So, maybe you’ve noticed that the economy has been picking up, or maybe you’re seeing real estate signs everywhere. Maybe you have friends or family that have recently sold their house, and one day you said to yourself, “I wanna get in on that!”
Well, I don’t blame you! There are loads of things you can do with a real estate license, which is why I got mine. I passed the state of Florida’s exam for licensing real estate sales associates in September, and I’d love to share some of the ways I made the experience a little easier on myself.
Sadly, that’s not to say that the process is easy! The kinds of things that the exam covers are not the sorts of things one is likely to encounter in day to day living. I think I’ve got a fairly good vocabulary, but I’d last heard of “eminent domain” in history class, I thought “hypothecation” sounded like it had something to do with triangles, and I had no clue what “novation” meant at all!
Don’t worry; this may seem intimidating, but I can assure you that it’s perfectly doable.
There are a couple of ways to fulfill the prelicensing course requirement; if you’re a super-motivated self-starter, the online course may be for you. Personally, I prefer the physical classroom because I found it easier to focus and the instructor gave lots of helpful tips on passing not only the course but the state exam as well. I had the good fortune to take my prelicensing course through OMCAR with a gentleman named Mark Alfarone, and I cannot recommend him highly enough. He helped apply the concepts we were learning to practical situations, which helped me immeasurably when I was trying to remember what it all meant!
Okay, so you’ve picked your class. The next step: STUDY! This seems obvious, but you really can’t skimp on this. Read the course material. Take notes. Find out how you learn best, and tailor your study habits to suit your strengths. I learn best when I write things down, so I bought stock in index cards. Think I’m joking?
My hand still hasn’t stopped cramping.
If you learn best by listening, use the voice recorder on your phone to record the lectures (or, if you’re studying solo, tape yourself reading the material and listen to it until you’re sick of the sound of your own voice). If you’re using flashcards, get friends and family to help you; my 9-year-old niece quizzed me, which was great for both of our vocabularies!
Plus, I heard from somebody that you can sell them on eBay! I’ll let you know how that one pans out.
Next, whether you’re doing an online course or attending a physical class, I highly recommend going to a cram course. It’s not that they don’t teach you what you need to know in the standard prelicensing course, but the questions on the real estate exam practically use their own language, and it can be immensely helpful to have a translator.
Finally, unless you’re some kind of sophisticated robot, or have literal nerves of steel, you’re probably going to be a bit nervous the first time you take the test. Make sure you have everything you need with you when you get to the testing site (simple calculator? Check! Proof of completion of your prelicensing course? Check! Two forms of identification? Check! Cookies to bribe the proctor with…on second thought, probably not. They do test you on ethics, after all). Spend a few minutes familiarizing yourself with the testing software. They offer a tutorial, which I took even though it looked fairly simplistic. It helped settle my nerves and made it easier navigating the test itself.
I hope this has been helpful, or at least entertaining. Give me a call, text, or email to let me know if you’d like to hear more! My next topic will be: “Okay, I have a Real Estate License. Now what?”