Thursday, November 30, 2017

What To Do When You Fail The North Carolina Real Estate Exam in Asheville

     If you have recently failed the North Carolina real estate exam, you are in good company.  Forty six per cent of the real estate license applicants that took the North Carolina real estate exam last month failed. http://rondclimer.blogspot.com/2017/11/pass-fail-statistics-for-north-carolina.html

     Here is the part that I do not understand.  Why don't these applicants that fail the exam ask for help?  It costs $164 to take the exam for the second time.  There are 140 questions on  the North Carolina real estate exam in Asheville.  You have to answer 35 or more questions incorrectly in order to fail.  Do you suppose that, when you come back with your $164 re entry pass, you may see the same questions again? 
Read this if you might fail the North Carolina real estate exam

     That makes sense to me.  If that is true and it is true, may I suggest something that may help you pass the second time.  FYI it costs $164 the third time also.

     Before you leave your car in the parking lot of the exam site, put a legal pad or recorder on the seat of your car.  When you return with a failure notice in your hand, start writing down or recording questions that you saw but did not know the answer to.

     If you saw a question that said, "How many members are on the North Carolina Real Estate Commission?", you know that there are nine members so you do not need to write that down.  On the other hand, maybe you should write it down .  Check your notes and be certain that nine is the right answer. Also, you saw another question that said," How many members of the N.C.R.E.C. must be real estate brokers?".  You remember the question but you did not know the answer.  Do you want to go back to take the exam again at $164 per opportunity without knowing the answer to this question?  Would it make sense to write that question down?  Be certain that you know the answer when you go back.  That certainly makes sense to me.

     If I missed 35 questions on my exam, I believe that I would be able to remember most of the ones that I did not know.  Write them down before you leave the parking lot of the exam site.  Get the answers to those questions.  How can you get the answer?  I can think of several ways.  Call me.  I will tell you the answer.  Call your classmates.  I assume that you have the contact information of your classmates.  Call one of them and ask her, "How many members of the N.C.R.E.C. must be real estate brokers?".  "Why do you ask?"  your classmate replies.  "Oh. I was just curious."  you say.  You would not want to discuss the North Carolina real estate exam with someone that is taking it tomorrow.  Would you?

Some how, some way you need to get the answers to these questions.  Your next North Carolina real estate exam will be very similar to your last one.  Before you leave the parking lot of the real estate  test center, take your text book.  Thumb through the table of contents and remind yourself:
There was a question about joint tenancy   
Itt is hard to overstudy for the North Carolina real estate exam

There was a question about TRID
There was a question about CFPB
There was a question about dual agency
There was a question about adjusted basis
There was a question about matched pair analysis

Get the answers to these questions before you go back.

     Who seemed to be the smartest student in your class?  I would surely want to have that person's phone number.  I would call that person and ask him,"What do we call that metal stuff that wraps around the chimney?". ( If you know the answer to this one, please leave it in the comments. )

     If there were real estate math questions on the test that you did not know how to do, I have them posted on You Tube.  https://www.youtube.com/watch?v=k6P5FEpnxt0 

     If you need help with amortization of a mortgage , here it is   https://www.youtube.com/watch?v=k6P5FEpnxt0
     If you need help with determining value of real estate with income approach, here it is https://www.youtube.com/watch?v=wb_E8ZA7k6A 
If you need help with cash flow analysis of an apartment building, here it is https://www.youtube.com/watch?v=bMdJ-2iHepM&t=64s
If you need help with comparable market analysis, here it is   https://www.youtube.com/watch?v=y4b78lDQtfE&t=14s
     If you need help determining the seller's net at closing, here it is https://www.youtube.com/watch?v=cuHYf3DYhIU


     There is no math on the North Carolina real estate exam in Asheville that I do not have on You Tube.  It is free.  It is easy. Watch it .  The math is ten percent of the exam.  Before you go back with your $164 re entry ticket, take my practice exam at www.ncreexam.com   .  I have one for the general exam and I have one for the North Carolina only exam.

    If there is anything that we can do to help you get a North Carolina real estate license , contact me at www.firstrealestateschool.com   or 828 440 1064.

   

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