Friday, April 21, 2017

The North Carolina Real Estate Exam Pass Fail Statistics for March 2017

     The North Carolina Real Estate Commission released the pass fail statistics for the North Carolina real estate exam today.  This is the best pass fail ratio we have had in twelve months.

     Seven hundred and seventy three real estate license applicants attempted the North Carolina real estate exam in March throughout the state.  Four hundred fifty five passed both the national portion of the exam and the North Carolina portion of the exam.  That is a sixty per cent pass rate.  Three hundred and eighteen of these test applicants will be paying $92 to take the North Carolina real estate exam again.  The worst pass rate we have experienced lately was in April of 2016.  Only 51% passed then.
Study aids to help you pass North Carolina Real Estate Exam

     This North Carolina real estate exam is no picnic.  There is a lot to learn and to remember.  If you are soon taking this difficult exam, study.  Study more than you think is necessary.

     There are lots of ways to study.  Some study methods are too obvious.  Read your textbook.  Read every word of it.  Answer the questions at the end of the chapters.  Grade yourself.  If you are not getting ninety per cent of these correct, you are not ready for the North Carolina real estate exam.  Answer these questions whether your instructor requires you to or not.

     Another simple and easy way to study is to watch my free real estate math videos on You Tube.  These videos teach you how to do any math that is on the North Carolina real estate exam.  The exam is 15% math. If you can not amortize a mortgage, you need to learn how before you show up at the test center.  If you can not compute excise tax, you better learn how before you go take the North Carolina real estate exam.  If you can not compute the seller's net at closing, you need to watch my videos.  https://www.youtube.com/watch?v=cuHYf3DYhIU&t=131s     This math is on the North Carolina real estate exam.  If you are hoping to pass without being able to do these computations, you better be studying the other stuff a lot.

     On July 1, 2017 , the price of failure is going from $92, which it is now, to $164.  I think the North Carolina Real Estate Commission raised that price to give applicants more motivation to study.  Watching my math videos is free.

     How do repeat test takers fare on the North Carolina real estate exam?  Two hundred twenty three repeat applicants attempted the North Carolina real estate exam for the second or third or fourth or fifth time in March of 2017.  Fifty seven of those repeaters passed.  That 26%.

     Study, study, study.  You could make flash cards.  You take a three by five card.  Write,"What clause in a mortgage allows a mortgagor to change the priority of the mortgage?"  on the front of the card.  Write, "subornation clause" on the back of the card.  Make about 400 of these cards.  Keep them with you all the time.  Go through them when you have a spare minute or two.  With modern technology, you can do this on your phone instead of a 3x5 card.

     At First Real Estate School in Hendersonville, we have several study aids on our website www.firstrealestateschool.com  to help you pass the North Carolina real estate exam.  One of the best study aids available is Dearborn's book, "Guide To Passing The AMP Real Estate Exam"  AMP is the private company that gives the North Carolina exam.

     This 370 page book is full of practice tests and games to help you learn what you need to know to pass the test the first time.  https://portal.recampus.com/re/FirstRE 

     I have a practice test posted online. http://rondclimer.blogspot.com/2015/04/real-estate-practice-exam-for-north.html  Go take my practice exam.  Take it like a real test.  Take my test near the end of
your class.  Grade yourself.  If you are not making an 85% on my practice test, keep studying.  Please do not underestimate the North Carolina real estate exam.  If you did not make at least a 85% on your class test, keep studying.

     Here is some good advice.  When you go to take the North Carolina real estate exam at the AMP test center, leave some paper or a recorder on the seat of the car.  If you return to your car with a failure notice, start writing down questions that were on your test.  Look up those answers.  Know that stuff when you come back and pay $164 to try again.  You will very likely see the same concepts next time.

     Study, study, study!   Study too much.  Study in the morning.  Study at night. At $164 per try,
passing the first time seems like a good idea.

If you live anywhere near Hendersonville, First Real Estate School would love to help you start a new career.  Call us.