Real estate salesperson exam tips?
Investor · Los Angeles, CA · Member since 2017 · 523 posts · 476 votes
Real estate salesperson exam tips?
Most Popular Reply
Insurance Agent · Irvine, CA · Member since 2017 · 17 posts · 8 votes
8yHi Shiva,
I teach a weekend crash course at a licensing school that helps prepare for the exam. It’s two days and goes over a bulk of the materials.
25 Replies
- Insurance Agent · Irvine, CA · Member since 2017 · 17 posts · 8 votes8y
Hi Shiva,
I teach a weekend crash course at a licensing school that helps prepare for the exam. It’s two days and goes over a bulk of the materials.
- Investor · Northern, VA · Member since 2016 · 1k+ posts · 904 votes8y
Originally posted by @Shiva Bhaskar:
Hello everyone,
I've decided to take the California agent exam, so that I can get access to MLS for deals etc. Have a friend who is a fellow investor as well as a licensed broker (again, mainly to look for deals for himself), who can hook me up with access for a small fee, once I have the license. As it happens, I'm an attorney in California, so I don't have to take the class. I do, however, have to pass the exam.
Picked up a few well-rated books on Amazon, but I wanted to see if anyone had any tips re studying, and also, how long it might take to study, if I could put in around 30 minutes per day (probably a few hours per day on the weekends)? I'd like to knock out the exam before end of year if possible. Any advice is appreciated.
You might just be wasting a lot of time...
OK First all.. If you are already an attorney, and went through rigorous law school, you shouldn't have any problem passing the real estate exam. I passed it on my first try, and I can barely add.. LOL.. OK I can add, but have problems with fractions.. OK that aside..
Why do you really want to become a real estate agent? Unless, you live in the area where you can invest in your backyard, I am not sure real estate agent license has much value. I would have highly encouraged getting your license, if you were living in Indy, or Kansas City, but being a CA resident.. I don't think so. Unless you are into some multi million dollar deals locally, most CA folks are investing OOS.
- Lender · Los Angeles, CA · Member since 2015 · 399 posts · 174 votes8y
You are obviously a smart guy. My experience taking both the agent and broker exam is that the crash course is the way to go. The crash courses basically teaches the exam, making it a breeze to pass. The challenge isn't being correct, the challenge is knowing the answer they are looking for ... they often require exam answers the are legally incorrect. Many of the exam questions require the legally incorrect answer to pass.
- 8yLee RipmaPro MemberRental Property Investor · Prairie Village, KS · Member since 2015 · 2k+ posts · 2k+ votes
I'm in the same boat, just passed the course online and filled out all my paperwork to sit for the exam. I was talking to another agent in LA @Nabil Suleiman and asked him what he did. He recommended http://www.passyourtestnow.com/ and I plan to sign up before my test.
- Rental Property Investor · Orange County, CA · Member since 2014 · 30 posts · 12 votes8y
@Shiva
Highlight and memorize all of the Answers that are in Bold in your study manual ( in order for you too) through First Tuesday or whatever course you have.
These are the answers. If you know the answers, you will pass easily.
The two day class is good also, it teaches you how to pass as well.
And besides mls, you can earn commissions for CA deals for yourself or friends, broker hard money loans, etc. that in CA can lead to thousands of dollars.
Relax, and you'll be the first one done.
(Long time broker w/ law degree.)
- Investor · Los Angeles, CA · Member since 2017 · 523 posts · 476 votes8y
Originally posted by @Account Closed:
Hi Shiva,
I teach a weekend crash course at a licensing school that helps prepare for the exam. It’s two days and goes over a bulk of the materials. If you’re interested, PM me for details!
Thanks Ryan. messaging you now!
- Investor · Los Angeles, CA · Member since 2017 · 523 posts · 476 votes8y
Originally posted by @Kevin B.:
@Shiva
Highlight and memorize all of the Answers that are in Bold in your study manual ( in order for you too) through First Tuesday or whatever course you have.
These are the answers. If you know the answers, you will pass easily.
The two day class is good also, it teaches you how to pass as well.
And besides mls, you can earn commissions for CA deals for yourself or friends, broker hard money loans, etc. that in CA can lead to thousands of dollars.
Relax, and you'll be the first one done.
(Long time broker w/ law degree.)
Kevin, this sounds great. And yes, one reason I've been thinking about doing it, is that earning the 2% or 3% back would let me consider some deals that right now might be on the borderline. And yeah, always have friends looking to buy! Thanks for the help.
- Investor · Los Angeles, CA · Member since 2017 · 523 posts · 476 votes8y
Originally posted by @Lee Ripma:
I'm in the same boat, just passed the course online and filled out all my paperwork to sit for the exam. I was talking to another agent in LA @Nabil Suleiman and asked him what he did. He recommended http://www.passyourtestnow.com/ and I plan to sign up before my test.
Hi Lee, thanks for sharing this. Let me check it out!
- Investor · Los Angeles, CA · Member since 2017 · 523 posts · 476 votes8y
Originally posted by @Account Closed:
You are obviously a smart guy. My experience taking both the agent and broker exam is that the crash course is the way to go. The crash courses basically teaches the exam, making it a breeze to pass. The challenge isn't being correct, the challenge is knowing the answer they are looking for ... they often require exam answers the are legally incorrect. Many of the exam questions require the legally incorrect answer to pass.
Thanks David, yeah I feel like a lot of this stuff I know at some level, but need to refresh it. Seems like the crash course is the way to go.
- Investor · Los Angeles, CA · Member since 2017 · 523 posts · 476 votes8y
Originally posted by @Chinmay J.:
Originally posted by @Shiva Bhaskar:
Hello everyone,
I've decided to take the California agent exam, so that I can get access to MLS for deals etc. Have a friend who is a fellow investor as well as a licensed broker (again, mainly to look for deals for himself), who can hook me up with access for a small fee, once I have the license. As it happens, I'm an attorney in California, so I don't have to take the class. I do, however, have to pass the exam.
Picked up a few well-rated books on Amazon, but I wanted to see if anyone had any tips re studying, and also, how long it might take to study, if I could put in around 30 minutes per day (probably a few hours per day on the weekends)? I'd like to knock out the exam before end of year if possible. Any advice is appreciated.
You might just be wasting a lot of time...
OK First all.. If you are already an attorney, and went through rigorous law school, you shouldn't have any problem passing the real estate exam. I passed it on my first try, and I can barely add.. LOL.. OK I can add, but have problems with fractions.. OK that aside..
Why do you really want to become a real estate agent? Unless, you live in the area where you can invest in your backyard, I am not sure real estate agent license has much value. I would have highly encouraged getting your license, if you were living in Indy, or Kansas City, but being a CA resident.. I don't think so. Unless you are into some multi million dollar deals locally, most CA folks are investing OOS.
Haha, I hear you! Funny enough, I am looking out of state as well (taking trip to Cleveland in October and I think we'll be doing deals there soon), BUT yes, I already invest here for appreciation, and am very happy with the areas I'm involved with and deals we've done so far. There's a lot of good stuff in the LA area in the range of several hundred thousand (single family, not multi), and some of the areas east of here also have deals worth looking at. The investment market here is really active, even plenty of folks on BP doing quite a bit out here, but you are correct that plenty of us are also looking out of state.
- Flipper/Rehabber · Los Angeles, CA · Member since 2009 · 1k+ posts · 732 votes8y
@Shiva Bhaskar , I passed recently in CA . I found the free content through Prep Agent Youtube videos and they have a podcast also to be helpful.
I also got a subscription to real estate exam scholar for $29.
I passed on the first try, but had experience in investing, since you are an attorney and have investing experience you shouldn't have an issue. It was interesting also there weren't math questions on the exam...but each desk has a calculator lol.
@Lee Ripma , good luck on exam I'm sure you'll do great. Do you plan to use it to broker deals in CA or for your own investing?
- Flipper/Rehabber · Los Angeles, CA · Member since 2009 · 1k+ posts · 732 votes8y
Originally posted by @Shiva Bhaskar:
Originally posted by @Chinmay J.:
Originally posted by @Shiva Bhaskar:
Hello everyone,
I've decided to take the California agent exam, so that I can get access to MLS for deals etc. Have a friend who is a fellow investor as well as a licensed broker (again, mainly to look for deals for himself), who can hook me up with access for a small fee, once I have the license. As it happens, I'm an attorney in California, so I don't have to take the class. I do, however, have to pass the exam.
Picked up a few well-rated books on Amazon, but I wanted to see if anyone had any tips re studying, and also, how long it might take to study, if I could put in around 30 minutes per day (probably a few hours per day on the weekends)? I'd like to knock out the exam before end of year if possible. Any advice is appreciated.
You might just be wasting a lot of time...
OK First all.. If you are already an attorney, and went through rigorous law school, you shouldn't have any problem passing the real estate exam. I passed it on my first try, and I can barely add.. LOL.. OK I can add, but have problems with fractions.. OK that aside..
Why do you really want to become a real estate agent? Unless, you live in the area where you can invest in your backyard, I am not sure real estate agent license has much value. I would have highly encouraged getting your license, if you were living in Indy, or Kansas City, but being a CA resident.. I don't think so. Unless you are into some multi million dollar deals locally, most CA folks are investing OOS.
Haha, I hear you! Funny enough, I am looking out of state as well (taking trip to Cleveland in October and I think we'll be doing deals there soon), BUT yes, I already invest here for appreciation, and am very happy with the areas I'm involved with and deals we've done so far. There's a lot of good stuff in the LA area in the range of several hundred thousand (single family, not multi), and some of the areas east of here also have deals worth looking at. The investment market here is really active, even plenty of folks on BP doing quite a bit out here, but you are correct that plenty of us are also looking out of state.
SoCal is definitely an appreciation market today especially. Just curious what areas do you mean by east of here? Inland Empire area? Have you found anything that cash flows at today's prices? I know that area , Riverside etc got hit really hard during the last crash. Next downturn won't be likely anywhere near as bad but I could see them being more vulnerable than L.A
- Investor · Los Angeles, CA · Member since 2017 · 523 posts · 476 votes8y
Originally posted by @Joseph M.:
Originally posted by @Shiva Bhaskar:
Originally posted by @Chinmay J.:
Originally posted by @Shiva Bhaskar:
Hello everyone,
I've decided to take the California agent exam, so that I can get access to MLS for deals etc. Have a friend who is a fellow investor as well as a licensed broker (again, mainly to look for deals for himself), who can hook me up with access for a small fee, once I have the license. As it happens, I'm an attorney in California, so I don't have to take the class. I do, however, have to pass the exam.
Picked up a few well-rated books on Amazon, but I wanted to see if anyone had any tips re studying, and also, how long it might take to study, if I could put in around 30 minutes per day (probably a few hours per day on the weekends)? I'd like to knock out the exam before end of year if possible. Any advice is appreciated.
You might just be wasting a lot of time...
OK First all.. If you are already an attorney, and went through rigorous law school, you shouldn't have any problem passing the real estate exam. I passed it on my first try, and I can barely add.. LOL.. OK I can add, but have problems with fractions.. OK that aside..
Why do you really want to become a real estate agent? Unless, you live in the area where you can invest in your backyard, I am not sure real estate agent license has much value. I would have highly encouraged getting your license, if you were living in Indy, or Kansas City, but being a CA resident.. I don't think so. Unless you are into some multi million dollar deals locally, most CA folks are investing OOS.
Haha, I hear you! Funny enough, I am looking out of state as well (taking trip to Cleveland in October and I think we'll be doing deals there soon), BUT yes, I already invest here for appreciation, and am very happy with the areas I'm involved with and deals we've done so far. There's a lot of good stuff in the LA area in the range of several hundred thousand (single family, not multi), and some of the areas east of here also have deals worth looking at. The investment market here is really active, even plenty of folks on BP doing quite a bit out here, but you are correct that plenty of us are also looking out of state.
SoCal is definitely an appreciation market today especially. Just curious what areas do you mean by east of here? Inland Empire area? Have you found anything that cash flows at today's prices? I know that area , Riverside etc got hit really hard during the last crash. Next downturn won't be likely anywhere near as bad but I could see them being more vulnerable than L.A
Joseph, thanks for the tips re exam. Appreciate it!
Yes, I was referring to areas like Hesperia, Victorville, there are definitely deals that cash flow (low cash flow but people are moving into the area and is growing so I think we'll see appreciation long term). It is more vulnerable though as you said, LA County definitely safer in that regard. The tenant base in these areas is a lot of folks moving from lower income or lower middle class areas in LA County, so I think there may sometimes be challenges.
I was lucky enough to get something that cash flows in the South Bay (Gardena) earlier this year, and there are single families here and there in Hawthorne and Lawndale that need some work but would cash flow well once you've done some rehab, and as you may know, with Space X, Silicon Beach etc, I think the areas are great long term. Of course, in LA it seems like every contractors phone has been ringing off the hook the past year, so making some of these rehab deals work is easier said than done.
- Real Estate Agent · Pacific Palisades, CA · Member since 2018 · 43 posts · 14 votes8y
I took the test about a month ago and passed first try. I did not study nor take any crash course myself. I had a Brokers License which I let expire back in 2012 because I was only using it for mortgage stuff at the time and got out of that. So I did remember some stuff from 12 years ago but it was quite blurry to say the least.
Here are my suggestions:
1. Peruse those books you got.
2. When taking the test, mark down the number of any question you are unsure if you answered correctly.
3. Go back over the unsure questions after you get to the end.
4. Use all the time you need to go back over questions you are unsure of. I was the last person in the room. No cool-points for finishing early and then going back to retake it.
5. If you don't pass it first try, don't sweat it as they will tell you your score and on what topics you were weak.
- 8yLee RipmaPro MemberRental Property Investor · Prairie Village, KS · Member since 2015 · 2k+ posts · 2k+ votes
Thanks for the exam study tips! I likely will only close deals for my friends and family and get referral fees. I'm not planning to go into real estate sales since I have a full-time day-job. It would be fun to work with investors in LA or do a flip of my own in LA (maybe acquired with an owner occupant loan). If I were to go into RE full time I would want to do the commercial and/or investor side. Retail sales probably wouldn't be my cup of tea. I don't like to dress up and I don't have a flashy car :)
- 8yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Chinmay J.:
Originally posted by @Shiva Bhaskar:
Hello everyone,
I've decided to take the California agent exam, so that I can get access to MLS for deals etc. Have a friend who is a fellow investor as well as a licensed broker (again, mainly to look for deals for himself), who can hook me up with access for a small fee, once I have the license. As it happens, I'm an attorney in California, so I don't have to take the class. I do, however, have to pass the exam.
Picked up a few well-rated books on Amazon, but I wanted to see if anyone had any tips re studying, and also, how long it might take to study, if I could put in around 30 minutes per day (probably a few hours per day on the weekends)? I'd like to knock out the exam before end of year if possible. Any advice is appreciated.
You might just be wasting a lot of time...
OK First all.. If you are already an attorney, and went through rigorous law school, you shouldn't have any problem passing the real estate exam. I passed it on my first try, and I can barely add.. LOL.. OK I can add, but have problems with fractions.. OK that aside..
Why do you really want to become a real estate agent? Unless, you live in the area where you can invest in your backyard, I am not sure real estate agent license has much value. I would have highly encouraged getting your license, if you were living in Indy, or Kansas City, but being a CA resident.. I don't think so. Unless you are into some multi million dollar deals locally, most CA folks are investing OOS.
you hit the nail on the head saving on commissions and access to MLS is mission critical on the west coast..
- 8yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Rob Duke:
I took the test about a month ago and passed first try. I did not study nor take any crash course myself. I had a Brokers License which I let expire back in 2012 because I was only using it for mortgage stuff at the time and got out of that. So I did remember some stuff from 12 years ago but it was quite blurry to say the least.
Here are my suggestions:
1. Peruse those books you got.
2. When taking the test, mark down the number of any question you are unsure if you answered correctly.
3. Go back over the unsure questions after you get to the end.
4. Use all the time you need to go back over questions you are unsure of. I was the last person in the room. No cool-points for finishing early and then going back to retake it.
5. If you don't pass it first try, don't sweat it as they will tell you your score and on what topics you were weak.
I have taken these test in 3 states including CA and mortgage bankers test ( much harder).. key to me is practice tests go through those a few hundred times. and skip all the math.. and legal descriptions questions.. rip through the law parts which is the majority come back just skim the math.. and even if you don't want to read them just pick C I never even looked at the math because I already new I passed.. and I like the legal description stuff because I love maps and section and range land etc.. that I liked. I am always the first done.
usually within 30 mintues to 45 mintues as fast as I can read it..
when I did one test for the Mortgage banker test it took me longer to figure out how to do the computer than the test.. It was only 25 questions.. and when I walked up the gal I am sure thought I was an idiot since I had to ask 3 times how to work the computer she probably thought I just gave up.. I got a perfect score she just kind of looked at me.. LOL..
- Investor · Los Angeles, CA · Member since 2017 · 523 posts · 476 votes8y
Originally posted by @Rob Duke:
I took the test about a month ago and passed first try. I did not study nor take any crash course myself. I had a Brokers License which I let expire back in 2012 because I was only using it for mortgage stuff at the time and got out of that. So I did remember some stuff from 12 years ago but it was quite blurry to say the least.
Here are my suggestions:
1. Peruse those books you got.
2. When taking the test, mark down the number of any question you are unsure if you answered correctly.
3. Go back over the unsure questions after you get to the end.
4. Use all the time you need to go back over questions you are unsure of. I was the last person in the room. No cool-points for finishing early and then going back to retake it.
5. If you don't pass it first try, don't sweat it as they will tell you your score and on what topics you were weak.
Thanks Rob, this sounds like a good approach. Feeling better about the exam already!
- Investor · Los Angeles, CA · Member since 2017 · 523 posts · 476 votes8y
Originally posted by @Jay Hinrichs:
Originally posted by @Rob Duke:
I took the test about a month ago and passed first try. I did not study nor take any crash course myself. I had a Brokers License which I let expire back in 2012 because I was only using it for mortgage stuff at the time and got out of that. So I did remember some stuff from 12 years ago but it was quite blurry to say the least.
Here are my suggestions:
1. Peruse those books you got.
2. When taking the test, mark down the number of any question you are unsure if you answered correctly.
3. Go back over the unsure questions after you get to the end.
4. Use all the time you need to go back over questions you are unsure of. I was the last person in the room. No cool-points for finishing early and then going back to retake it.
5. If you don't pass it first try, don't sweat it as they will tell you your score and on what topics you were weak.
I have taken these test in 3 states including CA and mortgage bankers test ( much harder).. key to me is practice tests go through those a few hundred times. and skip all the math.. and legal descriptions questions.. rip through the law parts which is the majority come back just skim the math.. and even if you don't want to read them just pick C I never even looked at the math because I already new I passed.. and I like the legal description stuff because I love maps and section and range land etc.. that I liked. I am always the first done.
usually within 30 mintues to 45 mintues as fast as I can read it..
when I did one test for the Mortgage banker test it took me longer to figure out how to do the computer than the test.. It was only 25 questions.. and when I walked up the gal I am sure thought I was an idiot since I had to ask 3 times how to work the computer she probably thought I just gave up.. I got a perfect score she just kind of looked at me.. LOL..
Ok, perfect. I have heard the mortgage test is more tricky - this exam seems like something that can be managed with the right strategy.
- 8yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Shiva Bhaskar:
Originally posted by @Jay Hinrichs:
Originally posted by @Rob Duke:
I took the test about a month ago and passed first try. I did not study nor take any crash course myself. I had a Brokers License which I let expire back in 2012 because I was only using it for mortgage stuff at the time and got out of that. So I did remember some stuff from 12 years ago but it was quite blurry to say the least.
Here are my suggestions:
1. Peruse those books you got.
2. When taking the test, mark down the number of any question you are unsure if you answered correctly.
3. Go back over the unsure questions after you get to the end.
4. Use all the time you need to go back over questions you are unsure of. I was the last person in the room. No cool-points for finishing early and then going back to retake it.
5. If you don't pass it first try, don't sweat it as they will tell you your score and on what topics you were weak.
I have taken these test in 3 states including CA and mortgage bankers test ( much harder).. key to me is practice tests go through those a few hundred times. and skip all the math.. and legal descriptions questions.. rip through the law parts which is the majority come back just skim the math.. and even if you don't want to read them just pick C I never even looked at the math because I already new I passed.. and I like the legal description stuff because I love maps and section and range land etc.. that I liked. I am always the first done.
usually within 30 mintues to 45 mintues as fast as I can read it..
when I did one test for the Mortgage banker test it took me longer to figure out how to do the computer than the test.. It was only 25 questions.. and when I walked up the gal I am sure thought I was an idiot since I had to ask 3 times how to work the computer she probably thought I just gave up.. I got a perfect score she just kind of looked at me.. LOL..
Ok, perfect. I have heard the mortgage test is more tricky - this exam seems like something that can be managed with the right strategy.
its simple if you have a law background.. the harder stuff is doing the CE all the time I am constantly doing CE for all my licenses LOL.. but I got my CA in 75 so I don't want to give it up.. even though I rarely do anything there.. but I am going to Santa Rosa tomorrow to look at some new build opps in the burnt out areas.. so it could come in handy there.. and if I ever build out my project in Rohnert park I will be the listing agent as it would save me hundreds of thousands.
- Realtor · Charleston, SC · Member since 2016 · 229 posts · 159 votes8y
Have you ever seen the movie "How High?" It has Redman and Method Man in it, and for that reason alone you need to watch it..
Best advice ever for how to pass tests.....1) Study high 2)Take the test high 3) get high scores. You live in CA so it shouldn't be a problem for you to get necessary study materials......
Also, its probably the easiest test you will ever take ever in your life, and being an attorney you're already versed in the subject matter. Again, as many have stated it really will not help you get more deals and in fact it will cost you upwards of $1200+ dollars a year to maintain your license with REALTOR dues and MLS fees and card fees, centri-lock classes, continuing education classes etc.... So weight the pros and cons
- Real Estate Agent · Pacific Palisades, CA · Member since 2018 · 43 posts · 14 votes8y
Originally posted by @Jay Hinrichs:
I have taken these test in 3 states including CA and mortgage bankers test ( much harder).. key to me is practice tests go through those a few hundred times. and skip all the math.. and legal descriptions questions.. rip through the law parts which is the majority come back just skim the math.. and even if you don't want to read them just pick C I never even looked at the math because I already new I passed.. and I like the legal description stuff because I love maps and section and range land etc.. that I liked. I am always the first done.usually within 30 mintues to 45 mintues as fast as I can read it..
when I did one test for the Mortgage banker test it took me longer to figure out how to do the computer than the test.. It was only 25 questions.. and when I walked up the gal I am sure thought I was an idiot since I had to ask 3 times how to work the computer she probably thought I just gave up.. I got a perfect score she just kind of looked at me.. LOL..
OK that is a great story on many levels haha. I would guess your many years in the RE game gave you an edge. I can't imagine the banker test being only 25 questions, that seems crazy to me but maybe they were not multiple choice?
My impression of @Shiva Bhaskar was that while he is not completely new to all of this, he probably has gaps in his knowledge his review books might not cover and people adept at taking tests can usually fudge through it using tricks like you mentioned. With only $60 at stake and 1-3 hours of your time, might as well jump and see how it goes is my philosophy.
- 8yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Rob Duke:
Originally posted by @Jay Hinrichs:
I have taken these test in 3 states including CA and mortgage bankers test ( much harder).. key to me is practice tests go through those a few hundred times. and skip all the math.. and legal descriptions questions.. rip through the law parts which is the majority come back just skim the math.. and even if you don't want to read them just pick C I never even looked at the math because I already new I passed.. and I like the legal description stuff because I love maps and section and range land etc.. that I liked. I am always the first done.usually within 30 mintues to 45 mintues as fast as I can read it..
when I did one test for the Mortgage banker test it took me longer to figure out how to do the computer than the test.. It was only 25 questions.. and when I walked up the gal I am sure thought I was an idiot since I had to ask 3 times how to work the computer she probably thought I just gave up.. I got a perfect score she just kind of looked at me.. LOL..
OK that is a great story on many levels haha. I would guess your many years in the RE game gave you an edge. I can't imagine the banker test being only 25 questions, that seems crazy to me but maybe they were not multiple choice?
My impression of @Shiva Bhaskar was that while he is not completely new to all of this, he probably has gaps in his knowledge his review books might not cover and people adept at taking tests can usually fudge through it using tricks like you mentioned. With only $60 at stake and 1-3 hours of your time, might as well jump and see how it goes is my philosophy.
to be fair and balanced like fox news this was the STS test its a national test that once taken and passed we can get a license in almost every state without having to take the entire federal portion.. the mortgage bankers test is far harder than the real estate test simply because of all the different tila respa and any other number of alphabet soup things.. at least for someone like me that never did a conventional loan other than a borrower.. someone who has done conventional fannie Freddie lending it was probably a breeze for me it was tougher.. It took probably 2 of the 3 hours allocated.. but by the time I did the 25 question one that was a slam dunker.
Mississippi has reciprocity so that state to get my broker license was a 16 questions test of which I got 13 write and only need I think 11 so I over trained for that one.. and that one took about 10 minutes..
- Flipper/Rehabber · Los Angeles, CA · Member since 2009 · 1k+ posts · 732 votes8y
@Lee Ripma , good luck on the exam. Yeah even with a few friends and family deals here and there the commissions could add up since prices are so high in the area. I hear you , would prefer to work more on the investment /commercial side as well.
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