The real estate exam in Texas is offered to those candidates who have completed the educational requirements for a real estate broker or salesperson licensure successfully and have filed their licensure application. You will need to take and qualify both the national and state portions of the examination within one year.
To clear the Texas Real Estate Licensing exam, you will require to be knowledgeable about both national and state content, and know standard math calculations. You may also need effective Texas real estate exam assistance to score a minimum 50% to pass the exam.
Texas State Portion
Content for the state portion of the examination is similar for both broker and salesperson licensure. There are approximately thirty scored multiple choice questions or MCQs for salesperson and forty MCQs for brokers covering the topics mentioned below.
· Duties and power of commissioned positions
· Professional code of conduct and ethics
· Licensing obligations and maintenance
· Utilizing contracts and disclosure requirements
· Responsibilities and disclosures for agency/brokerage relationships
· Special topics regarding foreclosure, wills, homestead, HOAs and community property, among others
The national portion for both broker and salesperson exam includes 80 scored questions, 10% of which need mathematical calculations. Content areas for each examination are as follows:
· Broker Exam: Property ownership, restrictions, definitions, transfers, conditions, valuations and disclosures and management, seller/buyer relationships and contracts, brokerage operations, settlement and transaction financing and Federal regulations of the real estate transactions
· Salesperson Exam: Property ownership, restrictions, definitions, transfers, conditions, valuations, disclosure and management, buyer/seller contracts and relationships, risk management, buyer/seller contracts and relationships, and governing laws and legal business practice
For the national examination, it is helpful to remember primary computations, including the square foot of an acre (43,560) as well as how many feet in a mile (5,280). Additional calculations may include prorating prices and computing commission percentages.
California License Requirements
You have to meet the following requirements to be a licensed California real estate salesperson.
· You must be at least eighteen years of age.
· You must complete at least 135 credit hours of approved-college level real estate courses to include –
§ Real Estate Principles
§ Real Estate Practice
§ Real Estate Appraisal
§ Property Management
§ Real Estate Finance
§ Real Estate Economics
§ Legal Aspects of Real Estate
§ Real Estate Office Administration
§ General Accounting
§ Business Law
§ Mortgage Loan Brokering and Lending
§ Computer Applications in Real Estate
§ Common Interest Developments
· Additionally, you also need to sit of and clear the state’s real estate exam.
· You must have a proof of residency in the U.S.A.
· You must fulfill the basic educational qualifications, which include completing 3 real estate courses, as specified by the Department of Real Estate, either within 18 months of examination or before the examination.
· Upon clearing the exam, the applicant will obtain an application for licensure. Make sure to submit application with all the important things at the same time for quick processing i.e. fingerprints, background check, and submission of all the fees.