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Florida Real Estate Course Classroom vs Distance Learning

Nature Coast Real Estate SchoolShould you take the Florida Real Estate Licensing Course Online at your pace and schedule or should you take the course with Live Classroom Instruction?  Does the value of having a State Licensed Real Estate Instructor outweigh the effort involved in adjusting to a classroom schedule?

The Florida Bureau of Education and Testing for the Department of Business and Professional Regulation began tracking the pass rates for both formats in the Spring of 2013.  A total of 6,422 candidates responded to the question of how they completed the required education.  The results were separated into First Time Testers and Retakers of the State Exams for the period from April 1-June 4, 2013.

Of the First Time Testers who responded, 2076 received classroom instruction and 646 took the course online.  The Pass Rate for classroom attendees was 35% vs the online candidates’ pass rate of 51.9%.

For Retakers who responded, 2,541 received classroom instruction and 650 took the course online.  The Pass Rate for Classroom Attendees was 31.7% and for Online Candidates was 40.5%.

This was shocking to the Real Estate Instructors who attended the Continuing Education Seminar where this information was released. 

Some points to consider involving this information:

  • Not all students are suited to the online format, so those who did choose this option were comfortable with the self taught format of an online class.  This may not make them representative of the overall student body polled.
  • Without the advantage of an instructor to lecture and explain concepts, the online candidates may have a greater tendency to read the entire text very carefully, rather than rely on the instructor for information.
  • There is no evidence to determine whether any additional resources were utilized, such as an Exam Preparation and Review Course for either segment.

At Nature Coast Real Estate School, I caution the students to read each chapter in advance of the class to maximize the classroom experience, to read the entire text before attempting to sit for the State Licensing Exam, and to download and read the Candidates Information Booklet for Sales Associates prepared by the Department of Business and Professional Regulation.  The Florida Real Estate Exam Manual is a great resource for Candidates for both the Sales Associate and Broker Licenses, and is the manual used for Nature Coast Real Estates Weekend Exam Prep Course.

Read my Blog Post for Tips on How to Pass Your Real Estate Exam to maximize your chances of passing the State License Exam on the first try, no matter which format you choose to do your licensing course.  

Nature Coast Real Estate School offers Live Classroom Instruction for Sales Associate and Broker Courses and is conveniently located at the corner of County Line Road and US 19 to serve the Real Estate Licensing needs of Hernando and Pasco Counties.  You may call me at 352.650.1029 or email me at jmgavish@aol.com for more information regarding the licensing process.


Florida Accredited Real Estate School

Tips To Pass Your Florida Real Estate State License Exam

NCRESlogo (2)The greatest source of stress for Florida Real Estate Licensing Candidates is the fear that they will not pass the State Licensing Exam.  They have heard from those in the business that the exam is confusing, grueling, filled with trick questions and many anxiety raising stories of unsuccessful attempts to pass the exam.  

Many students have not seen the inside of a classroom for years or even decades, which adds to the feelings of inadequacy and apprehension.  If there is financial stress added to the mix of emotions it can truly heighten the pressure.  

However, while a little anxiety is normal and can drive one to prepare or even overprepare, too much stress and internal pressure can be counterproductive.  The toxic chemicals in the body can inhibit the rational brain’s functioning and cause failure.  

So how do you increase your chances of passing the exam on the first attempt?  Adequate preparation, a positive attitude, rest, and common sense go a long way.

Students who take the course online are pretty much on their own, having no instructor to explain or clarify points, or give real life examples for how to apply concepts.  Consequently, they tend to read everything in their text thoroughly and repeatedly.  The Bureau of Education and Testing of the DBPR has begun tracking test taking results for Online versus Classroom Students and the results favored the online students in pass rates.

Do not rely on your instructor’s lecture and your highlights as sole preparation for the exam.  Read the text thoroughly.  The Bureau of Education and Testing has a Candidates Information Booklet that was revised in August 2013 to include an Examination Content Overview and Outline (pg 3-5) that separates and gives weight to subject areas to study.  Download from the DBPR website and read carefully.  It gives links to the Statutes and Administrative Codes that are in the text and information and advice for passing the test (pg 9-11).

If there is an Exam Prep Course offered, usually available on weekends, attend the class but be prepared because they are fast paced and meant to be a review, not a teaching tool.  Nature Coast Real Estate School uses the Florida Real Estate Exam Manual for Sales Associates and Brokers published by Dearborn for the Exam Prep Class.  There are over 600 questions with answers and rationales and here is one of the greatest tools for passing….

MARK THE CORRECT ANSWER TO EACH QUESTION AS GIVEN IN THE TEXT.  STUDY THE QUESTION AND THE CORRECT ANSWER ONLY. Do NOT even look at the incorrect answers to the questions in the Exam Manual because if you do you are imprinting incorrect answers in your brain. If you try to “test” yourself” you may see multiple answers that “look familiar” when you are sitting in front of the test screen  at the State Exam site.  Study the question and correct answer only so that when you read the question, only the correct answer comes to mind.  You are then sufficiently prepared to attempt the State Exam.

Keep your test date a private matter so that you do not have to worry what others will think if you do not pass on your first attempt.  Make sure you arrive early to the test site so that you have have plenty of time to get processed and REMEMBER TO BRING YOUR COURSE COMPLETION CERTIFICATE TO THE EXAM SITE.  You cannot sit for the exam without it.

 Take the time to go through the Tutorial when you sit down to your computer.  It will not count against your time.  Read through the test and only answer the questions that you feel confident answering the first time.  Then go back after you have read each question once and make sure to budget your time.  The adrenaline levels will be reasonable by that time and you will realize that you know more than you anticipated.  You can skip questions or mark them for review.  Save the math for last, since you utilize a different part of the brain for math.  DO NOT second guess yourself and change answers when you are reviewing unless you are certain you misread the question the first time.

Nature Coast Real Estate School offers LIVE CLASSROOM INSTRUCTION for Pre and Post Licensing Classes for Sales Associates and Brokers, as well as Weekend Exam Prep Courses.  It is conveniently located to serve the Real Estate Licensing needs of Pasco and Hernando Counties in the UHL Plaza at the Pasco and Hernando Line on US 19. 

For more information on the location and class preparation, call Jeanne Gavish at 352-650-1029 or email me at jmgavish@aol.com.  


Florida Accredited Real Estate School

Spring Hill Real Estate Class at New Location

Nature Coast Real Estate SchoolNature Coast Real Estate School is excited to announce the opening of its new location at 78 Commercial Way in the UHL Plaza in Spring Hill.  Conveniently located at the corner of US 19 and County Line Rd at the Pasco County and Hernando County Line, the school will now be offering expanded class formats.

The October 21, 2013 class will be held at the new location, and will be offered Monday, Wednesday and Thursday evenings from 5:30-9:30 pm for 5 weeks.  The course manual is included in the fee.  Students need to bring two colored highlighters (one yellow, one your choice) to class as well as a calculator.  

Students are encouraged to register online at the school website if they need to pay by credit card or can register onsite the evening of class.  Call 352-650-1029 for details regarding onsite registration and available seating.

As part of growing pains, the new Web Host has not updated the website School Calendar.  See below for the 2014 Class Schedule:

February 24-March 7 Monday-Thursday 9-5

April 7-May 8 M,W,Th 5:30-9:30 pm

June 9-20 Monday-Thursday 9-5

July 14-Aug 14 8 M,W,Th 5:30-9:30 pm

Oct 20-Nov 20 8 M,W,Th 5:30-9:30 pm

December 1-12 Monday-Thursday 9-5

Nature Coast Real Estate School also periodically offers the Weekend State Exam Prep Course.  This is an intense, fast paced refresher course from 8am-5pm Saturday and Sunday. This is a great opportunity for Sales Associates and Broker Candidates, especially if there has been a time lapse since completing the Pre-Licensing Course. Currently scheduled for 2014:

December 14-15

March 29-30

May 17-18

July  5-6

August 30-31

September 27-28

December 27-28

If you have any questions about a career in real estate in Florida, please call or email me, or visit my website.  If you have any questions about the licensing process, the Division of Real Estate has a complete Candidate Information Booklet to guide you through the process of getting your license.  To apply for a real estate license in Florida, follow the link to the license application.


Florida Accredited Real Estate School

Tampa Bay Real Estate Broker Class January 6

Spring Hill FL Real Estate SchoolIf you are looking to take your Real Estate Career to the next level, increasing your knowledge and ability to earn more money in your profession, Nature Coast Real Estate School is offering a Broker Pre Licensing class on January 6, 2014.  The Florida Real Estate Broker State Licensing Exam underwent drastic changes this year.    The intent was to make sure that Broker Candidates have more real world knowledge of the business before qualifying to open their own brokerage firm.

The majority of Broker Candidates are interested more in the education and knowledge than opening a Brokerage Firm, and find that they enjoy enhanced credibility as a result of the upgrade of their license.  Some of the changes in the exam include:

FOR BROKERS:

  • Greater Emphasis on Brokerage Business.  This is to ensure that the Broker candidate has a grasp of the real world problems that they will be responsible for solving for themselves and their sales associates.  See a sample of what to expect by clicking the link as the emphasis has changed to cases related to Real Estate Transactions.  There are eight (8) points on case related questions.
  • No Closing Statement Worksheet. The obsolete Composite Closing Statement has been removed from the exam.
  • Familiarity with the new HUD-1 Settlement Statement.  Candidates need to be familiar with pages one and two, be able to read a case, interpret and perform basic calculations, and know where the figures should appear.  Some of the important figures and  calculations are:
  1. Prorations of Rent, Association Fees, Property Taxes
  2. Government Recording and Transfer Charges: Documentary Stamp Taxes on Deed and Note, Intangible Tax
  3. Sales Price
  4. Binder (Good Faith) Deposit
  5. Third Party Financing 
  6. Purchase Money Mortgage (Seller Financing) 

Settlement Statement
Sample Question
How much are the government transfer taxes for
Buyer and Seller and where is this information
placed on the HUD-1?
A. Seller $952; Buyer $204; Page Two
B. Seller $952; Buyer $748; Page One
C. Seller $1,190; Buyer $748; Page Two *
D. Seller $1,190; Buyer $748; Page One

Settlement Statement
Sample Question
How much is the Buyer’s new mortgage and
where is this information placed on the
settlement statement?
A. $136,000 Credit to Buyer; Page One*
B. $136,000 Debit to Buyer; Page Two
C. $158,100 Credit to Buyer; Page Two
D. $158,100 Credit to Seller; Page One

Settlement Statement
Sample Question
The binder deposit on the HUD-1 is
A. $11,900 Debit to Seller; Page One.
B. $11,900 Credit to Buyer; Page Two.
C. $ 3,000 Debit to Buyer; Page Two.
D. $ 3,000 Credit to Buyer; Page One*

Settlement Statement
Sample Question
Where is the sales price placed on the
settlement statement?
A. Page One, Debit to Seller only
B. Page One, Credit to Seller, Debit to Buyer*
C. Page One, Debit to Seller, Credit to Buyer
D. Page Two, Credit to Seller only

Candidates are strongly urged to download the Broker Candidate Information Booklet, effective July 25,2013 for more details.  The detailed content outline below will maximize the Candidate’s preparedness for the exam and maximize their chances for a successful outcome.

Content Outline
I. Real Estate Brokerage Business (43%)
II. Valuing Real Property (9%)
III. Listing and Selling Real Property (6%)
IV. Contracts (11%)
V. Financing (4%)
VI. Closing Transactions (12%)
VII. Federal Income Tax Laws (5%)
VIII. Investment (4%)
IX. Zoning and Planning (1%)
X. Environmental Issues (1%)
XI. Property Management (1%)
XII. The Real Estate Market (3%)

Don’t be surprised if you find that there are 103 questions on your exam rather than 100.  Effective September 13, 2013, there are pilot items that may be included in the test, but they do NOT count as an exam question on your final grade.  While this may be confusing, it is a method the Bureau of Testing is now using to see the effectiveness of their questions.

For more information on the location and class preparation, call Jeanne Gavish at 352-650-1029 or email me at jmgavish@aol.com.   I can also be found on Facebook and Linkedin.

Nature Coast Real Estate School is located at the corner of County Line Rd and US 19 at the UHL Plaza in Spring Hill Florida.  It serves the Real Estate licensing needs of Pasco County and Hernando County offering live classroom instruction.


Florida Accredited Real Estate School

Pasco/Hernando Real Estate License Exam Cram Course March 2014

Spring Hill FL Real Estate SchoolDue to an increase in student requests, Nature Coast Real Estate School is offering the Weekend Exam Cram Course on March 15-16, 2014 from 8-5, Saturday and Sunday.  The course will be offered at 78 Commercial Way, at the corner of US 19 and County Line Rd at the Pasco/Hernando County lines.  This is a schedule change for the March class and the website has been updated to reflect the new dates.

Taking a weekend Exam Cram course before you are scheduled to take your Real Estate Licensing Exam is a great way to increase your chances of passing the Real Estate Exam.

In order to prepare for maximizing the experience,  it is critical to be prepared!  We will be utilizing the FLORIDA REAL ESTATE EXAM MANUAL FOR SALES ASSOCIATES AND BROKERS from DEARBORN REAL ESTATE EDUCATION.

Be prepared by having all of the questions answered in the second half of the book as the pace of the course is brisk, and full of information.  For those of you who took your Sales Associate Pre-licensing course through Nature Coast Real Estate School, this will be a refresher course.  If you took your Pre Licensing course online or through another school, be prepared to learn new information.

The knowledge will be a boost to your confidence, and you will also have the opportunity to recapture some of the information you may have forgotten.

There will be discussion on test taking tips, anxiety quelling techniques, and plenty of discussion on content.  Check out my blog post on Passing your State Licence Exam.

This is an excellent Exam Cram Course for Florida Real Estate Broker Candidates as well, since much of the material on the Broker State Exam is found in the Real Estate Sales Associate Course.

The State stats have decreased significantly since the test was updated in Mid February 2013, and as a result the Bureau of Education and Testing has sent Providers such as  Nature Coast Real Estate School some tips to assist you in passing your exam.

In my previous post I forwarded on the key points the Bureau wanted to make sure you were prepared to see on the exam.  Last month we received a few new key points for you to study, which are listed below:

Kickbacks (or rebate) may be legal under the following circumstance:

Before the kickback or rebate is received, ALL parties (buyer and seller) must be aware of what a kickback or rebate is, whom it is going to and for what purpose.

 

  1. Unlicensed Assistants can perform many duties in a real estate office. Here is a link to a list of activities which was provided by FREC in 2009 that unlicensed assistants may perform:

http://www.myfloridalicense.com/dbpr/re/documents/Permissibleactivitiesrev092009.pdf

The following links will help candidates apply for a license, prepare for an examination and renew or maintain a license:

For more information on the location and class preparation, call Jeanne Gavish at 352-650-1029 or email me at jmgavish@aol.com.   I can also be found on Facebook and Linkedin.

Nature Coast Real Estate School has two locations to serves the Real Estate licensing needs of Pasco County and Hernando County offering live classroom instruction.


Florida Accredited Real Estate School

Renewing your Florida Real Estate License Online

NC_RE_SchoolEvery Florida Real Estate license has an expiration date of March 31 or September 30, regardless of the issue date.  This applies to Brokers and Sales Associates.

As renewal time approaches, the Florida Department of Business and Professional Regulation (DBPR) has compiled some tips to make the online renewal process go smoothly.

Establish your Online Account: This is a one time setup and is easy to accomplish.

  • Go to the DBPR website and look for the tab on the left “Licensee Login”.  This brings you to the DBPR Onine Services Main Menu page.  
  • Select “Create My Account” link below under “Create a New Online Profile” to complete your initial registration.  If you are not tech savvy there is a step by step tutorial you can follow.
  • MAKE SURE YOU DO THIS PRIOR TO THE LAST DAY OF RENEWAL.  YOU MAY RECEIVE DELAYS DUE TO THE HIGH VOLUME OF INDIVIDUALS ATTEMPTING TO RENEW ON THE LAST DAY.

Verify your Address: You are required to update your mailing address with the DBPR within 10 days of any change of address.  A renewal notice is sent to you well in advance of your renewal date.  If you did not receive it, the cause may be that the Department does not have your correct address on file.

Verify your Status: You can verify your license status (Active, Voluntary Inactive, Involuntary Inactive) using your Online Account and show the Brokerage with whom your license is being held.  If your information does not show the correct Broker/Employer, notify the Broker so that they can correct this by adding you through their online account.  This will add you in real time correcting the issue immediately.

Verify your Education Requirements:  Prior to renewing, you must complete the required education.

  • Initial renewal: Sales Associates must successfully complete the required 45 hour Post Licensing course before renewing their licenses.  Brokers must successfully complete the required 60 hours of Post Licensing.  The only exemption is a licensee with a 4 year degree in Real Estate.
  • Subsequent renewals: Sales Associates and Brokers must complete 14 hours of Continuing Education prior to renewing their licenses.
  • Involuntary Inactive Licenses: Licensees may have to compete a 28 hour reactivation course.  Contact the Department at 850-487-1395.  An Involuntary Inactive license automatically becomes Null and Void if this is not completed and renewal received by midnight of the expiration date (March 31 or September 30).
  • Hardship Request: This is available for Post Licensing education only.  If you have a hardship and need an extension you may submit a written request with supporting documentation to request an extension of your renewal.  You may mail the request to: Division of Real Estate-Licensing Section – 400 West Robinson Street, Ste N801 – Orlando Florida 32801. You may also fax to 407-317-7245 Attn: Licensing Section.  THERE ARE NO EXTENSIONS DUE TO CONTINUING EDUCATION OR REACTIVATION EDUCATION.

Renewals must be received no later than midnight Eastern Standard Time (March 31 or September 30).  If the expiration date falls on a holiday or weekend the renewal is extended to midnight the next business day.

If you would like more information on applying for a Florida Real Estate License or upcoming Real Estate Courses, visit my website or call 352-650-1029.

Nature Coast Real Estate School has begun offering Sales Associate & Broker Exam Prep course.  Please call 352-650-1029 for more information regarding upcoming classes. We are located four miles north of the Pasco County line in Spring Hill on US 19 and offer live classroom instruction.
Florida Accredited Real Estate School

Florida Real Estate License Exam Changes

NC_RE_SchoolThe Florida Real Estate Sales Associate State Licensing Exam was updated in February this year.  This had an immediate impact on the pass rate of Florida Real Estate Licensing Candidates.  In February, the pass rate for first time test takers fell below the 50% mark.

In March and April, the first time test takers pass rate fell below 40%, the lowest in the years since I have been receiving them.  When the Performance Summary was received by State Approved Licensing Schools, we received in the email a message from the Department of Business and Professional Regulation.  Based on their review of the Sales Associate examination performance, it was determined that Candidates would benefit from reviewing the following area prior to taking the state exam:

  • Escrow Deposits Florida Administrative Code 61J2-14.008 2(b)
  • Types of Mortgages familiarize, including Reverse Mortgages
  • Types of Agency Relationships FL Statute 475.278- Presumption of Transaction Brokerage and which relationships owe fiduciary duties
  • Types of Listings including Net Listings
  • Landlord Tenant Act Florida Statute 83 Part II
  • Advertising – Florida Administrative Code 61J2-10.025 Including Internet Advertising
  • Florida Statutes (475 Part I, 455, 120 & 720) and Administrative Rules (61J2)  Know what each one governs
  • Homeowner Association Disclosures Florida Statute 720
  • FHA & VA know which insures and which guarantees

The Department has always promoted reading the statutes referenced above, as well as reading the Candidates Information Booklet for Sales Associates  or Brokers as a prerequisite to taking the State Licensing Exam.  Both were updated May 2013 and have important information for Candidates.

If you would like more information on applying for a Florida Real Estate License or upcoming Real Estate Courses, visit my website or call 352-650-1029.

Nature Coast Real Estate School has begun offering Sales Associate & Broker Exam Prep course.  Please call 352-650-1029 for more information regarding upcoming classes. We are located at the Hernando/Pasco County line in Spring Hill in the UHL Plaza at County Line Rd and US 19 and offer live classroom instruction.
Florida Accredited Real Estate School

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