Wednesday, March 14, 2018

If I Fail The North Carolina Real Estate Exam, Is It My Instructor's Fault

     One of my pre license real estate students called me today to tell me that he had failed the state portion of the North Carolina real estate exam for the fourth time.  It costs $164 every time that you take that exam.

     I asked him, "What was the first thing you did  after leaving the exam site with a failure notice in your hand?".  " I don't remember.", he replied.  " What did I recommend that you do before you crank up your car if you leave the exam with a failure notice ?", I asked.  He told me," I can not remember you telling us anything to do.".

     Anyone that has sat in my real estate classroom for seventy five hours has been told what to do when you fail the North Carolina real estate exam. Anyone that can not remember this probably was not listening in class.  Do not sit in class and not listen.  You have taken time away from your family to attend class.  Listen and take notes. 
Pass your North Carolina real estate exam the first time.


     What does Ron climer want you to do when you fail the North Carolina real estate exam?  What does Ron Climer want you to do if you fail before you start your car in the parking lot of the test center?   Ron Climer wants you to leave a recorder or writing pad on the seat of the car before you go in the test center.  If you come out with a failure notice in your hand, start talking to that recorder or writing down every question that you saw that you did not know the answer to.

     Tell yourself what you did not know.  You don't have to remember the whole question.  Just write down," What is the Machinery Act?".  "When can we close without using a TRID closing statement?" , " What does T.R.I.D. stand for?"  "How many members of the N.C.R.E.C. must be real estate brokers?"   If you can not remember, at least, half of the questions that were on your real estate test ten minutes later, no wonder you are having problems.

     When you go back to take the real estate exam again at $164 per chance, you better know the answer to the ones that you did not know the answer to last time.  You will see them again.  Here is a tip.  http://rondclimer.blogspot.com/2017/12/what-about-those-trick-questions-on.html   Read this article.

     Have you read the "Comments"?   Have you read the "Comments"?  Have you read the "Comments"?  I hope you know what the "Comments" are.  In the ninth edition of Dearborn's textbook, "Modern Real Estate Practice in North Carolina"  the "Comments" are on page 614 through 637.  It is Appendix A.  It is practically an outline of the real estate exam.  If you want to know what is on the state portion of the test, read the "Comments".  Here is  a video to watch if you want more detail.  https://www.youtube.com/watch?v=EZFPZGo_DJ4 

     If you fail the North Carolina real estate exam, do not blame your instructor.  Do not blame the N.C.R.E.C.   Do not blame the AMP.  Even if it is your instructor's fault or the N,C.R.E.C. 's fault or AMP;s fault, who is effected most by your failure?   You are.  You are the one that has to pay $164 to take the test again. You are the one that has to keep studying.  You are the one that has to delay your career change until you solve this problem.

     Turn off the T.V.   Sell your Playstation.  Study like you want to make 100% on the exam.  Forget about barely passing.  Study like you want to make a 100% so you can see your picture on the front of the North Carolina Real Estate Commission's "Bulletin".

     If you want to pass, do what your instructor suggests.  Do most students do this?

     When computerized testing was new, I was teaching real estate classes in Florida.  I started telling my students that if they would bring a small box of chocolates to give to the test monitor and ask the monitor to give them the "easy" test , the monitor would give them the "easy" test.

     I am not sure if this is true in North Carolina.  I know this.  When someone calls me and tells me that they failed, my first question is," Did you take the chocolates?".  The answer is always no.  Spend three bucks and take the chocolates. 

     If you think you are ready for the North Carolina real estate exam, take my practice test at www.ncreexam.com   .   Take my practice exam over and over until you are making a 98%.   Watch the videos that explain the answers.

     If you can not amortize a mortgage, if you can not compute % of profit, if you can not compute square feet of a house with a bay window, if you can not compute a seller's proceeds at closing, if you can not compute how much a buyer brings to closing, if you can not determine value of a income producing property given appropriate capitalization rate and NOI , If you can not pro rate taxes and HOA fees, if you can not compute excise taxes, you need to watch my free You Tube videos that show you how to do the math that is on the North Carolina real estate exam.  You can't just hope that you won't get a question asking you to compute the interest rate when given the time and principal and interest paid of a loan.  It cost $164 to take the test again.  Here is a link to one of thirty videos that I posted  just to help you pass the first time.   https://www.youtube.com/watch?v=T3TtXSnMx9s 

     Between now and your exam date, if you get the urge to relax and watch TV, watch one of these thirty videos instead.  Invite a couple of your classmates over to watch with you.  Stay in touch with your classmates.

     One last thing!   Go to the bank and get eight twenty dollar bills and four ones.  Tell your family that if you pass the exam the first time like 57% of the people do, we are taking this $164 out to dinner.  Here is a link to last month's pass fail statistics.  http://rondclimer.blogspot.com/2018/01/pass-fail-ratio-for-north-carolina-real.html 

     Get your family's support.  Let them know that this is not easy.  One hundred and sixty four dollars is a lot of money at my house.  Do not underestimate the North Carolina real estate exam.  Please do not take any comfort in that barely  passing grade that you got at real estate school.

     If you are anywhere near Hendersonville and you want to get a real estate license, contact First Real Estate School at www.firstrealestateschool.com or 828 440 1064.
   

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