Being a real estate professional can be very rewarding. While the financial remuneration is handsome if you are truly good and immersed at what you do, all the house tours, market studies, and networking can also be great recipes for career growth and expansion.
Real estate brokers play a fundamental role in guiding the people who are making one of the biggest investments in their lives. It is only rational that they are held to a high standard, and becoming a part of the profession demands some prerequisites.
Applying for the position of a real estate broker means one is expected to have the amplitude to deal with huge sums of money and property taxes. The clients are also sure to look out for you to carry out your businesses with ethical and responsible behavior.
The Florida Real Estate Commission (FREC) is responsible for the buying, selling, and leasing of all properties in Florida. The also administer the The Florida Real Estate Sales Associate exam and the broker exams that both consist of 100 multiple-choice questions. Basically, all the difference between being a real estate superstar in Florida or a costly change of plans.
Florida Real Estate Exam Tips
The sales associate exam includes 45 questions based on real estate principles and practices.
The other 45 questions cover the Florida and Federal government laws, and the remaining ten questions are designed to test your arithmetical intelligence.
The broker exam, on the other hand, covers Florida real estate principles and laws.
This exam contains questions covering brokerage management and real estate investment. It also contains questions on the Closing Disclosure form and more items.
The sales associate exam and the broker exam, both, require a score of 75 to pass.
According to the state law, the applicant must be above 18 years of age. The applicant must possess relevant documentation such as a driver’s license, National Identification Card or passport.
Furthermore, the applicant must also have passed high school or obtained relevant GED (General Education Development) equivalent.
Daunting? No worries, here are five tips that will help you pass your Florida real estate exam:
When preparing for the exam, make sure you take the following steps:
- Don’t lose your real estate exam registration documents.
- Put your paperwork in front of you in a visible place.
- Make sure you have a calculator that is functional, allowed in the exam and easy to use.
- Refuel a day before the exam. The last thing you would want is an empty tank on the day of the exam.
- If you are unaware of the site, visit the locality once, so it’ll be easier to find on the actual day of the exam.
- Make sure you get a good night’s sleep the night before. There’s no substituting a healthy and focused mind.
- Make sure you don’t come in hungry. A hungry stomach leads to lack of focus and concentration.
First, go through the entire exam and only answer the items that you find easy.
You can come back to the difficult topics once you answer the easy ones first.
When you take the test, try not to choose an answer which you have never heard of before.
Eliminate the wrong answers and work backward to the right answer. You may be able to eliminate only one or two of the options. Even if that is the case, you’ve raised your odds, and that’s a big improvement.
Trust Yourself. Once you’ve answered a test question, don’t change your answer. Even if you are unsure of the answer, stand by your selection.
Statistics show that you are much more likely to change an answer from correct to incorrect instead of the other way round. Unless you are adamant that you have marked the wrong answer, resist the temptation to switch.
Don’t be afraid to select the same option several times in a row.
Don’t Waste Time
Do not waste your time over a single question. You can’t afford to let a question beat you down.
If you have spent too much time and energy working on the same question, it may affect your mental alertness and ability to concentrate. That might cause you to miss other questions in a rush at the end which can adversely affect grades.
If you run out of time and energy by the time you get to the end of the test, take a lucky guess instead leaving a question out.
Let Go of the Wrong Ones
There will be questions you’re sure you answered correctly. On the other hand, there will be others you’re not so sure of.
When the stakes are so high, it’s easy to get depressed about the ones you get wrong. However, the best way to handle this is to treat every real estate test question as if it were the only question on the exam.
Don’t keep fretting about question number 10 when you’re answering number 30. You don’t need to have a perfect score to pass.
Keep a Fact-Sheet
Keep a fact sheet with details that you have trouble remembering for a period of time.
For instance, if you can’t remember the number of feet in a mile, write it down on your fact sheet. Organize all such data and information you tend to forget on this fact sheet.
Study your fact sheet right before you enter the exam room so the information will be fresh in your mind.
Passing the real estate exam is no easy task, but I guarantee you that all the hard work is going to be worth it. Just don’t forget that even before you worry about the actual exam, you must first take a good look at the options you have for pre-license training. Your journey begins there, and there’s no better way to go about it than signing up with a provider that’s paved the way for many successful real estate brokers and entrepreneurs. Check out 360training.com’s real estate pre-license courses today to learn more.