Going by the statistics, the real estate exam in the US only has a pass rate of 47%. So, it isn’t easy to become a licensed real estate broker. However, if you want to be part of that percentage, you need to focus on real estate exam prep. Here we share few tips that can help you while you prep for your exam –
1. Review Exam Questions
First, take a few minutes to review what is actually going to be on the exam. Having a basic understanding of what will be on the exam can help to calm a lot of anxiety.
The state will actually publish a breakdown of topics that they’ll test you on. Find a study guide that is tailored to your particular test. There should be plenty of them online.
2. Call a Friend
If you’re studying to be an agent in NY, try calling other real estate agents for advice on the exam. They may be able to tell you what areas to focus on and what parts are especially challenging.
Or, if you know someone who is also studying, see if you can set up a study group. That way, you can cover more ground and study more information. It’s also a great way to have someone quiz you to test if you’re actually ready.
It can also help to hold you more accountable.
3. Make a Study Schedule
Once you’ve figured out what you’re going to be studying, set up a schedule to study. This will ensure that you have time set aside to focus.
For example, you may want to study on alternate days of the week to give yourself a break in between each day.
This will be a commitment to studying, and without it, you might feel like you’re studying all the time or not at all. For it to be effective, clear your schedule and ensure that you have no distractions.
If you want to plan even more, map out what you’re going to study on what date. This way, you’re making sure that you have plenty of time for each material and you’ll be prepared for the test.
4. Learn How to Take the Tests
While learning the material is important, you’ll need to know how to take the real estate agent exam as well.
Most people take this test after college or high school, so they may not have much experience taking high-pressure tests recently.
For strategies to follow, read every word in the question slowly. If you scan over it quickly, you’ll miss words like “if” or “all” and those words can change your answer.
Make sure you breathe. You might feel overwhelmed and anxious, but breathing can calm your heart rate and help you think more clearly.
Try and get some good sleep the week before your exam. Don’t binge study the night before, because this will limit your ability to think and analyze during the test.
When you’re taking the test, if you don’t know the answer right away, just skip it. You can always come back to it later because you don’t want to spend too much time on one question.
5. Take Practice Exams
If you’re still struggling with tests, take some practice exams first. Try and find one that is state-specific and most like the one that you’re going to be taking.
There are many practice tests out there, so you just need to look for them.
This will help you figure out where you should focus on your studies more. Try and space out how many times you take them so that you can have study time to improve your score in between.
6. Use Acronyms
If you’re having trouble remembering some of the information, try using acronyms. Using that and mnemonics can make remembering a lot of information easy.
When you have a short word or phrase that will remind you of the answer, you can store the info in your brain without feeling burnt out.
Plus, on the real estate exam, there will be a lot of acronyms that will test you. For example, you’ll have to know MARIA. This is for method, adaptability, relationship, intention, agreement. This acronym can help you figure out whether it’s personal or real property.
Come up with other acronyms that will help you remember key terms on the test.
7. Don’t Overstudy
If you overstudy, you’ll end up getting burnt out. It can be tempting to think that you can cram as much information as possible into your brain, but you should only study for about two hours at a time.
If you study for longer than that, you’re more likely to get frustrated and tired earlier. After you hit that point, you’re not absorbing any information that you’re going to be reading.
And when you do too much, you’ll burn out. And when you burn out, you won’t ever feel like studying, which can hurt your ability to take the test in the long run.
You should have shorter study sessions to make sure that you can digest and actually absorb the information you’re reading and studying.
Discover More Ways to Do Real Estate Exam Prep
These are only a few ways to do real estate exam prep, but there are many more tips you can try.
We know that studying for any exam can be difficult and challenging, but we’re here to help you out.
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