What Makes A Contract Of Sale Valid
TIPS & TRICKS to help study for the REAL ESTATE EXAM!
As a real estate agent you must be well-versed in contracts of sale. This study guide will cover offers and negotiation, interests and identities of contract parties, descriptions of real estate, property price and payment, contingencies and special terms of sale, settlement dates, and signatures.
We hope you found our Real Estate study guides useful as you begin studying to become a licensed Realtor! If you ever have any questions or suggestions on how we can improve the website, please reach out to us on Facebook, YouTube, Instagram, or Twitter, or you can always shoot us an email at
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Let’s continue studying where you left off.
Focus On Your Strengths
At the end of the day, you need a score of 75% or above to pass your Georgia real estate exam, so you have a little wiggle room. Rather than focusing on your weakest areas, it’s good to focus on your strengths. If you’re amazing at memorizing vocabulary, do flashcard drills until you’ve got all your definitions down pat. Or if you’re a math whiz, spend time memorizing all your critical real estate formulas.
Combine your knowledge of what’s on the test with your strengths to make sure you’re able to proudly walk out of that testing room with a passing score.
Use The Right Resources
Focusing on the resources designed to pass the real estate exam will establish a solid study foundation. There are multitudes of practice tests available online. Because questions and tests change due to business practices and legal revisions its important to ensure you are working with the most up-to-date training books, study guides and resources.
The practice tests Agent Real Estate Schools use contain sample questions that are similar to questions you will see on your state exam. However, the Department of Real Estate maintains a large pool of exam questions that they draw from on a frequent and indeterminable basis. The exam will be different from one day to the next.
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Get A Distraction Blocker For Your Computer
If you find it difficult to focus while youre on your computer, install a program that will temporarily block websites so you can work. We all know there are just some sites that waste time whether its quizzes, sports updates or social media. Tools like Cold Turkey and FocusMe will block out the websites of your choice for a set period of time. You can set a weekly recurring block if you need a lot of help being disciplined. That way you know you wont be able to check your social media at a certain time each day or week.
How To Study For A Real Estate Exam
The real estate exam is an important step to getting a real estate license. There are several steps through which you can prepare yourself for this exam. These include consulting a real estate friend who has already attempted an exam or finding the right study material. Let us dive into each method in detail.
1Create a schedule
Setting up a study schedule is the first step to starting your real estate exam preparation. If you are thinking about preparing for the real estate exam, you can create a proper schedule where you divide your day into multiple segments. Remember to include breaks between your studies, as it will help you refresh and study with a clear mindset.
2Practice mock tests
Only browsing or reading the study material will not assure you the success in the exam. The real estate exam is of a multiple-choice format, and therefore it is always beneficial to practice previously asked questions every day to increase your success rate. You can take practice exams from trusted sources to prepare for your real estate exam. You can then analyze your results and see in which areas you are currently lacking and then make extra efforts to improve your overall performance.
3Diversify the Study Material
4Use Acronyms
5Consult an Expert
6Read Each Word Carefully
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Read It Know It Or Skip It
A good test-taking skill is to answer the questions you know first, while not getting bogged down on those that you’re not sure about. Real estate licensing exams are computerized, and the software makes it easy to mark and come back to, skipped questions. As a rule of thumb, if you know it, answer it. If you’re not sure, move on. It may surprise you how a related question further along in the test can help you to answer the ones you skip.
Connect With An Agent Who Has Recently Passed Their Real Estate Exam
Since the real estate license exam changes from year to year, theres no better way to get insight into your future test than to speak to a recently licensed agent. Though theyre told not to speak about the specifics of the individual questions on the test, theyre free to talk about their overall impressions, the testing conditions, and so forth. This sort of information can be really valuable as youre putting together your final test prep strategies.
If youre unsure where to connect with agents like this, we suggest chatting with your soon-to-be broker. If your broker is an active recruiter , chances are there are other agents who have recently passed their test and are getting started in the industry just a few months ahead of you.
These are people youre going to want to get to know and work with anyway after youre licensed, so why not start now and get the benefit of their recent testing experience?
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How Do I Prepare For The Real Estate Exam
To prepare for the real estate exam, you should be constantly reviewing what youâve learned in your pre-licensing classes. Like any test, the key is to memorize as much as you can and work to fully understand the concepts so you can make your way through any tricky questions. Below are a few specific tips for helping you prepare for the real estate exam.
Schedule Short Periods Of Focused Study
How to Pass the Real Estate Exam (The Best Way)
Most students and aspiring real estate agents struggle with procrastination. One way to trick yourself and prevent procrastination is by using the Pomodoro technique. Set a timer, study for 25 minutes, then take a five-minute break. Use the free Pomodoro tracker below to start timing yourself and tracking your tasks.
Pomodoro tracker online
During the study time, cut out all possible distractions and focus entirely on studying. During the five-minute break, reward yourself with ice cream, a YouTube video, or a short walk. You should also take one long break after working for more than a few hours.
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Reasons People Fail The Exam
Though we want to stay positive in this article and talk about how you can prepare to pass the exam, itâs also important to talk about why people do fail the exam on their first try.
There are a few main reasons, which luckily are pretty avoidable if youâre committed to your studies and becoming a top-notch agent.
The 7 Best Real Estate Exam Prep Courses Of 2022
- Best Bundle for Pre-Licensure and Exam Prep Courses: AceableAgent
- Best for Brokers: CompuCram
- Best for Additional Courses: 360 Training
Instructors are practicing real estate agents
Access and interact with instructors
Continuing education classes are competitively priced
(Video) All about CSR (relevant to SBL exams)
Interface is slightly dated and not as user-friendly
Shipping of learning materials not included in course prices
Kaplan offers both exam prep and pre-licensure courses for real estate agents and brokers. The company has been offering test prep in some form since 1945 and is considered the industry leader. The multitude of states it covers, its high ratings, and in-depth course material make it our top pick for real estate exam prep courses.
Kaplan offers different course prices for different states. All salesperson exam prep packageson-demand, live online, and self-paced onlineaverage $99, with some states offering online courses for as low as $49, and on-demand courses for as much as $199. Kaplan offers a la carte pricing in some states, while others have only one or two options. The Career Launcher Packagean online course designed to help one launch a real estate business that includes both licensing and exam prep contentis about $400 to around $1,000, with 75 to 180 hours of learning, depending on your state.
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Talk To Someone Who Recently Took The Test
State licensure test evolves slowly over time. If you have a friend, classmate, or acquaintance who recently took the exam, they’re a great resource for intel on what to expect on test day. Ask questions about what parts of the test they found challenging and use that information to guide your study sessions.
Also, get feedback on how difficult they found the test to be, and see if they have any advice on the best way to prepare. Going straight to the source will give you the most candid feedback on what the testing experience will be like for you.
Best For Additional Courses: 360 Training
360 Training
Most courses are offered as PDFs with quizzes
Pre-licensing courses are only available in 14 states
Strict 72-hour refund policy
360 Training offers real estate exam prep courses as well as a variety of other courses for real estate professionals in different fields, along with workforce training, environmental safety, and food and beverage industry classes. Their real estate course offerings include salesperson and broker exam prep courses, pre-licensure and post-licensure classes, and continuing education classes.
With this wide array of training on real estate-related topics, we chose 360 Training as the best exam prep course for additional courses. Its great for someone who may want to take multiple real estate-related classes on the same platform or who has an interest in one of the other industry education choices the company offers.
The exam prep courses are interactive, self-paced online classes with simulation quizzes and activities that make learning more engaging than just reading a textbook. Classes can be accessed anywhere you have an internet connection and include practice tests, problem-solving, and analysis skill-building. Since the classes are self-paced, they can be completed in as quickly as a weekend or longer, depending on the time devoted to them.
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Understand How To Take Tests
While the material you need to pass the real estate license exam is critically important to know, its also helpful to have some test-taking skills, especially if you havent dealt with high-pressure tests recently. Consider these strategies:
Read every word slowly in every question. Sometimes, youll miss words such as if or all and that can change the answer.
Dont rush through the test. Take your time to read the data and analyze it from a strategic view.
Breathe through your test. If you find yourself overwhelmed or under too much pressure, thats when you know you need to close your eyes, breathe in deeply, and calm your heart rate.
Make sure you sleep well in the week leading up to your exam. Dont binge the night before as that can limit your cognitive capacity later on.
Arrive on time for your test. Get a good idea of the layout of the area. You want to feel comfortable.
If you dont know the answer to a question right away, skip it. You can go back to it later. Dont put too much time into a single question.
Dont rush through the exam. Make sure you take your time and focus.
If youre really struggling with test-taking itself, do a few practice exams in a formal environment, such as in a library or office space. This can help give you some peace of mind.
Real Estate Exam Content Description
As previously mentioned, there is no single national real estate exam or program of study to become a Real Estate Agent. In order to qualify to take your states real estate licensing exam, you will first have to complete a state-specific prelicensing education program. The specific course curriculum and number of hours required is determined by the real estate commission in your home state.
Once you have qualified to take the exam, you will then prepare for and take a state-administered real estate licensing exam. For most candidates, this exam will include a national portion as well as a state-specific portion. For both portions of the exam, you will be asked to show knowledge and proficiency in real estate policies, practices, terminology, responsibilities, and expectations.
In general, you should expect your real estate licensing exam to be around 100-150 multiple choice questions this includes about 60-80 state-specific questions, and about 80-100 questions related to generally universal real estate concepts. You will have between 2-4 hours to complete your exam. You should expect questions involving any or all of the following content areas:
- Real Property Characteristics
- Real Property Environmental Issues
Make sure to check your states specific real estate exam requirements to know exactly what you should expect.
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Read The Questions And Answers Thoroughly
While going through the exam, look at the questions and specifically the answers first. Dont react unless you are 100% sure you know an answer. Look for specific keywords and phrases you remember from studying. If you use a real estate practice exam to study, youll notice exactly what I am talking about.
Study A Little Bit Everyday
How to Pass The Real Estate Exam in 2021 (Guaranteed)
The reality is that most students of all ages and industries cram for tests, but there are many studies done over hundreds of years that prove the ineffectiveness of cramming. In fact, the spacing effect is the scientific term used to describe the opposite of cramming, which is studying something over time.
The spacing effect has been studied in different ways since 1885. Interestingly, a study by UCLA found that 90% of participants in multiple experiments scored better when they studied over time. However, during the experiment, 72% of participants mistakenly believed that cramming was more effective.
If you are truly seeking the best way to study for the real estate exam, take it from the research and make a goal to study a little bit every day. Even short study periods after each real estate class will ultimately be more impactful for your memory than an all-nighter before the exam. Its even better to set aside an hour or so each day to read materials or practice with your study tools.
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Why Practice Tests Work
Practice tests help your brain get ready for the testing environment. Its important to take practice tests that mimic the format, content, and difficulty of the real test. Otherwise, you might be in for a not-so-great surprise on test day. There’s a 10-question freebie here to get you started. You can also find lots more excellent practice material on the PrepAgent website.
Free Real Estate Practice Exams
- Dave Evangelisti
Test-Guide is supported by our users. We may earn a commission when you buy through some links on the site. Learn more.
Use our free Real Estate practice exams to pass the Real Estate License Exam – an assessment taken by candidates who wish to become a Real Estate Agent or Broker.
Real Estate Agents work to advise home buyers and sellers on market conditions, real estate prices, mortgages, and how to best present their homes in order to sell at the best price.
See our free sample tests for the latest actual real estate exam questions and answers.
Summary: Take a free real estate practice exam below and see how you do.
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Tips For Passing Your North Carolina Real Estate Exam
Passing your North Carolina real estate exam is the first, and probably the most nerve-wreaking, step to becoming a real estate broker. The requirements for obtaining a North Carolina real estate license are some of the most challenging in the country. You want to make the most of what you learn in your coursework so you can pass your exam.
Taking any test can be stressful, especially one that impacts your career. Here are five tips for passing your North Carolina real estate exam.
Stay Positive And Upbeat
Passing your real estate exam is a step towards starting a new career. It is a lot of work and that can seem like a big mountain to climb. However, focus on the big picture. This is a career that you are going to love. The more hands-on experience you have, the better your outcome will be.
Practicing for your real estate exam can be a very eye-opening experience. This is what youll soon be an expert in, helping others to achieve their goals of property ownership.
Love,
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FAQs
How do I pass the NJ real estate exam 2022? ›
Tips to help future agents pass the real estate exam.
Take practice tests. Review the questions you had difficulty with studying and know them. A good instructor may be able to point out the type of question that may be on the state exam.
Of all states, Colorado and Texas come on top as the hardest in terms of granting a real estate license. Each of the states requires some education and a test, which you must pass before being issued with a real estate license.
How many questions can you miss on the NC real estate exam? ›57 of the 80 National Section scored questions and 29 of the 40 State Section scored questions must be answered correctly to pass.
Is the NJ real estate exam hard? ›Despite what you may have heard, the NJ Real Estate Exam is more intimidating than difficult–in fact, it has a pass rate of approximately 70%, which means only 3 out of 10 people who take it will fail. On the first try, it still has a pass rate of roughly 60%.
How many times can I fail the NJ real estate exam? ›You are allowed three attempts to pass both the national and state law portions of the exam. If you do not both portions after three attempts, you must take 30 or 60 hours of additional education in order to retake the licensing exam.
How many times can you take the real estate exam in New Jersey? ›The answer is yes. You can retake the entire exam as many times as needed within 12 months.
What state do Realtors make the most money? ›Real estate agents in high cost of living cities such as New York and San Francisco tend to be the highest earners.
How can I pass the real estate exam? ›- Do as many practice real estate exam questions as you can. ...
- Start by only answering questions that are extremely easy. ...
- Look at the answers first. ...
- Do not choose an answer you have never heard of! ...
- Work backwards to the correct answer. ...
- Skip questions you don't know the answer to.
How many people pass the real estate exam the first time they take it? The pass rate has varied over time. However, candidates taking the exam generally have about a 50/50 chance (or less) of passing it.
What percentage of people pass the NC real estate exam? ›
How Hard is the North Carolina Real Estate Exam? The passing rate for the North Carolina Real Estate Provisional Broker Exam is 71%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously.
How many people pass the NC real estate exam? ›| Individuals Tested for the First Time | ||
|---|---|---|
| May 2022 | June 2021 through May 2022 | |
| # Tested | 547 | 7054 |
| % Pass both sections | 50% | 42% |
| % Pass National section | 76% | 74% |
If you failed the real estate exam 3 times, the state requires additional education. For each failed portion of the exam (national, state, or both), you will need to take an additional 30 hours of education.
Do Realtors make a lot of money? ›Becoming a real estate agent is one way you can earn a six-figure income, even if you don't have a college degree. However, many people earn less than six figures, and most even quit their work as a real estate agent before they earn their first commission.
What is the passing score for the NJ real estate exam? ›Applicants must receive a score of 70% or higher to successfully pass the state licensing examination. When taking the state examination, the applicant will be required to answer screening questions about their qualifications to receive a real estate license.
How much does the real estate exam cost in NJ? ›New Jersey Real Estate License Exam
Your pre-license education provider will provide your eligibility, electronically, to PSI upon successful completion of the course requirements. The fee to take the exam is $45 per attempt. The New Jersey Real Estate Exam consists of 110 questions.
The California Real Estate License Exam Process
After being approved, you can apply to take an exam in your area as soon as the next day. The exam takes just three hours. If you pass your exam on the first try, you can apply for your license and start working under your sponsoring broker.
- Leasing consultant.
- Real estate assistant.
- Title examiner.
- Real estate paralegal.
- Apartment manager.
- Property manager.
- Home inspector.
- Real estate marketing specialist.
NJ Real Estate Licensing Candidates can now take their State Examination remotely! Suppose you were thinking about getting your NJ Real Estate Broker License, or someone you know is seeking a career in real estate. Students can now take the course and exam online in a safe, secure, and convenient way.
How many questions is the NJ real estate exam? ›The 110 question test consists of 80 general real estate questions and 30 questions regarding NJ license law, the rules of the NJ Real Estate Commission, the law of agency and fair housing laws. The passing score for the state exam is 70% (77 correct answers out of the 110 questions).
Can you be a real estate agent in NY and NJ? ›
New Jersey does not offer reciprocity with New York; however, if you hold an active NY real estate salesperson's license, NJ may waive their pre-license course requirement, which means you only have to pass the NJ state licensing exam and apply for an NJ license.
› real-estate-exam-by-state ›New Jersey Real Estate License and Exam Info
New Jersey Real Estate Agent License Exam, NJ Real Estate Agent ...
Top 5 Reasons People Fail The Real Estate Exam
Applicants must receive a score of 70% or higher to successfully pass the state licensing examination. When taking the state examination, the applicant will be required to answer screening questions about their qualifications to receive a real estate license.
Can I take NJ real estate exam online? ›NJ Real Estate Licensing Candidates can now take their State Examination remotely! Suppose you were thinking about getting your NJ Real Estate Broker License, or someone you know is seeking a career in real estate. Students can now take the course and exam online in a safe, secure, and convenient way.
What is on the NJ real estate exam? ›The 110 question test consists of 80 general real estate questions and 30 questions regarding NJ license law, the rules of the NJ Real Estate Commission, the law of agency and fair housing laws. The passing score for the state exam is 70% (77 correct answers out of the 110 questions).
Is the New Jersey real estate exam multiple choice? ›All questions are multiple choice format with four answer choices provided for each question. Test takers are allotted 4 hours to complete each test. A score of at least 70% (77 correct out of 110) is required to pass.
Is the NJ real estate exam open book? ›Before registering for the New Jersey Salesperson exam you must first complete the education requirements. In New Jersey if you pass one part of the Real Estate Broker Exam you must retake both sections of the exam again. The New Jersey Real Estate Salesperson exams are taken by computer. The exam is closed book.
How many hours is the NJ real estate exam? ›Your pre-license education provider will provide your eligibility, electronically, to PSI upon successful completion of the course requirements. The fee to take the exam is $45 per attempt. The New Jersey Real Estate Exam consists of 110 questions. You will have 240 minutes (4 hours) to complete the entire exam.
How many questions is the NJ salesperson exam? ›The salesperson exam consists of 110 questions. To pass, you must answer correctly at least 77 questions, which represent 70% correct. The broker exam consists of 120 question. To pass, you must answer correctly at least 84 questions, which represent 70% correct.
How many times can you take the PSI real estate exam in NJ? ›How many times can I take the NJ state salesperson license exam? New Jersey does not specify a limit on salesperson license exam retakes. Any retakes must be taken with your one-year eligibility window.
How long does it take to get a real estate license in NJ? ›
To qualify for a broker's license an applicant must have a high school education or equivalency and must successfully complete 150 hours of prelicensure education. Applicants must first complete a 90-hour general real estate course, and then two 30-hour courses on Agency/Ethics and Office Management and related topics.
Is the NJ real estate exam proctored? ›There will be a live proctor watching you the entire time.
How much does a realtor make in NJ? ›What is the average salary for a real estate agent in New Jersey? The average salary for a real estate agent in New Jersey is $36,500 per year. Real estate agent salaries in New Jersey can vary between $16,500 to $115,000 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.
How much money do real estate agents make in NJ? ›As of Oct 26, 2022, the average annual pay for a Real Estate Agent in New Jersey is $84,959 a year.
What happens after you pass NJ real estate exam? ›After passing the examination, you must apply for a license through a sponsoring Employing Broker within 1 year from the expiration of the school certificate or you must again complete all requirements.
How can I pass the real estate exam? ›- Do as many practice real estate exam questions as you can. ...
- Start by only answering questions that are extremely easy. ...
- Look at the answers first. ...
- Do not choose an answer you have never heard of! ...
- Work backwards to the correct answer. ...
- Skip questions you don't know the answer to.
Allot ample study time, but also schedule the exam soon enough after your class to remember what your instructor taught. And use practice exams; they are invaluable.
How good is CompuCram? ›Even with the things we didn't like, CompuCram is one of the top real estate exam prep programs online. They have trademarks on some of their resources such as the readiness indicator which is a huge help to students. As stated above, we used the program and it actually works well.
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