You must pass the real estate exam before you can start working as a real estate agent. This professional exam is the first significant step in obtaining your real estate license, and it demonstrates that you understand your career, the real estate industry, and how to work with clients. Are you interested in learning more about the real estate exam and becoming a real estate agent? This guide will show you all you need to know concerning the real estate exam or online PSI, some practical questions that might be asked, and some prep tips to help you pass the exam whether you are in Florida, Texas, or California.
What is on the Real Estate License Exam?
Because the real estate license exam is state-specific, the number of questions, time limitations, and subjects vary. Most states cover similar themes, however, you should always consult your state’s licensing organization for a description of your state’s test. Many websites offer real estate licensing exam content outlines.
Real Estate Exam Format
The real estate license exam is almost always a computer-based, proctored exam administered at an independent testing facility. You will be given a time limit to answer the multiple-choice questions, which is normally between three and five hours. Each question will have four possibilities, and you must select the right answer on your computer screen at your testing center. The majority of state real estate exams have between 100 and 150 questions.
Real Estate Exam Questions and Subjects
One of the greatest methods to prepare for the real estate license exam is to become acquainted with the kind of questions that will appear on the exam. Here are some fundamental questions about the real estate license exam. Remember that taking an exam prep course that contains sample questions and practice tests is an excellent approach to preparing for the exam.
#1. Real Estate Job Responsibilities Questions
Many of the real estate licensing exam questions are closely relevant to the day-to-day activities of a certified real estate agent. You must be familiar with typical real estate terminology, contract structure, and legal requirements for real estate brokers. Concepts that are frequently tested include:
- Escrow funds
- Earnest money deposits
- Land and property descriptions
- Listing best practices
- Property appraisals
- Agent and Agency relationship
- Loan, insurance, and closing costs
#2. Real Estate Law Questions
Questions about the laws and regulations that real estate brokers must follow in their state, as well as the licensing process, will be included in each state. State contract law, disclosure rules for buyers and sellers, and fair housing acts are all common laws that apply to real estate agents. You should also be aware of the licensing process and criteria in your state.
#3. Real Estate Math Questions
Many of the questions on the real estate exam use scenario-based content to evaluate your understanding of real estate topics and regulations. Basic real estate math is required of all real estate agents. This is a vital ability for a real estate agent to have because you will be making financial suggestions to clients based on your real estate market analysis.
Real estate practice tests and questions are an excellent approach to becoming acquainted with the type of arithmetic that will appear on the real estate exam and that you will utilize as a real estate agent. An exam prep course can also include a plethora of study problems, as well as extensive explanations and formulae to assist you in mastering real estate math.
How Much is the Real Estate Exam?
You must pay for the exam and the state application while obtaining your real estate license. The cost of the real estate test varies by state and ranges from $35 to $130. Before taking the real estate exam, you must pay the exam cost.
The exam costs between $35 and $130 per attempt, depending on the state you want to earn your license. Based on the “per-attempt” cost, you should devote your full attention to your studies and do your best to pass on your first try.
In addition to the exam fee, you will need to pay an application fee to obtain your license. Depending on the state, this might range from $125 to $400.
How to Study for the Real Estate License Exam
Obtaining the knowledge required to pass the real estate exam necessitates study and preparation. The compulsory state pre-licensing education classes cover a large portion of the real estate exam subject and serve as the first step in preparing for the real estate license exam.
Real Estate Exam Classes
You must be at least 18 years old to take the real estate exam. Some states require college-level education, while others accept real estate courses from a pre-approved recognized learning school.
Each state determines the required real estate class subjects, but most expect exam takers to cover similar material. Most states require 45 to 180 hours in each of the following subjects:
- Real Estate Principles
- Real Estate Practices
- Real Estate Elective Courses (Real Estate Finance, Legal, Property Management, or others)
A real estate education institution’s licensing program will typically cover all of the classes required by your state to take the real estate exam and obtain your license.
California Real Estate Practice Exam Questions
Take these free practice exam questions to get an idea of what is on the California Real Estate Salesperson exam administered by the California Department of Real Estate (CalDRE). The actual real estate California exam has 150 questions and 3 hours and 15 minutes are given to complete it. See how many answers you can get right in this sampling of California real estate exam questions:
#1. The state fiscal year falls between the dates
- June 30 to July 1.
- January 1 to December 31.
- December 31 to January 1, midnight.
- July 1 to June 30, midnight.
#2. An agent may collect a commission for a negotiated sale after the term of the listing contract expired if
- there is an alienation clause.
- the contract contains a protection period clause.
- the agent sues the principal for liquidated damages.
- the agent signs a release clause.
#3. All of these people can sue for specific performance EXCEPT
- the purchaser of a residential property.
- an attorney-in-fact acting for the principal.
- the seller of a large tract of land.
- a broker acting as the agent for the principal.
#4. The date of priority of a mechanic’s lien on any construction project is the date of
- acceptance by the owner.
- commencement of construction.
- occupation by owner.
- completion of construction.
#5. A licensee put a blind ad in a local newspaper. A blind ad does NOT
- identify the advertiser as an agent.
- give the address of the licensee.
- disclose the selling price.
- give the address of the property.
Texas Real Estate Practice Exam Questions
There are a total of 125 questions for the entire Texas real estate exam. The national portion has 85 questions, and the state portion has 40 real estate exam questions in Texas. To pass the exam, you’ll need to answer at least 56 questions correctly on the national portion and at least 21 questions correctly on the state portion. See how many answers you can get right in this sampling of Texas real estate exam questions:
#1. In order for a tenant to claim relief for constructive eviction
- the landlord must have intentionally withheld required repairs or maintenance
- any defects must be deemed to present a health hazard to the tenants
- the tenant must prove continuous residence on the premises
- the defect must be related to either heating or water systems
#2. A buyer purchases a furnished condominium apartment as an investment. The document that evidences the buyer’s ownership of the furniture is a:
- special warranty deed
- homeowner’s insurance policy
- bill of sale
- buyer’s inventory
#3. A broker who enters into a property management contract is considered a:
- fiduciary
- principal
- trustee
- trustor
#4. A buyer’s interest in real property, acquired at the moment the seller and the buyer enter into a sales contract, is known as:
- legal title
- equitable interest
- fee simple determinable
- an option to purchase
#5. The appropriate time for a selling broker to explain the agency relationship to a prospective buyer is:
- at their initial meeting
- after the buyer has viewed a number of properties
- when the buyer is prepared to sign a purchase agreement
- at closing
Florida Real Estate Practice Exam Questions
There are 100 questions total on the Florida real estate license exam covering a wide range of topics. The Florida real estate sales associate exam covers a lot of information over 19 topics and you’ll have 3.5 hours to complete the Florida real estate sales associate exam questions. See how many answers you can get right in this sampling of Florida real estate exam questions:
#1. A sales associate needs to direct their client to a few sources of third-party financing. You tell the sales associate to look into:
- commercial banks, savings associations, and credit unions
- brokerages with large amounts of reserve capital
- high-income commercial properties
- local appraisers who have worked with your brokerage in the past
#2. Marco manages a mobile home park three miles from the beach. There are 15 homes in the park. Marco needs to make sure he has:
- a broker’s license
- a CAM license
- hazard insurance
- worker’s compensation insurance
#3. A sales associate specializes in commercial sales. They should have expert knowledge of:
- governmental regulations affecting farms
- industrial subdivisions
- schools in the area
- increasing cash flow
#4. Emma is a developer. She builds 65 homes on the tract of land she is developing. Only 15 of them have ready and waiting buyers. The other homes are:
- custom homes
- originated homes
- speculative homes
- absentee homes
#5. Target marketing involves agents utilizing a farm area. Analyze which of the following describes an agent utilizing a farm area:
- Jose looks for a large piece of rural land to sell to an agricultural investor.
- Ashanti looks for clients throughout her city. She hopes to get a few from each side of town.
- Gretta focuses on the south side of town where there are a lot of apartment buildings and condos.
- Marcel decides not to advertise his services but focuses on follow-ups and referrals, instead.
How Many Questions Are on the Real Estate Exam?
The number of questions on the real estate exam is determined by the state in which you take the exam, which can be Florida, Texas, California, or any of a number of other states. Typically, the exam contains 80-100 national questions and 30-50 state-specific questions, but each state is distinct. Depending on your state, you’ll need a score of 60-75% or above.
How Many Questions Can I Miss on the Real Estate?
To pass, you must properly answer at least 56 questions on the national component and at least 30 questions on the state portion. To pass the total exam, you must pass both the national and state components.
How Many Questions Are on the Nys Real Estate Exam?
The written New York State Real Estate License Exam consists of 75 multiple-choice questions based on the 77-hour pre-licensing coursework.
How Many Questions Are on the Arizona Real Estate Exam?
There are 180 questions in all. The pretest questions are not identified and have no bearing on a candidate’s score.
Is the Tennessee Real Estate Exam Hard?
While the majority of students pass their real estate exam, it is not guaranteed. In Tennessee, approximately 30% of students must retake the exam in order to pass. Working hard and preparing as much as possible is the greatest method to calm your anxieties and pass the test.
What Percentage of People Fail in Real Estate?
It is easier said than done to be a successful real estate agent. There’s a reason why 87% of real estate agents fail. However, understanding the mistakes that these realtors make, such as neglecting to follow up with clients or failing to have appropriate cash, can help you plan for and create a successful real estate business.
What States Have the Hardest Real Estate Exams?
Colorado and Texas are the most difficult states to obtain a real estate license in. Each state has its own requirements for schooling and testing before issuing a real estate license.
How Many Math Questions Are on the Real Estate?
While specifics vary by jurisdiction, you may expect between 150 and 200 multiple-choice questions on the real estate exam. Approximately 10-15% of those involve math, resulting in between 15 and 30 problems per exam.
What Is the Pass Rate for the SC Real Estate Exam?
The South Carolina Real Estate Salesperson Exam has a 70% pass rate. This test is designed to be difficult, but not impossible.
Conclusion
Passing the real estate license exam is a significant step toward launching a career as a real estate agent. Knowing the exam style, questions, and best preparation methods will have you a licensed real estate agent in no time. Now is the time to study for the real estate exam!
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