Sunday, March 8, 2009

I passed my First Real Estate Course!

I have been stressed out about taking the tests to pass the three required courses for my real estate license. There is a great deal of terminology to remember and I want to do the coursework as quickly as I can. For whatever reason, you are not allowed to do the three required real estate courses in less than 2 1/2 weeks per course. It only took me about four days to get through the material in the first course, but I had to wait almost two more weeks to take the exam. I have been busy redoing the practice tests and trying to memorize more terms to get ready for the exam.


After redoing the tests a couple of times, I then read the instructions for the exam. It is an open book test and I only need to get 60% right to pass the course! I am happy to say that I was able to answer the 100 questions in about 2 hours ( you are allowed 3 hours) and I got 82 questions right. You would think that with an open book test you should get a 100% right but there were a few questions I really had no idea how to answer.

I have bought and sold several houses in my life and I wish that I had taken the opportunity to learn more about the real estate transaction process before I bought and sold my properties. I also wish that I had better understood the legal and moral obligations to me of my real estate agent before I was in the middle of the buying or selling process. I have been extremely lucky in that I have had very good experiences with the real estate agents I have worked with. But I have had friends that have not been so lucky.

My first real estate tip is to get acquainted with the process of buying or selling before going through the actual transaction. Buying or selling real estate is extremely emotional; better to learn about how to buy or sell real estate before signing any contracts.

Got to run, I need to get to studying for the Second Real Estate course.

1 comment:

  1. Congrats!! I'm sure you'll pass the other two courses with flying colors. It sounds like you're doing well. I think you're also doing a great job blogging. I really like your writing style and it's nice to see what's been going on in your life.
    Speaking of blogging, I thought I'd tell you I made a fashion blog a couple of days ago :)
    http://fashionandcaffeine.blogspot.com
    I feel kind of silly because yours is well-written and mine is more...casual, but please check it out!
    Good luck with the rest of the courses!
    -Yuko
    PS: I see you corrected the type in your URL ;)

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