2024 is ready to welcome new entrants into the exciting world of real estate, especially in a state like Florida.
Florida’s dynamic market and rising popularity continue to attract investors and homebuyers from all over the country.
It is one of the hottest markets since the last few years and with a stable economy and steady demand for housing, the real industry is all set to grow even more this year.
Last year, the Florida real estate marketwitnessed an increase of ~36% in the total number of homes sold as compared to the previous year. Further, over the last 5 years, there has been an almost 80% increase in median home prices.
These trends and stats lead to one clear takeaway - now is a great time to start a career in the real estate industry of the Peach State.
There is a high demand for real estate professionals and the market has huge potential so you can easily build a thriving career in Florida.
But then it is necessary to learn more about how to pass the Florida real estate exam, obtain your real estate license in the state and launch your career.
Many beginner students and aspirants face common questions and doubts related to preparing for the state license exam.
We understand that starting a new career can be intimidating and overwhelming, which is why we have put together this in-depth article to help you get started.
Tips and Tricks to Crack the Real Estate Exam in the state of Florida
You can only get your license in Florida if you crack the Florida real estate exam that is conducted under the control of the Florida Real Estate Commission (FREC). It is the controlling body that sets down rules and regulations for the real estate industry in Florida.
The licensing exam in Florida is conducted over three hours within which time you must answer 100 MCQs and get at least 70 of them right to pass the test.
FREC will only permit you to sit for the exam after you apply for it, attaching proof of having completed your pre-licensing education and background verification check. After completing this process online from the website of the FREC, you can either take the exam inperson or online at one of the FREC-designated centers.
Importance of Passing the Florida Real Estate Exam
A lot of aspiring real estate agents and brokers have a common question - why is passing the Florida real estate exam is important for them? It is because the exam tests your knowledge and skillsets to handle the very competitive real estate industry and offer the best services to clients. This is why so much importance is given to the pre-licensing education so that you can be fully conversant about the intricacies of the real estate industry.
Post completing the education, applicants must take and complete the licensing exam.
In case you are wondering, failure to clear the exam will result in non-issuance of a license. However, if you do not clear the Florida real estate exam on the first attempt, you can re-appear for the exam.
You can take the exam at your convenience and preferred day or date by paying a one-time examination fee.
However, note that you will have to choose a state-approved Pearson VUE test center if you decide to appear for the exam inperson.
How Hard is the Real Estate Exam in Florida?
New applicants and beginner students are often intimidated by the sheer vastness of the coursework required.
It can be overwhelming for new students to go through multiple subjects and prepare themselves for the real estate exam.
For those wanting to become real estate agents, the first question that should cross their minds is how hard is the Florida real estate exam.
If you ask the majority of students, they will likely respond by saying that it is quite difficult. I
The answer is - it is not hard if you plan and prepare well. The key to acing any exam is to understand how it works and what it tests you on.
Keep on reading to learn more about the exam, its contents, and the key themes in detail next.
Overview of the Exam Content
The Florida real estate exam is a test of the skillsets and how much the examinees have acquired knowledge of the concepts related to this industry.
It is a closed book test and the total duration of the exam is 3.5 hours and you have to cover 100 questions in total.
To pass the exam, you must score at least 75% on the test and that means you will have to get at least 75 questions correct.
Below is a checklist list of the questions and content topics you can expect to tackle in the real estate license exam:
- Real Estate Business
- Real Estate Laws and Licenses
- Real Estate Contracts
- Federal and State Laws
- Real Estate Commission Rules
- Real Estate Brokerage and Procedures
- Real Estate Appraisal
- Authorized Relationships, Disclosures, and Duties
- Violations of Real Estate Laws, Penalties and Procedures
- Types of Mortgages
- Titles, Deeds, and Ownership Types
- Real Estate Financing
- Market and Industry Analysis
- Planning and Zoning
- Property rights
The real estate licensing exam consists of two sections - the state-specific portion and the national portion.
Factors Affecting Exam Difficulty
As a consensus, many students and aspirants consider the Florida licensing exam to be difficult.
And rightly so, as the Florida Real Estate Commission (FREC) has established a certain standard on purpose to ensure only deserving candidates get to become licensed real estate professionals.
Firstly, the level of exam difficulty depends on the level of your preparation.
Students who are thoroughly prepared with a solid grasp of the pre-licensing course topics are less likely to think of the exam as daunting or difficult.
On the other hand, if you are someone who has not understood the fundamentals of the industry or has skipped through the basic concepts, then you are likely to find the licensing exam challenging.
The second factor that can influence the exam’s difficulty is whether you are self-studying or learning from a college or online course provider.
It is found that students who enroll in real estate prep courses or college find the exam manageable.
By getting access to mock tests and practice questions, it becomes easier for students to prepare for the actual licensing exam.
Few Tips on Preparing for the Florida Real Estate Exam
Here are a few tips on how to pass the Florida real estate exam on the first attempt.
Obviously, the most important tip is to enrol in a high-quality pre-licensing course that has mock questions, in-depth coverage of real estate concepts, and the code of ethics,
Once you go through them, you will get the confidence to appear for the exam and crack it on the first attempt as you will be aware of what to expect on test day.
Preparing for the Real Estate Exam
Get to Know about the Structure and Content of the Exam
The first step of Florida real estate exam prep is to know about the format, the type of questions, and what languages are supported in the test.
Have a Study Plan for the Licensing Exam
Always create a study plan before starting on exam preparations so that you can pace your prep hours at your convenience. It will also prevent rush, stress, andburnout before the exam.
Go through the Course Key Points Before the Exam
Most courses provide flashcards that help you in last-minute preparations. Go through them as well as topics that you are weak in. This review and revision of exam topics will help you to be ready for the exam better.