If you want to start a new career as a real estate agent in North Carolina, now is a perfect time. The housing market is in an upswing, meaning there are plenty of houses to buy or sell. Start the process to become a real estate agent by passing the North Carolina real estate exam, which this guide will prepare you to do.
What Do I Need to Do Before Taking the North Carolina Real Estate Exam?
According to the North Carolina Real Estate Commission, you need to meet specific requirements. You must:
Be over the age of 18.
Have proof that you are a U.S. citizen or have a lawful presence and authorization to work as a U.S. real estate broker.
Have a Social Security number.
Have proof that you completed the required 75 hours of pre-licensing education at an approved real estate school.
Take a background check.
Submit an application to take the exam.
Once you check off all the boxes on this list, it is time to prepare to take the real estate exam.
What Is on the North Carolina Real Estate Exam?
The North Carolina real estate exam consists of two sections. One is the National section, and the other is the State section. PSI developed the National section, which consists of 80 questions. The North Carolina Real Estate Commission developed the State section, which has a total of 40 questions. In addition to these questions, the National section has five to ten pretest questions and the State section has five. They don't specify which questions fall into this category, but they aren't graded and are just used to gather data.
Both sections of the exam cover 22 possible topics including basic real estate concepts, brokerage relationships, basic contract law, real estate financing, and property management. Find a full list of the topics on the exam in the licensing guide.
What Score Do I Need to Pass the North Carolina Real Estate Exam?
To pass the exam, you must get a certain score in both sections. You need to correctly answer at least 57 of the 80 questions on the National section and 29 of the 40 questions on the State section. You must pass both sections of the exam within the same 180-day period to get your license.
How Should I Prepare for the Exam?
To start studying for the exam, you need to know what questions are on it. Start by reading the State Exam Study Guidelines, which provide an in-depth breakdown of the questions in each category and what laws correspond to these questions. Another excellent way to prepare is by signing up for an online test prep course like the one that is available on AceableAgent.com
How Much Does It Cost to Take the North Carolina Real Estate Exam?
It costs $56 every time you take the exam, in addition to the $100 license application fee. You pay the exam fee to PSI when you schedule the exam. It is payable by credit card, cashier's check, or money order.
What Are Some Tips for Taking the Exam?
Here are a few tips that can help you successfully make it through the examination.
Read each question thoroughly so you understand exactly what they are asking.
Don't spend too much time on one question due to the time limit. If you don't know it at first, you can mark it as a "problem question" and move on.
When reviewing your "problem questions" at the end of the exam, if you still don't know it, make an educated guess and move on.
Pass Your North Carolina Real Estate Exam and Become a Realtor
Once you pass your exam, you can begin your exciting new career as a real estate agent in the state of North Carolina. When you are ready to get this process started, sign up for your pre-licensing education through AceableAgent.com. Aceable Agent prepares you for your coursework by providing you with exam prep, live webinars, and even private tutoring.