Header Ads

I Passed The Real Estate Exam (Part 2)



Yo. I just passed the rEaL EsTaTe eXaM. It was easy AB AF tbh but that's not really important. What is important is the amount competition that I saw in the number of real estate test takers that came in to take the test. There was 140+ in the room all vying to pass the test and compete for listings afterwards.



The curious thing I noticed in the past few months was the amount of "salespersons wanted" signs in nearly all of the real estate brokerages in the city. There is a lot of demand for agents, and a lot of sales persons are constantly being pooped out by the city after they pass the test. In today's economy, with growing inventory, there is a lot of competition overall.

I don't give a f_ TBH AB AF! If you've read my ultra exclusive blog (😏), you'll know that I only focus on the day to day objectives moving forward to hack my brain and my body. Focusing on only the negatives is truly a way to limit one's beliefs and create bottlenecks - Truly a time waster. Instead of wasting energy on thinking about how much money or time I might lose, I'm only focused on taking baby steps and compounding my experience (exp); To reach my potentials (final stage 👀).

Anyways, if you were curious about what the real estate test from the state was like, let me give you a few tips and tricks without going against the law. In my experience, the test was tricky but not difficult so long as you try and study the minutia of each section. The only way I can mirror a close-to-exact feeling for what the test is like is to tell you my exact roadmap.

I took my qualifying course from OnCourseLearning, and from the drop-down, picked the state as New York > Real Estate > New License. So automatically OnCourse shills you their package deals, but personally I wanted to save some money so I chose individual courses.



The package deals include test taking prep materials for when you finally take the Real Estate exam for your state. The silver solution mainly just adds in extra math help if you are not good at math.  I'm just a god at math so I chose the individual plan for $139 as shown below.

In my own experience, I spent hours before I pulled the trigger between several online course options and chose OnCourse because they had a good online platform and at a good price for individual plans. The competitor I was looking into was a company called Real Estate Express. The course package they offered was pricier, and OnCourse seemed to have more value.



OnCourse gives you 6 months from purchase to complete the entire course and pass the qualifying test before your state exam. To give you a an idea of how long it took me to complete the course, and study it before passing the state exam:

I purchased the course on March 29 and completed the entire course including review for the final exam by May 15. I passed the qualifying exam on May 25 with a 91%, and then scheduled my first test for all the marbles on June 4. I missed taking the test by 10 minutes due to tardiness (shut up), and then aced the second test 2 weeks later on June 17. This course and a free website called Quizlet I found online here helped me prepare for the test.

I went through all of the reviews on the platform and then brushed up on areas that were important and which I forgot. On this platform, you are able to go back to all of the sections and retake all of the multiple choice questions they offer you. If you are really bad at taking tests or are bad at math, you might want to opt in for the package deals, but if you are like me with average IQ, then you should totally be fine saving money on the $139 individual course. Believe in yourself and save some money you damn ingrate!

To give you even more context, I reviewed all of the material (just the review sections) at least 3 to 5 times. There will always be something that you forget because there are so many little nuances in real estate. But if you are confident in 80% of the material (or get at least 80% of all the review sections mutually exclusively) you are most likely going to pass the test..

Updates* 
More tips:
  • Expect each test to be different than the others on different dates
  • The questions can be from different sections and less on the others
  • Since there are only 75 questions, you need 52 answers correct to pass (for New York)
  • Potentially expect the easiest questions to be at the front and then progressively harder ones later
  • There are only a few tricky questions; the rest are straightforward but can be nuanced (i.e. how many years can you depreciate a residential home using the straight line depreciation method?)

My next step: finding the right broker to work for.


Read

Part 1: Conquering New York Real Estate
News: The State of Real Estate Market


Social

🌲 


Comment below if you have any questions.

If you want to read my personal development life hacks and thoughts sign up to my ultra exclusive newsletter
Dividend Hacks Browse securely and protect yourself Image Map

No comments