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SITTING FOR THE CALIFORNIA REAL ESTATE EXAM

Getting ready to take the state exam and want to know what it’s like? You’re in luck. This article will walk you through the ins and outs of the California state real estate exam - so when it comes time to sit for the test, you won’t be caught off guard. The following goes over some of the most important components of the exam and how you should think about preparing for them.  

What the test covers
The California real estate exam will test your skill levels in reading, writing, spelling and math, making sure you are capable to succeed as a real estate agent. The test then dives deeper into your knowledge of real estate principles and practices. Areas covered here include: Property ownership, real estate laws, property valuation, financing, property transfers, real estate disclosures, contracts and more.  

Preparing for the exam
he California real estate exam is no walk in the park. Which means a good pre-license education is crucial. Schools like Allied Real Estate Schools offer an in-depth real estate education that helps prepare test takers to pass the exam the first time around. Make sure the school you choose is properly accredited and has up-to-date information. This will ensure you’re studying the correct materials and help you feel more comfortable while taking the exam.  

Taking the state exam
When it comes time to sit for your state test, make sure you know what to expect. Students are given three hours and fifteen minutes to complete the exam. Exams are traditionally offered in a multiple choice style format, filled in by hand. However, many facilities now offer an electronic version. Just like most tests there is no talking, no cheating, no use of cell phones and no outside notes permitted. In fact, any dishonest behavior during the test can result in an automatic failing grade and may affect your ability to sit for the test in the future.  

Materials allowed
What items are permitted for the state exam? During the test you will be provided with a test booklet, a basic calculator, an answer sheet and a scrap piece of paper. All paper used for scrap must be turned in to the instructor at the end.  

Types of questions
The test consists of 150 multiple-choice test questions which you will fill-in on a bubble answer sheet or electronic format. The questions on the test are not meant to trick test takers. Use what you’ve learned through your real estate education to answer the questions to the best of your knowledge.  

Get prepared!
As you can see, sitting for the California real estate exam isn’t going to be something you can breeze through with no preparation. It is highly recommended to take your real estate education seriously with a school that cares about the success of its students. So if you’re getting ready to take your state required pre-license education, talk to an Allied Real Estate Schools rep about getting it done the right way today. Allied is an industry-leader in real estate education and exam preparation, with some of the highest regarded exam preparation materials in the state. Call (800) 617-3513 to learn more today!

And if you’ve already completed your education and are getting ready to sit for the California state real estate exam… congratulations and good luck. We wish you all the best!

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In the wake of the housing crisis, major restrictions were put into place in order to stop the bleeding and halt any more risky loans from entering the market. Five years since the disaster and the country is still slowly recovering.

Now, in an effort to attract investors back into the mortgage lending arena, the U.S. government is ready to breathe life back into the real estate market by loosening restrictions. As a result, this will allow new qualified homebuyers, who have been sidelined under current restrictions, to now enter the market.

These new mortgage rules are being talked over by six of the main regulatory agencies, including Fannie Mae and Freddie Mac. These new rules will loosen government restrictions and allow loans to flow more freely again to qualified homebuyers which should attract more private investors to the industry – providing a spark to the market. Wells Fargo and several other big lenders have already lowered the credit score requirements to help jump start the process.

What does this mean for the real estate market?
This is major news for a real estate industry that has been struggling to get its legs back ever since 2008. With new lifeblood being pumped back into the market, the real estate industry should see a nice bump in home sales and jobs within the industry.

This is especially true for real estate agents, brokers and mortgage loan originators. These jobs dropped to record low numbers after the bottom fell out of the market. But now real estate agents, brokers and MLO’s can finally get excited to get back to work.

It’s estimated that the new regulations will add over 12.5 million borrowers to the lending pool according to a recent Moody report. With these new rules in place, more jobs should become available within the housing market - hopefully adding an underlying stability to the real estate industry once again.

Looking for a career in real estate? Get your real estate training online with Allied Real Estate Schools. Call 800.617.3513.

SOURCE: Furman, Jason. "White House: New policy will help home buyers." CNN Money. 5.21.14
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So you've decided you want to start a career in real estate and need to determine the right path. Choosing your career path is one of the most important decisions you have to make in life so make sure you do your research before jumping into anything. The past decade was a roller coaster ride of madness for home prices with record highs followed by bottoming out lows throughout most of the country. Things have finally started to stabilize and more people are looking to real estate once again as a safe way to make a living. If you’re curious about starting a real estate career, here’s a little crash course on the difference between brokers and agents – find out which position is right for you. 

The Difference Between A Real Estate Agent, Broker and Salesperson:
Real Estate Agent (Salesperson). The terms real estate agent and real estate salesperson are one in the same. Real estate agents are licensed salespersons who work for real estate brokers. Real estate agents are trained to help someone find a new home, sell a home or rent a property. According to the Bureau of Labor Statistics Real Estate Agents made an average wage of $18.82 an hour in 2012. But the ceiling can be limitless depending on how good the agent is – the top 10% of agents pulled in an average of over $45.00/hr in the field. 

Real Estate Broker. Real Estate Brokers are their own bosses. So if this is something that you strive for, working your way up to becoming a broker could be the right path for you. Brokers can also have real estate agents working for them as well, so having good people and management skills is a huge plus if you are going to succeed as a real estate broker. According to the Bureau of Labor Statistics, Real Estate Brokers made an hourly wage of $28.05 in 2012. The highest 10% of wage earners made over $85.00 an hour. So needless to say, brokers that are good at what they do make a comfortable living. And with the real estate industry starting an uptrend, now is as good as time as any to get in on the action. 

How To Become A Real Estate Broker Or Sales Agent
Back in the day you would have to attend a brick and mortar class at a local community college or real estate school to get your license. Today, you can just take all your pre-exam coursework online to prepare for the state exam! All states require you to take a certain number of hours before you can take the exam, so being able to fulfill this requirement online has become a great resource for prospective real estate agents and brokers. Furthermore, brokers have a new education requirement which calls for them to have a college degree.  To find out what your exact state education requirements are, talk to your state agency for complete details. 

There are a lot of schools out there that offer real estate courses online and in-class, make sure they are state approved and accredited before signing up for any classes. The great part about Allied Real Estate School, is that it is an accredited online real estate school. Speak to an admissions representative for more information on becoming a real estate salesperson or broker. Get started TODAY by calling (800) 617-3513.

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Texas is one of the fastest growing states in the nation. It’s one of the few states that handled the Great Recession without a major fallout. In fact, Texas’s population actually grew over the past decade due to fallout from other states.

One major benefit, and a big reason why many people are flocking to Texas, is because it’s a state without an income tax. This makes it really appealing to businesses and homebuyers alike. And being this country’s 2nd largest state, only behind Alaska, there’s plenty of room for growth.

According to the Bureau of Labor Statistics, the top 10% of real estate agents make over $95,000 a year. And, the top 10% of real estate brokers make over $176,000 a year.

Fast Growing Texas Cities In 2014
Texas has four of the top 20 fastest growing cities in the U.S. with Dallas, Houston, San Antonio and Austin area all hot spots in today’s market.

Austin has really blown up over the past decade and looks to keep expanding through the next one. There is a hip artsy feel around this booming community. Austin is a great area for singles and young couples that are looking for a fun and lively area to plant their feet. The bigger cities like Dallas and Houston are on pace for greater expansion in their metro and surrounding areas as well. There doesn’t seem to be a slow down anytime soon in this huge Texas market.

Texas State Requirements for Real Estate Licenses
To be eligible to apply for the real estate salesperson license, you must meet the following criteria:
·         Be at least 18 years of age
·         Be a legal resident of Texas
·         Be a U.S. citizen (or lawfully admitted alien)

Steps to Becoming a Texas Real Estate Agent
Before you can get your Texas real estate salesperson license, there are a number of actions you need to take. First, you will have to take the state requirements in education, which is currently 180 hours of core real estate courses. After that, you will submit copies of your class results and apply for your license. Next, you’ll submit your fingerprints and schedule an online appointment with Morpho to complete your background check.

Once you’ve taken these steps, it’s time to take the state exam. Good luck! Upon completion, you’ll have to find a sponsor in the field with an active broker license. This is where you will get the real-world experience you need to succeed as a real estate salesperson in Texas. Soon you’ll be on your way to working independently in these thriving Texas markets!

Get Your Texas Real Estate License
So whether you are just starting out in real estate or are looking to upgrade or renew your license, Allied Real Estate schools has what you need to prepare for the Texas state exam. Call Allied now at (800) 617-3513 to get started on your education requirements and be on your way to become a Texas real estate agent in The Lone Star State.

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Who doesn’t want the American dream of owning a home? Your potential clients do, but you have to first reach your own dream to help them. With the market rising and interest rates low, now is the time to begin the licensing process through Allied and get a head start on your future.

  • Start the licensing process for Real Estate, Broker, MLO or ALC.
  • Flexible online courses allow you to study on your own schedule.
  • Affordable tuition rates and interest-free payment plans put Allied’s real estate training into your hands without setting you back.
  • This is more than a New Year’s goal - the sooner you begin learning, the sooner you can begin earning.

Plus, you will have the 20-plus years of education experience, national accreditation, superior student and educational support, and exceptional admissions representatives that Allied offers to help you get started. You’ll never be more prepared for a new career than you are now – ask Allied today about how to begin real estate school. Even if you are already studying with Allied, why not refer a friend who would enjoy working in the real estate industry?

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As we have discussed over the past few months, times are good for real estate professionals and those looking to delve into the industry. Foreclosures are dropping, home prices are rising, and the career of a real estate agent was named as “Happiest Job in America” for 2013. But that’s not the only positive news for current and future real estate agents: you can add value to your real estate business through some additional online learning at Allied. Here’s where to start:

1. Home Inspection

Most homes are required to have a home inspection prior to being sold. As a real estate salesperson, you work with home inspectors to make this happen. But why not become a home inspector yourself? By earning your home inspection license, you would be qualified to both inspect and sell a home, thereby adding value to your offerings as a real estate professional.  Learn more about Allied’s Home Inspection Course.

2. Appraisal License

In addition to having your real estate license, you could earn an appraisal license to boost your career. As a real estate appraiser, you get to evaluate property, obtain land values from county sources, estimate building costs using building valuation manuals, and prepare written descriptions of the properties to make estimates of their value. Our Appraisal License Package meets all of the AQB education requirements and provides you with a solid background of the home appraisal field.

3. Property Management

Real estate designations increase value of a real estate license.Why stop at selling, inspecting, and appraising when you can manage an entire residential or commercial property? Allied’s Property Management Course prepares you to skillfully manage property. You will learn how to collect rent, arrange repairs, coordinate services for the property, manage accounting, and negotiate with tenants. Plus, you will also receive a one-year membership to the International Real Estate Institute (IREI) when you complete the program!

4. Notary Public

If you are on the lookout for an additional stream of income, look no further than becoming a Notary Public. In case you weren’t aware, Notary Publics evaluate and authenticate documents, including legal documents, divorce papers, wills, business agreements, and property deeds. It’s this latter category that is especially relevant to real estate professionals. The Notary Public Course at Allied is short (only 6 hours), simple, and no-brainer way to boost your career.

5. Real Estate Designations

As we have discussed before, we think real estate designations are a fantastic way for real estate professionals to truly set themselves apart. At Allied, we offer four career-enhancing designations, including Short Sale Specialist, Contract Forms Specialist, E-Networking Specialist, and Green Specialist. Better serve your real estate clients by earning a distinct designation today!

For more information about Allied’s online real estate courses, please give us a call at (800) 617-3513.

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Did you hear? We recently updated our comprehensive Exam Cram DVD! Used in conjunction with Allied Real Estate Schools’ Online Exam Prep Questions, the Exam Cram DVD with Workbook provides students with the confidence and knowledge that is needed to pass the California state licensing exam with ease.

Allied’s Exam Cram is an industry-leading exam prep product designed to benefit and support the online real estate student in pursuing their salesperson license or broker license. With our 20+ year history in online real estate license training, we think we have a pretty good grasp on what our students are in need of when it comes to their real estate education and future careers. The Exam Cram DVD with Workbook is proof of this.

WHAT IS IT?
California real estate students benefit from Allied's Exam Cram DVD.

Allied's California Real Estate Exam Cram DVD with Workbook tutorial is a review that helps prepare you for the California state licensing exam.  It is structured into chapters that contain information and practice questions to reinforce your real estate knowledge.  The DVD and Workbook tutorial are designed to be used together. When you take your Exam Cram tutorial, you should follow along in the workbook and take notes as the instructor goes through each topic.

WHAT IS IN IT?

The product includes four DVDs (a total of about 11 hours in length) and a workbook, divided into the following sections:

Getting Started: National

  • Chapter 1: Property, Estates, and Ownership
  • Chapter 2: Encumbrances and Transfer of Ownership
  • Chapter 3: Contracts: The Basics
  • Chapter 4: Agency Relationships
  • Chapter 5: Real Estate Contracts
  • Chapter 6: Disclosures in Real Estate
  • Chapter 7: Escrow and Closing
  • Chapter 8: Real Estate Finance: Loans
  • Chapter 9: Real Estate Finance: Lending Institutions
  • Chapter 10: Valuation and Appraisal
  • Chapter 11: Land Use, Subdivisions, and Housing
  • Chapter 12: Real Estate Brokerage
  • Chapter 13: Real Estate Specialization
  • MATH: Bonus Section

Getting Started: California

  • Includes the same Chapters as National, but applies to CA Real Estate.

GET A BETTER IDEA OF EXAM CRAM WITH THIS VIDEO


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For more information about Allied’s online real estate courses or the Exam Cram DVD, please give us a call at (800) 617-3513.

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According to a CNNMoney article, “sales of bank-owned properties last quarter hit their lowest level since early 2008, according to a new report.”

This is a positive sign that the real estate industry is getting healthier, and it’s an overall benefit to homeowners, local real estate markets, and real estate professionals. Here’s why:
  • With fewer foreclosures, home prices will increase.
    • Foreclosed homes “sell for about 30 percent less than the average home that is not in distress,” according to Daren Blomquist, VP of RealtyTrac, on WashingtonTimes.com
    • Foreclosed homes can negatively impact the price of non-foreclosed houses within the same neighborhood. Without as many, home prices in the neighborhood will likely rise.
  • Homeowners that want to sell have greater control over the price they want to sell at. Home prices are rising and the incentive for short sales is decreasing.
Real estate industry is improving due to the drop in foreclosures.

The CNNMoney article goes on to explain: “During the height of the foreclosure crisis in early 2009, 45% of all homes sold nationally were foreclosures.” According the RealtyTrac, that number was 21% in the first quarter of 2013, which is down from 25% a year ago.

At Allied, we certainly see this as another reason to start a career in real estate. But, overall, we’re just happy that the market is improving. It’s good for our local communities, businesses, and you. If you did want to hear a bit more about our online real estate program, you can start by checking out our real estate courses online.

And, as always, you can always give us a call at (800) 617-3513.

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