First Real Estate School in Hendersonville, North Carolina |
One of the weaknesses of practice exams is that you take the exam. Then, you take the answer key and grade yourself. Often, you don't learn as much as you could because you don't really understand the answer. For instance, I have a free real estate exam right here on this blog. I received an email a couple of weeks ago from an exam candidate that took that exam. She had a question about question 16 which said:
In a deed of trust, the borrower is the
A. mortgagee
B. grantor
C. payee
D. creditor
She sent me an email and suggested that maaaaaaaaybe I had left out the right answer. The right answer, of course, is B. This student had a real estate license in a state where they use mortgages. In North Carolina, we use deeds of trust. The guy borrowing the money is the grantor.
The pass rate in May 2017 for out of state licensees taking only the forty question North Carolina section of the test was 31%. Seven hundred seventy seven applicants took it. Two hundred thirty nine passed it. $$$$$$$$$$$$$$$$$$$$. This is caused by out of state applicants mistakenly believing that what they know from their home state will help them pass the North Carolina real estate exam.
If you are soon taking the North Carolina real estate exam, watch my free You Tube videos if you need any help with the math https://www.youtube.com/watch?v=bMdJ-2iHepM. If you want to know what is on the North Carolina test, watch my video, "Secrets Revealed Information About What IS On The North Carolina Real Estate Exam" Here is a link to that https://www.youtube.com/watch?v=EZFPZGo_DJ4&t=184s
Do not underestimate the North Carolina real estate exam. The statistics tell the truth. Take my practice exam. If you don;t pass that, keep studying. I can think of a lot of better ways to spend $164.
Check out our other study aids at www.firstrealestateschool.com
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