What to Do Before Taking the Real Estate Salesperson or Broker Exam

According to some recent statistics from REALTOR Magazine and the US Census Bureau data, “young Americans are rushing to become homeowners in the pandemic.” 

“Millennial” adults under 35 are still not in the majority of home owning Americans, but the rate rose to 40.2% last quarter, up from 37.5% a year earlier. As the demand for homes continues to rise, so too does the need for real estate brokers and salespeople!

If you’ve been dreaming of using your talents in the real estate industry, we can help you get there with our Real Estate Practice Exam! It covers everything you need to know in order to pass your state’s real estate broker or salesperson certification exam.

Real Estate Practice Exam Description

All 400 practice exam questions were written by industry experts who have previously worked on material for actual real estate exams across the country. While the questions are not the exact same as what you’ll find on a real exam, they were written to be as close as possible.

The practice exam is designed to work around your busy schedule, because it’s accessible 24/7 on any internet-connected device. And with the dynamic review feature, you can watch your practice scores improve in real time as you retake the exam as many times as you’d like. 

Click here to buy the practice exam, or choose your state above to see what other prelicense resources are available.

 


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Why Now is the Perfect Time to Become a Real Estate Salesperson (And How to Get Started)

According to the National Association of Realtors (NAR), existing home sales in August reached their highest level in over a decade. A handful of factors contributed to this, but we’ll focus on just one down below. The continued climb in home sales is a signal that if you’ve been thinking of pursuing a career in real estate, now is the time.

Total existing home sales rose 2.4% (6 million) from July to August, which is also a 10.5% increase compared to August 2019. Despite global hardships, these increases aren’t expected to slow down anytime soon.

“Home sales continue to amaze, and there are plenty of buyers in the pipeline ready to enter the market," said Lawrence Yun, NAR’s chief economist. "Further gains in sales are likely for the remainder of the year, with mortgage rates hovering around 3% and with continued job recovery."

In August, nearly 70% of homes on the market were sold in less than a month!

One interesting factor contributing to the steady rise in home sales is the shift away from “corporate office culture” and the acceptance of working from home. With many companies planning on keeping people working from home even after the pandemic is over, the value of real estate to both individuals and the economy as a whole has proven vital.

In August, sixty-nine percent of homes were on the market for less than a month. No matter what your current career situation is, you can become a real estate salesperson and take advantage of the current strong market! All of our real estate licensing courses are available 24/7 from any device with an internet connection - meaning you can learn from anywhere at your own pace.

Get started by choosing your state above, and always feel free to contact us with any questions at 1-800-727-7104.

 


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