Because I passed the first test for my real estate class I did not have to take the retest, but I did any way. I figured it was good practice and I wanted to get myself to study the New Jersey and Federal laws, acts and commissions as I had trouble with those on the first test. My intentions were good, but I failed to really study at all. I tried searching the internet for a list of all those …
Did I Pass?
I sure did! Managed to get an 83 on the federal section and a 77 on the NJ specific section. I’m not sure what I got wrong just yet as we will be reviewing the test on Thursday. I used the 80/20 method of studying for this test. Since I only needed a 70% I figured why kill myself studying anything that was going to be complicated or take too long to learn. I sured up the info that I …
Test Day
Just a short post today as it’s test day! Not the actual real estate licensing test, but the test I must pass in order to “graduate” from my pre-licensing class so I can take the Actual Test. I shouldn’t be nervous, but I just can’t help it. Studying the last few days I realize how much stuff there is to know, 22 chapters of terms, laws, Acts and fines. I’ve never been good at memorizing anything. My brain is better …
Real Estate License Practice Exam
I took my real estate license practice exam yesterday and needless to say I’m going to have to study. Because I knew this was only a practice test, I didn’t study over the labor day weekend and instead chose to spend that time with my family. The exam is broken up into two parts between New Jersey laws and regulations and then Federal laws and regs. You need to score a 70% or better on each part to pass. I …
Hard, Smart and Consistent
I never realized how much real estate investing related things I do on a daily basis, that is until I came back from vacation. It is very hard to catch back up. I read blogs… FlipthisWholesaler.Net 123flip.com goodfaithinvesting.com 100buckschallange.com bloggertips.com sahmrealestateinvestor.blogspot.com KellyFlippinCali.blogspot.com and more! I also spend a good deal of time on forums reading up on the latest news, getting great tips about investing and marketing as well as asking any questions I have. These forums are a daily/weekly …
Click to View Ratio
Class yesterday went pretty quickly. We covered the types of contracts you can sign with a seller in order to list their property. Open Contract: Who ever brings in a buyer gets the commission Exclusive Agency: Only agents of the signing broker can sell the house. You yourself can also find a buyer, and if that happens you don’t pay the brokerage a commission. Exclusive Rights: This is the most common type of agreement and states that during the contract …
Licensing Class Day 4 and Internet Marketing
The 4th day of my real estate class dealt mostly with types of ownerships (Tenants in common, Joint Tenants, tenancy in severalty, Tenants in Entirety) and encumbrances (liens, easements). I can see this information coming in handy when trying to work out proper ownership of a property and to understand what types of encumbrances can be on a property. Time for a little teaching for those that don’t know the above terms… Tenancy in severalty: ownership of property by …
Licensing Class Day 4 and Internet Marketing
The 4th day of my real estate class dealt mostly with types of ownerships (Tenants in common, Joint Tenants, tenancy in severalty, Tenants in Entirety) and encumbrances (liens, easements). I can see this information coming in handy when trying to work out proper ownership of a property and to understand what types of encumbrances can be on a property. Time for a little teaching for those that don’t know the above terms… Tenancy in severalty: ownership of property by …