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Real Estate Exam Tips and Tricks
When practiced enough, a habit becomes a discipline that helps you to accomplish a goal. In the four years I have been instructing, proctoring and testing potential licensee’s, I have noticed a few disciplines that need to be developed for future agents to pass their tests:
The PSI and your course Exam cover a vast amount of real estate knowledge; therefore, taking practice exams, studying the answers that you get wrong, and understanding important key real estate terms will be your keys to success.
When taking the test, it is important to answer all the questions, even if you are not sure of the correct answer. Often at least two answers given are clearly wrong. Of the remaining two, both might appear correct, in which case you should choose the answer that you feel is best. If you cannot decide which one is better, take your best guess, you will probably have a 50-50 chance of being correct.
Take the time to read each question carefully. It is very easy to interpret a question in a way that you expect, rather than the was the question is stated. This is especially true for questions that are stated in the negative (“it is not true that…”, “which of the following is false”). Other keywords that can significantly alter the meaning of a question are “EXCEPT,” “BUT” and “IF” or an answer option like “A AND B”.
If math is your most problematic area, there are a number of options to make testing easier. First, consider saving the math questions to the end and coming back to them when you have completed the rest of the exam. This will keep you from becoming frustrated and will likely give you more time to figure out the correct answers. Second, try to estimate the correct answer to math questions before you begin your calculations. If you find that your estimate is far different than the result of your calculation, carefully go back and check your calculation. Third, be aware that the possible answers presented for math questions usually contain answers that examinees can arrive at by making some common error. Just because the result of your calculation exactly matches one of the possible answers does not necessarily mean that your result is correct.
Finally, if you complete the exam early, take the remaining time to read over as many of the questions as you can. It’s possible that you made several “foolish” errors; errors made not from misunderstanding the material, but from misunderstanding or misreading the question. Don’t let “foolish” errors spoil the result of your official exam!
Good luck! And may you have a long and rewarding career as a real estate agent.