Heads up, aspiring real estate brokers: the licensure examination scheduled on July 31 has been moved to November 6, 2020. The Professional Regulation Commission (PRC) likewise announced the new schedule for the filing of online applications, which will run from August 6 to October 6. With a few more months until the test, you can take that time to prepare better.
Although there are no special rewards for top passers of the exam, it’s still worth aiming for the highest score, not for bragging rights, but for the mere reassurance that you are indeed ready for the career you’re embarking on. A high score will be a confirmation that you can provide the best advice to your future clients. That’s a more fulfilling reward than anything else, right?
The key to acing the exam is to be a smart reviewer and test-taker.
How to Be a Smarter Reviewer
While you may have studied already, these tips can help you be smarter in reviewing:
Allot timelines for each of the topics in the exam
The test has three components: General/Fundamentals, Special and Technical Knowledge, and Professional Practice. The topics under each section are quite heavy to tackle in just one sitting. The key to understanding concepts well is to give yourself ample time for studying. Since you’re months away from the exam, dedicate a month for each of the exam components, assigning topics for specific days. This way, you can also measure your progress and adjust when you’re slacking off. Remember, these are the topics that will be covered:
- Fundamentals of property ownership
- Code of ethics and responsibilities
- Legal requirements for real estate service
- Real estate laws and taxation
For Special and Technical Knowledge:
- Subdivision Development
- Condominium Concept and Other Types of Real Estate Holdings
- Legal Aspect of Sale, Mortgage, and Lease
- Documentation and Registration
For Professional Practice:
- Real Estate Brokerage Practice
- Real Estate Finance and Economics
- Urban and Land Use
- Planning and Development
- Basic Principles of Ecology
- Basic Appraisal for Real Estate Brokers
Give more study time for topics you’re not too familiar with
If laws and taxation are areas you struggle with and you can ace questions on subdivision development easily, then concentrate on the former to maximize your study time. In the same way, pay more attention to professional practice topics, since they have 50 percent weight on the test.
Answer a mock test
There are a lot available online. Take them with a timer. More than knowing which areas you need to work on, doing this exercise will help you be at ease with the ‘pressure’ of answering the questions.
How to Be Better at Taking Tests
There may be items in the test that you can’t remember or simply don’t know. In these instances, the skill of a good test-taker is crucial. While it won’t guarantee correct answers, these habits can help you increase your chance of getting it right:
- Look at all the answer options. Mock tests are recommended to prepare you for possible questions you might encounter in the actual exam. They will also help you familiarize yourself with keywords that might come up. Before choosing your answer, make sure you read all the options and look for the keywords you remember reading in your reviewer.
- Eliminate the wrong answers. While you don’t know the correct answer, there’s a good chance that you know what’s not. Or at the very least, you can try taking those options out. Even if you’re able to eliminate just one, you already raised the chance of getting the right answer.
- Avoid selecting answers that you’re not familiar with. Simply put, if you haven’t seen any of that in your reviewer, chances are, it’s not the correct answer. Beware of changing your answers as well, unless you’re very sure about it.
Finally, part of being a good test-taker is resting well. A rested mind is an alert mind. Don’t cram all your study efforts into the day before the test. It would also be good if you can be near the testing center so you won’t have to be stressed about traffic and getting late. Explore transient spaces around the exam venue.
The more that you’re at peace, the better you can perform on the test. Do your best to prepare for the exam, take each lesson to heart knowing that they will help you in your real estate career, and rest well the night before the scheduled exam.