The real estate exam covers state-specific topics on real estate and is a requirement before you get your real estate license. For you to pass this test, you should engage in thorough preparation. This is where the real estate prep guide comes in handy. It helps to take a prep course, complete some practice exams and gives learning pro tips and more importantly, this practice helps boost your confidence.
The preparation for the real estate exam can be a long and tedious process. However, the real estate exam guide offers study tools such as over a thousand practice questions, full glossary and flashcards all in an effort of making the process a little easier for you.
Tips to help you pass your real estate exam
The real estate exam covers national as well as state-specific laws on real estate. The national section of the exam includes the same areas across all states. You will have to be careful with the state exam portion as they are unique for each state. However, there are some similarities with topics such as real estate math and financing, basics of property ownership, agency law and contracts.
On the other hand, the national section of the exam covers general skill and any information that a real estate agent requires to practice such as property valuation and financing while the state portion of the exam deals with the state-specific laws that are related to real estate in that particular state.
Subjects covered on the guide
- Property ownership, land use regulations
It covers the characteristics as well as giving you information on how to describe the property.
- Agency Laws and Fiduciary Duties
It includes how to create and terminate the agency relationship and the responsibilities the agent owes to the seller and buyers.
- Financial analysis and property evaluation
The topic provides a basic calculator to help a real estate agent in estimating the home value.
- Transfer of property
Every agent should be able to handle a property transfer including drawing up the deeds, title insurance as well as the tax implications.
- Real estate Practice and Disclosure
Agents need to understand all the areas of real estate including advertising, ethics, fair housing, disclosure statements and property management.
How to choose a real estate prep guide
Real estate guides may vary in pricing based on the provider. Ideally, you want to shop around to find out which one matches your budgetary preference. But sometimes, it is worth it to spend an extra dollar and get value than save and get less value.
A good guide should be packed with value to help you get the most from your revision.
- Ease of Use
The guide should also be well formatted to allow for ease of use. Otherwise, it may even discourage you from revising.
Real estate prep guide is a study guide for all states. It’s not only designed to help you ace your exams but also prepare you to handle any hiccups that may come up in the course of your career.