Monday, March 18, 2019

Pass Fail Statistics for The North Carolina Real Estate Exam for February 2019

     In February of 2019, four hundred and two real estate license applicants  took the North Carolina real estate exam for the first time.  All of these real estate license applicants passed a seventy five hour  real estate course at an accredited real estate school in North Carolina.  Two hundred and twelve of these applicants passed.  The rest of them will be back at the PSI test center, paying $164 to take the exam again.  That is a 52% pass rate.  If you are an pessimist, that is a 48% failure rate.

     This North Carolina real estate exam is not easy.  It is not inexpensive.  It cost $164 every time you take it.  Overstudying seems like a good idea.

     How do the repeat test takers do? In February, two hundred and two repeat test takers took the North Carolina real estate exam for the second or third or fourth time.  Thirty five exam candidates passed.   They all paid $164 every time they took the North Carolina real estate exam.  That is a 17% pass rate.  This test is not easy.
The North Carolina real estate test is not easy

     It would appear that the repeat exam candidates would do better.  They have already seen the test.  They know how hard it is.  They know that the answers look very similar.  It seems that they would fare better.  This is not true.  What is true is that the applicants that failed underestimated the North Carolina real estate exam.  They think they are ready.

     They think they are ready even though they have not done any practice tests like the one in the back of their real estate textbook or the free practice test that I have posted at  This is free.  This is easy.  This will give any applicant a warning if they need one.  Plenty of applicants go take the exam at $164 per opportunity without taking this FREE practice exam.  Why?  It is a mystery to me.  I have another practice exam at .  You should be making a 95% on my practice exam before you spend $164 to practice at the PSI test center.  Does that seem right to you?  Answer ALL the questions at the end of the chapters in your real estate textbook.

     There is no mystery about what is on the North Carolina real estate exam.  The North Carolina Real Estate Commission publishes a forty page booklet that tells us EXACTLY what is on the real estate exam.  Many real estate exam applicants go pay $164 to take the exam without even glancing at this information in this booklet.  Here is a video that I made with more information about that.  Check this out.  If you are studying, be certain that you are studying the right thing.

     The North Carolina real estate exam is broken into two parts:  The "national" portion which is one hundred questions and the "North Carolina" portion which is forty questions .  An applicant can make a 100% on one portion and miss the other portion by one point.  That applicant will be paying $164 to take that failed portion again.  This may not seem fair.  That is the way it is.  Far more people fail the North Carolina portion than the national portion.  You either know what the Conner act is or you don't.  You either know what the Machinery act is or you don't.  You either know how many members are on the N.C.R.E.C. or you don't.

     In your textbook in Appendix A, there is about half of what you need to know to pass the North Carolina portion of the test.  Many test candidates go take the exam without reading Appendix A, "The Comments".  Why would anyone do that?  Read "The Comments" in Appendix A in your textbook.  It is boring.  It is dull.  It is on the test.  If you don't want to read it yourself, you can listen to me read it on You Tube at  There are seven of these videos.  Read it yourself or listen to me read it.  This material is certainly on the North Carolina real estate exam.

     The national portion of the exam is 100 questions.  Fifteen percent of those one hundred questions are math.  An applicant needs to be able to compute interest and equity dividend rate and amortization and excise tax and net listings and commissions.  I have all of the this posted in a series of videos on You Tube.  Any math that is on the North Carolina real estate exam is posted on You Tube.  Watch it at  Watch the six videos where I am wearing the black T shirt.  Math is fifteen percent of the national portion of the exam.

     Make studying a team sport.  Get together with your classmates.  Share ideas and study aids that you have found online.  Help each other.  Since I work at Keller Williams Realty, this seems natural to me.  We encourage our students to study together and pass together. 

     Here is a super simple obvious tip.  Read the textbook.  There are plenty of test applicants that go take the test ( at $164 per opportunity) when they have not read the textbook.  Yes, I mean read every word of the textbook including the glossary.  Read the textbook.  Turn off the TV.  Turn off Facebook.  Read the textbook.  If you are still in real estate school, read the chapter that you know your instructor will be covering next class session.  Write questions in the margin.  Ask them in class.  Read the real estate textbook. 

     Make yourself some flashcards.  Make a couple of hundred.  Take a 3x5 card.  Write Four things the N.C.R.E.C. can do as punishment on one side of the card.  Put the answer on the back.  Use these all the time until your exam.  Write What are riparian rights on one side of the card.  Put the answer on the back. 

     Study, Study, Study. 

     When you get your North Carolina real estate license, if you're looking for a great place to start your new career, let me personally invite you to interview with Keller Williams Realty.  This is such a pleasant place to work and start a new career.  A new licensee could not ask for better training or peer support.  Please call me at 828 755 6996.  I will have a team leader from an office near you to contact you.  You will thank me later. 

     First things first.  Pass the N.C.R.E.C. exam.  Watch my You Tube videos.  Take my practice exam.  Study.  Study.  Study.  Stay in touch with your classmates.  Gather their contact information while you are still in class.  Call them and congratulate them when they pass. 

     If you are anywhere near Asheville or  Hendersonville, join us at First Real Estate School   for your post license class.