How To Study For The Real Estate Exam

Need help on figuring out what and how to study once you've signed up with PrepAgent? This is usually what we suggest to our members based on our years of experience:

Start with the Vocabulary Worksheet

It all starts with the vocabulary, nothing should happen until that is mastered because all of the questions and content is based on understanding the underlying terminology. At first, use any and all reference materials to fill it out:

  • Exam Prep PDF
  • Exam Prep Videos
  • Keyword Outline
  • Online Flashcards
  • Google

The goal is to be able to fill it out with ease without using other references.

Vocab Practice Exams

The vocabulary practice exams help you understand the terminology in a multiple choice format. Keep doing these practice exams until you consistently score 80% or above.

Online Practice Exams

We have divided our questions into six categories in order to help you focus on areas of weakness.

The categories are as follows:

  • Property Ownership
  • Agency
  • Appraisal
  • Transfer of Property
  • Practice and Disclosure
  • Contracts
  • Math
  • Vocabulary
  • Master Exam

 

A few examples of what we review in our property ownership section are types of encumbrances such as liens and easements. Other items in this section include, but are not limited to, government rights in land, freehold vs less than freehold estates, riparian vs littoral rights, and types of leases.

In our agency section, we review concepts such as types of agencies, agency creation / termination, and responsibilities related to agency.

Our appraisal section reviews the different approaches to estimating value such as the market data approach and cost approach. We also review forms of depreciation, essentials of value, appraisal theory, and much more.

Our financing section touches upon key concepts for your exam as it relates to financing a home such as the types of loans, secondary market, government programs and vital instruments in originating a loan.

In our transfer of property section, we review concepts vital to your real estate exam such as deeds, title insurance and how title is taken such as joint tenancy vs tenancy in common.

We go over many important federal laws in our practice and disclosure section. In that section, we review things such as fair housing laws, truth in advertising, property management, and relevant disclosures. This is where you will review terms such as blockbusting, panic selling, steering and much more regarding general practice as it relates to your real estate exam

People often say that what you need to learn for the real estate exam is not relevant to what you will actually do. If there ever was a section that had relevancy it would be the contracts section. It is in the contracts section where you will review the difference between bilateral and unilateral contracts, listing agreements, and contract essentials.

Many people express concern over math questions on the real estate exam. Although this makes up a very small portion of the exam, we understand people's concern. That is why we put together a section especially dedicated to math that will help you prepare for any math questions you may see on the real estate exam.

More than anything else, the real estate exam is a glorified vocabulary quiz. Obviously, it can be more complicated than that at times but the principle remains true: If you do not know your vocabulary, there is no way you can pass. If you know your vocabulary, learning all the other concepts will come much easier. We can not emphasize enough the value of knowing your vocabulary. That is why, in addition to putting together worksheets, a vocabulary list, and online flashcards, we have also created a section dedicated to vocabulary under our practice exams.

Last but not least is our master exam section. The questions on your actual exam will be merged together. Therefore, when you have mastered all of the above sections, you should do the questions in the same fashion that you will see on your actual real estate exam. That is why we put together a master exam which is a compilation of all the information you will be asked about in random order, just like the real state exam.

It's important to not move on to another section until you can consistently score 80% or above. Once you can score 80% or above on each section, then, and only then, do the master exam.

Redo the Vocab Worksheet

The vocabulary worksheet should be the first thing you do when you start studying and the last thing you do before your exam. This will solidity your understanding of key terms and help you answer questions that you come across on the exam that you might not have seen before.

In Your Downtime

The more you incorporate studying into your daily schedule the more easily you will grasp the concepts. For example, you can listen to our audio lessons:

  • at the gym
  • walking the dog
  • sitting in a waiting room
  • sitting as a passenger during travel.

 

Sometimes our mind is too exhausted to listen or to do questions, especially at night. This is a great time to relax and passively listen to webinars as a way to review what you have learned. Our webinar videos are about an hour long each and cover a variety of topics.

The more you study, the more relaxed you will be during the exam and the more likely that you will pass. Don't give up!