Many students that come to First Real Estate School in Hendersonville, North Carolina have not been in a classroom for years. They have not taken a class lately. Many students tell me,”I am not a good test taker.”.
If this describes you, here is a little information that will improve your test taking ability.
One of the first things that students have to learn about tests is that you never have to “prove” anything on the test. If the test question says,”Mr. Seller told his real estate agent that the roof was leaking.” that is what happened. In class, a student will always raise their hand and ask,”How do we know the seller told him? How can we prove it?”. This is not a jury trial in a court of law. It is a test question. It tells us in the question that the seller told the real estate agent that the roof was leaking. He told him. This is a basic premise that many students have a hard time grasping. If the question tells you things are a certain way, that is the way things are. You don’t have to prove it. We know the seller told the real estate agent because it says so in the question.
Here is another tidbit of test taking knowledge that you need for the North Carolina real estate exam. This is from page 19 of the North Carolina Real Estate Commission’s brochure,”Real Estate Licensing in North Carolina” If you have not read this FREE brochure, you are not ready to spend $64 to take the North Carolina real estate exam. On page 19 the North Carolina Real Estate Commission tells us that thirty per cent of the questions on the North Carolina real estate exam require recall from the test candidate. Sixty per cent require application of knowledge. Ten per cent require analysis.
Recall. That means 30% of the questions might be something like, “How many acres in a section?”. You either have the answer memorized or you don’t.
Application of knowledge means that you have to know something but you also have to be able to apply that knowledge to a scenario. The exam question says,” In a real estate contract negotiation,is notifying the buyer’s agent is the same as notifying the buyer?”. You, not only, have to know but you have to remember the different relationships that a real estate broker might have with a buyer. Often the question will spin a story about how things happen complete with a bunch of irrelevant information. Sixty per cent of the exam is application of knowledge. Through the years, I have had many students tell me that my stories and tales made more sense in the test room than in the classroom. All of a sudden the story about little Billy and the lawn mower started to make more sense.
This North Carolina real estate exam is no picnic. Understanding the format of the questions is a big help. All the questions are multiple choice.
One question format that you will see on the North Carolina real estate exam is “Which of the following is NOT true?”. This is also expressed as,”All of the following are true EXCEPT”. This basically turns a multiple choice test question into four true false questions.
A question may say something like “Which of the following is true?”
A. All houses are encumbered by a mortgage.
B. Some houses are encumbered by a mortgage.
C. No houses are encumbered by a mortgage.
D. Only owner occupied houses are encumbered by a mortgage.
On the North Carolina real estate exam, you can not write on the computer screen. Go to your scrap paper and write down A B C D. Write them down vertically.
Read choice A. Is it true? No, it is not true. Write a F (for false) next to A. Read choice B. Is it true? Yes, it is. Write a T (for true) next to choice B. Read choice C. Is it true? No it is not true. Write a F next to C. Read choice D. Is it true? No , it is not. Write a F next to choice D.
As you look back at the three Fs and the one T, the answer is obvious.
Definitions make great test questions. The exam writer takes a definition, like the definition of a comparative market analysis, and turns it into a question. Such as: “A Realtor would compare several similar recent home sales in the same neighborhood to a house she is attempting to list to give the owner a probable price range for a suggested list price. This is known as a ……..”
B. residential appraisal
C. comparative market analysis
D. estimate of value
Why is the answer NOT A or B ? An appraisal, done by a licensed North Carolina appraiser does not give a “range”. An appraisal gives a specific value. Realtors determine price. Appraisers determine value.
It is easy for test writers to change one key word and change the answer. This is why practice exams are such wonderful study aids. Here is a practice exam that I put together to help you.
The pass rate for the North Carolina real estate exam is barely over fifty per cent . Do not underestimate this test. You have to pass to get your North Carolina real estate license. Study diligently . Come to First Real Estate School in Hendersonville if you can. Also, check out our video review at http://northcarolinareview.onlinereschool.com.
Let us know what we can do to help you pass the North Carolina real estate exam.