Many people don’t pass their real estate license exam the first time around. For example, the Ontario Real Estate posted on their website that around a 60% pass rate for test takers.
As you can see, just because you did well on your pre-license exams, it doesn’t mean you can just cakewalk through the OREA exam. Some people have even had to take it three or more times. That can take a toll on your wallet and your self-esteem having to take the test over and over again.
So how can you prepare yourself to pass the OREA exam the first time around? You can start with these 10 study tips:
Create a study schedule. Set a couple hours aside every day when preparing for your exam. Study different topics and use different learning methods to absorb the material.
Get focused. When it’s time to study, it’s time to study. You should already have your study agenda planned out before you even sit down to bypass procrastination. And make sure you study without any distractions like TV, Internet and even other people. Unless of course you work with a tutor.
Find someone else who is preparing for the test and get together one or two times a week to compare notes and quiz each other. You should still study by yourself, but it’s a good idea to trade knowledge with a peer and keep each other motivated. You could even start your own study group or join an existing one or hire a real estate tutor that will guide you on each steps.
Keep your real estate dictionary on you at all times and whenever you have a free minute or two, take it out and study. Read through the glossary over and over until you got it down.
Listen and learn. Find as many real estate podcasts and audio books as you can and listen to them at work or while you’re stuck in traffic. The more ways you can immerse yourself in the real estate world the better. Plus hearing professionals talk about the industry should keep you motivated to study and stay enthusiastic about your new future profession.
Practice makes perfect. Take as many practice tests as you can. This will help you get comfortable with the test format and questioning styles so you’re not thrown off guard come test day. Make sure you are passing your practice tests in the 85-90% range before you sign up for your test. Keep motivated. Some people start off strong then fall back into bad habits.
Become the teacher. Try teaching what you’ve read and learned to someone not familiar with real estate concepts and see how well you can explain the material to them. If they’re lost, you might be too. The key to passing the test isn’t memorizing a bunch of terms and rules, it’s about understanding them.
Find a good experience tutor. Since they’ve already been there, they can let you know what to expect. Like how did they prepare for the test or how many math questions are there, etc.
Get some sleep. Don’t stay up all night studying the day before your test. If you’ve been studying correctly the past couple weeks (or even months) you should already have all the information you need imbedded into your memory. Getting a good night’s rest will help you far more than frantically trying to cram more information into your head at the last minute. Cramming is for the underprepared.
Take the test already! You’ve prepared all you can and you’re probably sick of studying by now. Only thing left to do is sit down and take the test. Here are a few pointers:
Once you get your exam, go through and answer all the easy questions first. Once you’ve got those answered, go back to the beginning and see if you can answer any of the questions that stumped you the first time around. For the ones you still don’t know, try to eliminate any answers you know to be incorrect – then take your best guess at the right answer with the remaining choices.
There you have it! Hopefully with these tips you will be walking away from your state real estate exam with a smile on your face with your new license soon to be on the way.
If you need any of the study materials that were mentioned above, you can check out Real Estate Study proven tutorial guide materials. There are plenty of online practice tests, hours of information on DVDs that come with helpful workbooks, a real estate terminology dictionary, and even flash cards to help you study on the move.
Good luck on your test!
For more information on Real Estate Study courses and programs, visit us at http://www.realestatestudy.ca/ or give us a call at 416.863.5578.