Monday, September 18, 2017

The North Carolina Real Estate Exam Pass Fail Rate Results for August 2017

The North Carolina Real Estate Commission released the pass fail results for last month's North Carolina real estate exam.  In August, 2017, Six hundred and six real estate license applicants paid PSI to take the real estate exam so they could get their North Carolina real estate license.  Three hundred seventy eight of those real estate license applicants passed the exam.  That is sixty two per cent.  If anyone told you that this exam is easy, they lied.

Three hundred and seventy eight real estate license applicants will be paying $164 to try again.  What can these repeat real estate exam takers expect?  In August, one hundred and seventy three repeat test takers paid $164 to attempt the exam for the second or third or fourth or fifth time.  Thirty three of these repeaters passed.  That is a nineteen per cent success rate.   If you did not study enough the first time, I suggest that you overstudy the second time.

In North Carolina, if you have an active real estate license in another state, you may be able to get a North Carolina real estate license just by passing a forty question test.  In August, seventy six real estate licensees from other states attempted this test.  Nineteen of them passed.  That is a twenty five per cent pass rate.  If you would like a sample of this test, there is one at www.ncreexam.com  One of the obvious problems that out of state real estate licensees have is that they believe what they already know is going to help them pass the North Carolina real estate exam.
First Real Estate School in Hendersonville, N.C.

If you are soon taking the North Carolina real estate exam, do not underestimate this exam.  It is not a cake walk.  If your real estate instructor did not tell you that, he has done you a dis service.  This test is hard, difficult, challenging, onerous, exhausting, tedious, formidable, exacting, Sisyphean, tough, perplexing, obstinate, recalcitrant, obstreperous, unyielding to say the least.  It costs $164 to take this test every time you take it.

Overstudy!   Tape $164 cash to the bathroom mirror.  Tell your spouse that we are going out to dinner with that money if I pass the first time.  Tell your spouse that you will not be watching TV or football or Facebook until this test is over.  Send your spouse an email with a link to this article.

Get together with your classmates and study together.  Get together with your classmates and watch my free real estate math videos on You Tube. Here is a link to one of those.     https://www.youtube.com/watch?v=bMdJ-2iHepM&t=123s   Thirty eight per cent of your classmates are going to fail the North Carolina real estate exam.  Be sure that those students are invited to the study session.  They are the guest of honor.  Stay in touch with your classmates until everyone passes the state exam.

Be sure that you know how to do all of the math.  Most people that fail do not fail by twenty points.  They fail by one or two points.  It still costs them $164 to take the test the next time.

Make yourself some flashcards to help you pass the North Carolina real estate exam the first time.  This is easy.  Take 500 three by five cards and write, " How many members of the North Carolina Real Estate Commission must be real estate brokers?" on one side of the three by five card.  Write the answer on the other side.  Do this with 499 other questions.  Use these cards.  Wear them out.  Use these cards all the time.  They worked in the second grade.  They will work now.

If you are one of the 62% that is planning on passing the North Carolina real estate exam the first time, stop reading now.  If you are one of the 38% that is planning on taking the test twice, read the next paragraph.

When you go to the exam the first time, leave a legal pad and a pen lying on the front seat of the car.  When you get back with a failure notice in your hand, start writing down the questions that you did not know the answer to.  You don't have to remember the whole question.  Remember the highlights. This information will never be fresher in your mind than right now.  Do not delay.  Right now before you crank up the car.   What is a subornation clause?  What is the Machinery Act?  Who is bound in an option?  The optionee or the optionor ?   Do you think maaaaaybe you might see these questions again.  Would that make you mad?   If you got back and there is that question about the Machinery Act.  You did not know what it was last time and you don't know today.  Make flashcards out of those questions that you write in the car .  It costs $164 to take the test every time you take it.

If you live anywhere near Hendersonville, North Carolina and are looking to get your North Carolina real estate license, contact me at www.firstrealestateschool.com


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