the terms of the mortgage agreement—typically, if they fail to make scheduled loan payments.
This lien is recorded in public records, making it a part of the property’s legal history. This is important for future transactions, as any sale of the property would require the lien to be paid off or transferred appropriately to ensure clear title for subsequent buyers.
Once the mortgage is fully paid off, the homeowner must take steps to ensure that the lien is formally removed from the public records, typically through a document called a satisfaction of mortgage or a release of lien. This document is critical as it legally clears the homeowner's title, affirming that the lien is extinguished and the debt is fully settled, thereby restoring the property’s unencumbered status.
The legal framework in lien theory states generally favors the homeowner by allowing them to maintain control and ownership of their property, contrasting with title theory states, which we’ll discuss later, where the lender holds the title until the mortgage is repaid. Understanding this distinction is crucial for homeowners as it affects their rights and responsibilities throughout the duration of their mortgage.
Consider you're a homeowner in New Mexico. You hold the title, and when you secure your mortgage, you agree to give the lender a lien—a legal claim—on your property as security for the repayment of the loan. This arrangement emphasizes that while the lender has a claim to the property should you default, they do not own it outright during the term of the loan.
In title theory states, the dynamics of property ownership and mortgage financing differ significantly from those in lien theory states. Under title theory, the lender effectively holds the title to the property as a form of security until the mortgage loan is fully repaid. This legal arrangement involves the use of a deed of trust, which includes not just the borrower and the lender, but also a third party known as a trustee.
The trustee holds the actual title to the property on behalf of the lender. Their role is to act as a neutral party who manages the title until the borrower satisfies all loan payments according to the mortgage agreement. If the borrower defaults on the loan, the trustee has the authority to foreclose on the property, often without the need for judicial proceedings, depending on state law.
Upon the completion of the mortgage payments, the trustee then issues a deed of reconveyance to the borrower. This deed is a legal document that transfers the title from the trustee back to the homeowner, signifying that the loan is paid in full and that the lender’s interest in the property is extinguished. This process is critical because it formally and legally establishes the homeowner’s full and unencumbered ownership of the property.
A key distinction between lien and title theory states lies in the foreclosure process. In lien theory states, foreclosure usually requires judicial review, making it a potentially longer and more complex process. In title theory states, lenders can often proceed with non-judicial foreclosures, which is typically faster and without court involvement.
In intermediary theory states, the legal framework governing property ownership and mortgage financing offers a blend of elements from both lien and title theory states. This unique approach gives homeowners the title to the property even as they have an outstanding mortgage, much like lien theory states. However, the powers granted to the lender in the event of a default are somewhat stronger, akin to those found in title theory states.
In these states, the dual approach aims to balance the rights of homeowners to control their property with the lender's need for security and ease of reclaiming the property in the event of default. This middle ground offers some benefits of both the lien and title theories, providing homeowners with more rights than in title theory states, while allowing lenders more direct recourse than what is typically available in lien theory states.
Real estate laws are highly state-specific, influencing critical aspects of property ownership, rights, and foreclosure processes.
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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.
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We know studying, preparing, and getting certified for your Kansas real estate license can feel like a big hurdle. But you’ve got this! We're here to walk you through everything you need to know to pass your Kansas real estate exam and get your license.
If you’re preparing to take your Kansas real estate licensing exam, keep reading to discover:
Here is a short 10-question Kansas 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.
If you’ve completed your prelicensing education, the next step is to make it official and register to take the Kansas real estate exam!
To register for the exam, you must apply online through Pearson VUE, which is a third party company contracted by the Kansas Real Estate Commission. Pearson Vue is responsible for scheduling and proctoring the real estate exam. After creating your account, you will submit the required paperwork through your Pearson VUE account as well as schedule your exam date.
The Kansas Real Estate Commission requires all applicants to take the real estate licensing exam in person at a Pearson Vue test center. Luckily, there are testing sites available across the state, including:
When you register and schedule your exam, you will indicate which location you want to test at and confirm the available spots.
The Kansas real estate exam cannot be taken online. Instead, applicants will have to make the proper arrangements to go in person to the closest test center to take the test.
You want to show up with the right materials and information so there aren’t any hiccups getting admitted into the exam room.
On the day of the exam, make sure you show up at least 30 minutes early so you can check in and show your proper identification. You’ll need to bring two forms of ID on the exam day. One must be a primary ID issued by the government with your photo, signature and non-expired.
Some examples of acceptable documents for the primary ID include:
The other must also have your signature and be valid. This can be a Social Security Card, debit card, or any form of ID on the primary list.
Aside from your ID, you’ll also be required to show your certificates of completion for the required pre-licensing courses. All other personal belongings should be left at home, since they won’t be allowed into the test center.
Make sure you have all of these items ready to show the proctor, or else you won’t be admitted into the exam! You’ll forfeit your exam fee and will have to reschedule at least 24 hours later.
The exam comprises two sections — a national portion that’s meant to test you on general knowledge of real estate and the industry and a Kansas-specific section on the state’s laws and guidelines.
In the national section, you’ll have 80 questions that are broken down as follows:
Then you’ll get to the 40 Kansas specific questions to make sure you fully understand the topics that relate to being a real estate agent in the state. That section will include:
While the majority of the questions will be focused on general topics, each section is equally important! That’s why understanding the breakdown between sections can help you prepare and focus your studying efforts.
If math isn’t your strong suit, don’t worry! There are only a few math questions on the Kansas real estate exam — 7 to be exact. With 120 questions, only 7 math questions shouldn’t send you into a panic. On top of that, the content of the math questions will be focused on real estate topics that you’ll use in your daily career, like square footage, acreage, calculating loan to value and different fee structures.
If you encounter a problem you’re not sure how to solve, take a guess or just skip it. It’s only a small portion of the exam! Don’t spend too much time on it when there are easier questions to answer. You can always come back to it!
The Kansas real estate exam is not meant to be a walk in the park — otherwise, everyone would be a real estate agent. That being said, with the right preparation and studying, you can pass the real estate exam!
There are a total of 120 questions on the Kansas real estate exam across two key sections — general and Kansas-specific. You’ll have 4 hours in total to complete the exam, with 2.5 hours for the general section and 1.5 hours for the state-specific questions.
The Kansas real estate exam has a passing rate of 64%, meaning that the majority of students who take it become real estate agents.
If you fail the exam, remember that you are able to schedule a retake of the exam, but you’ll have to pay a $75 exam fee and wait 24 hours to reschedule the test. The good news, though, is that if you pass one section, you’ll only have to take the section you failed again.
Additionally, if you fail, you’ll get a specific numeric score that can help you determine how close you were to passing or what material you might need to study a bit deeper.
Now that you know exactly what to expect on exam day, it’s time to study and prepare for the exam! Here are some helpful tips and tricks to ace the exam on your first attempt.
Practice makes perfect. To set yourself up for success, develop a regular study schedule that has you studying every night, or at least every other night. Creating a well-planned studying schedule is a very helpful step towards effectively preparing for your exams.
With a clear study schedule in place, you'll have more time to absorb the material and get ready — even if you only have 15 or 30 minutes to study. Establishing and maintaining a consistent study routine can significantly improve your ability to remember the material.
If you find it difficult to recall complex real estate jargon or procedures, using mnemonic devices such as acronyms or memorable phrases can be helpful. This method, which has been utilized in classrooms for many years, involves creating rhymes or phrases that aid in the retention of vocabulary by the brain.
A well-known example is "Roy G. Biv" to recall the colors of the rainbow. Don't hesitate to use your imagination and come up with a unique study acronym that helps you. When you come across that material on exam day, you’ll have a simple way to recall what you learned.
Real estate is all about networking, right? By joining a study group, you’ll not only learn new ways to remember the material, you’ll also get to network and meet new friends. It's a wonderful way to share different tips and techniques with others and discover new ways of studying that you might not have thought of on your own. Extra support can help hold you accountable and improve your chances of passing!
Just like your pre-licensing course work, your exam prep can make all the difference when it comes to passing your exam. That’s why courses like our exam preparation package can give you added resources to study and help you pass the exam — the first time around.
Incorporating an exam prep course not only gives you additional material to study from. It’s specifically tailored to the content on your exam, so you can rest assured that you’re studying from the most relevant and up-to-date content that you’ll see on the Kansas real estate exam.
When you join for our Kansas real estate exam prep package, you’ll get practice tests, flashcards and more to help identify your strong and weak areas of content and where you can focus in your studying efforts.
This package gives you access to:
Not sure if you want to enroll just yet? You can try our platform with a free three-day trial to see how our program is structured and how it can help you with your exam prep. There’s no obligation to sign up, and you can see how our study materials can benefit you as you prepare for the exam.
With the right tools, focus, and work hard, you can pass the Kansas real estate exam and get started on your new career as a real estate agent. With the right preparation and a little belief in yourself, you’ll head into exam day ready to go.
If you're considering a career in real estate in Michigan or are already navigating the waters of property sales and management, you'll inevitably encounter the Michigan Department of Licensing and Regulatory Affairs (LARA). This pivotal state agency plays a crucial role not just in your entry into the profession but throughout your career.
LARA is the acronym used for the Michigan Department of Licensing and Regulatory Affairs. It is an essential part of the executive branch in Michigan, responsible for overseeing the licensing processes for various professions within the state, including real estate. Aspiring and practicing real estate agents should be well-acquainted with LARA, as it significantly influences their professional journey.
LARA is instrumental in providing a range of services that facilitate the professional careers of individuals and the operations of businesses across Michigan. Its responsibilities extend beyond the issuance of licenses to include the regulation and enforcement of professional standards. This means LARA also holds the authority to revoke licenses if a professional fails to adhere to state laws, which typically follows an investigative process.
Professional licensing forms a significant part of LARA’s mandate. This area focuses on ensuring that professionals across various industries meet the necessary qualifications and adhere to state standards. For real estate agents, this means obtaining and renewing licenses through approved courses and adhering to ethical and operational guidelines.
The oversight of construction and commerce by LARA is particularly significant for the real estate industry in Michigan.
In the realm of commerce, LARA plays a crucial role in regulating business practices that directly affect real estate operations. This includes overseeing the incorporation of real estate businesses, ensuring that these companies adhere to fair trade practices, and monitoring compliance with Michigan’s commercial laws and regulations.
Additionally, LARA’s regulatory framework helps maintain a level playing field, which is essential for fostering fair competition and protecting consumers in the real estate market. Such oversight is vital for maintaining the integrity, professionalism, and competitiveness of Michigan’s real estate sector.
In the real estate sector, LARA’s role in enforcing employment regulations is crucial for maintaining fair labor practices and ensuring workplace safety. Here’s how LARA's oversight impacts employment within this industry:
LARA ensures that real estate agencies comply with state wage laws, which include fair compensation for overtime and commissions. This enforcement helps prevent disputes and promotes fairness within real estate firms which is crucial for agent retention and morale.
Through the Michigan Occupational Safety and Health Administration (MIOSHA), LARA sets and enforces safety standards specifically relevant to real estate activities, such as property inspections and construction site visits. These regulations are vital for ensuring that real estate professionals work in safe environments, thereby preventing workplace injuries and other preventable hazards.
LARA administers workers' compensation and unemployment insurance programs that are beneficial in the real estate industry. These programs provide financial stability and support to real estate professionals during periods of low market activity or recovery from job-related injuries.
Interestingly, LARA was previously known as the Department of Commerce, among other names, reflecting its evolving role over the past 55 years in adapting to the state’s changing economic and professional landscapes.
LARA's efforts to streamline regulations and ensure fair practices significantly benefit Michigan's real estate industry in several ways:
Within LARA, the real estate sector is specifically managed by the Michigan State Board of Real Estate Brokers & Salespersons. Established in 1980, this Board is a cornerstone of the real estate industry’s regulatory framework, overseeing various facets from residential to commercial real estate and from leasing to market analysis.
The Board’s responsibilities extend to the educational sphere, where it approves the curriculum for real estate courses across Michigan. This ensures that educational providers, who must design their courses according to the board's standards, offer the same, relevant, up-to-date information.
The Board consists of nine members who serve four-year terms. This group includes six professional members and three public members, all appointed and confirmed by the state senate. The Board works with the Department to oversee the practice of approximately 6,011 limited real estate appraisers, state licensed appraisers, certified general appraisers and certified residential appraisers as of 2024. Their decisions shape the educational and professional standards for the state’s real estate industry.
For anyone aspiring to launch or advance a career in the real estate sector in Michigan, gaining a thorough understanding of and regularly interacting with the Michigan Department of Licensing and Regulatory Affairs (LARA) and the Board of Real Estate Brokers & Salespersons are essential.
These entities not only establish the professional and educational standards that every real estate agent must meet but also actively ensure that these standards are consistently upheld.
This regulatory oversight helps maintain a professional, ethical, and competitive real estate market in Michigan, which is vital for the success of individual agents and the industry as a whole.
By adhering to the guidelines set forth by LARA and the Board, real estate professionals can enhance their credibility, ensure compliance with state laws, and contribute to the overall health and growth of Michigan's real estate market.
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A common question among aspiring real estate professionals is about the financial aspect of this process.
In this blog, we aim to clarify the various costs you may encounter on your journey to becoming a licensed real estate agent. Our goal is to provide a detailed breakdown of these expenses, guiding you to effectively plan and budget for this important career milestone.
The cost of taking the real estate exam in the United States varies by state, with fees generally ranging from $35 to $130 per attempt. This variation in cost is due to differences in state regulations and the administration of the exams.
After passing the exam, there are separate state application fees for obtaining your real estate license, which typically run between $125 and $400, depending on the state.This fee varies significantly from state to state. For instance, at the time of writing this blog:
Before taking the real estate exam, states require candidates to complete a specific number of hours in pre-licensing courses. These courses are designed to provide a foundational understanding of real estate principles, laws, ethics, and practice.
The cost of pre-licensing education can vary significantly depending on the state and the institution offering the course. Prices generally range from $200 to $1,000, reflecting differences in course length, complexity, and mode of delivery (online or in-person).
The variation in cost also takes into account the depth and breadth of the content covered in these courses. Some states might have more comprehensive requirements, leading to longer and more detailed courses, which could be at the higher end of the price range.
The choice of educational provider is another factor influencing cost. Renowned institutions or schools with higher ratings may charge more, but they often offer additional resources, support, and networking opportunities.
It's important for candidates to research and choose a course that not only fits their budget but also aligns with their learning style and career goals.
Investing in real estate exam prep such as practice exams, textbooks, and study guides is a common strategy for many candidates preparing for the real estate exam, although it is not mandatory.
These resources are crucial for reinforcing knowledge and familiarizing oneself with the exam format. The cost of these materials varies, generally ranging from $20 to $100 or more. This price variation reflects the depth of content covered, the quality of the materials, and the reputation of the publishers or creators.
Comprehensive study guides that offer detailed explanations and cover a wide array of topics tend to be more expensive. Practice exams, which simulate the actual test environment, can also vary in price based on their similarity to the real exam and the number of practice questions provided.
These resources are invaluable for candidates who seek thorough preparation and a deeper understanding of the subject matter.
Aspiring real estate agents must consider post-exam licensing fees, which vary significantly across states due to differing regulations. These fees cover the cost of processing applications and issuing licenses. Some states might have a relatively lower post-licensing fee, around $50, making it more accessible for new entrants into the field.
In contrast, other states could charge up to $150, reflecting perhaps a more comprehensive licensing process or higher administrative costs. For example, the cost of the Florida real estate post-licensing course, depending on which school you choose, is generally about $100 to $150. It's essential to budget for the post-exam licensing fees as they are integral to the overall cost of becoming a licensed real estate agent.
When planning to take the real estate exam, if the testing center is not nearby, you need to factor in travel costs. This includes transportation, such as gas or public transit fares, and possibly accommodation if an overnight stay is required, which can vary based on location and duration of the stay.
If you don't pass the real estate exam on your first try, you'll be required to pay the exam fee again for each subsequent attempt. This emphasizes the importance of thorough preparation to avoid the additional financial burden of retaking the exam.
As part of the licensing process, many states mandate a background check and fingerprinting to ensure the integrity and reliability of real estate professionals. This process typically adds an extra $50 to $100 to your overall licensing expenses, covering the administrative costs of these security measures.
When budgeting for the real estate licensing process, it's wise to consider an estimated total cost range. This range should account for various expenses, including state-specific fees, educational costs for pre-licensing courses, study materials, travel expenses, retake fees, background checks, and post-exam licensing fees.
Generally, the total estimated cost can range from approximately $1,000 to $2,500 or more. This estimate varies based on the state, the choice of educational provider, and additional individual expenses.
While the financial commitment of taking the real estate exam is considerable, it's a valuable investment toward your future in the industry.
One way you can reduce the cost of taking the real estate exam is by passing the first try. When you retake the exam, the costs stack up! That’s why we created an exam prep package to help you prepare and study for the real estate exam.
With a money back guarantee, our exam prep package will ensure you’re prepared to pass on your first try while saving you from retaking the exam. If not, we will refund your money. To get the exam prep package, which we highly recommend, click the button below!
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