SlideShare a Scribd company logo
1 of 20
The Real Estate School
P E N N SY LVA N I A
THE PEARSON VUE STATE EXAM
1
AN OVERVIEW OF THE EXAM
Salesperson Exam – 120 multiple choice questions (3½ hours)
2
National Portion
80 questions (2½ hours)
60 questions right = 75%
Pre-test Questions
5-10
AN OVERVIEW OF THE EXAM
Salesperson Exam – 120 multiple choice questions (3½ hours)
3
State Portion
40 questions (1 hour)
30 questions right = 75%
Pre-test Questions
5-10
WHAT’S ON THE EXAM?
4
CONTENT OUTLINE
Real Property Characteristics, Legal Descriptions, and Property Use – Real
property vs. personal property; characteristics of real property, legal
descriptions, public and private land-use controls - encumbrances
Forms of Ownership, Transfer, and Recording of Title – Ownership, estates,
rights, and interests; deed, title, transfer of title, and recording of title
Property Value and Appraisal – Concept of value; appraisal process, Methods of
estimating value and broker price opinions (BPO)
Real Estate Contracts and Agency – Types of contracts; required elements of a
valid contract; contract performance; sales contract; types of agency and
licensee-client relationships; creation and termination of agency; licensee
obligations to parties of a transaction
N
A
T
I
O
N
A
L
9
8
11
16
QUESTIONS
WHAT’S ON THE EXAM?
5
CONTENT OUTLINE
Real Estate Practice – Responsibilities of broker; brokerage agreements
between the broker and principal; fair housing; risk management
Property Disclosures and Environmental Issues – Property conditions and
environmental issues; disclosure obligations and liability
Financing and Settlement – Financing concepts and components; lender
requirements; federal financing regulations and regulatory bodies;
settlement and closing the transaction
Real Estate Math Calculations – Property area calculations; property
valuation; commission/compensation; loan financing costs; settlement and
closing costs; investment; property management calculations
N
A
T
I
O
N
A
L
14
8
7
7
QUESTIONS
WHAT’S ON THE EXAM?
6
Real Estate Commission (4 questions) – Duties and powers, complaints,
investigations, hearings, appeals, real estate recovery fund
Licensure (8 questions) – Activities requiring licensure, types of
licenses, eligibility for license, license renewal and reactivation, change
of employment, exclusions from licensure, suspension and revocation
Regulation of Conduct of Licensees (28 questions) – Advertising,
agency relationships, compensation, duties of licensees, prohibited
conduct, disclosures, documents, contracts, funds and accounts, PA
Human Relations Act
S
T
A
T
E
HOW DO I REGISTER FOR THE EXAM?
7
• Use the instructions in the Pearson Vue exam
booklet (copy will be provided)
• Register at https://pare.useclarus.com/
• Exam fee is $49
• Multiple test sites are located around the state.
The closest test site to LCAR is:
205 Granite Run Drive
Lancaster, PA 17601
ARRIVING AT THE EXAM SITE
8
• Two separate pieces of ID – one of them government issued with a photo
ARRIVING AT THE EXAM SITE
9
• There is secure storage at the site but you may want to leave personal items in
your vehicle
• Computers
• Cell phones
• Watches
• Recording devices
• Bulky/loose clothing
• Coats/jackets/vests
• Headgear not worn for
religious purposes
• Firearms/weapons
• Purses/wallets
• Writing devices
• Food/drink
• ‘Good Luck’ items
ARRIVING AT THE EXAM SITE
10
• People accompanying test taker must wait
outside
• Clothing may be checked for concealed
items
• Scratch paper is given – must be signed
and dated and turned in after the test
AN OVERVIEW OF THE EXAM
11
• Exam is taken on a computer
• Unlimited number of retakes
• If you PASS one portion and FAIL the other
portion, you only have to retake the portion you
didn’t pass
• Results received when you submit your exam
THERE IS NO SUCH THING AS A MAGIC PILL FOR THE STATE EXAM
12
SCHEDULING THE TEST
13
• The monster in your head
• Schedule the test; it is an
obstacle
• Once that is finished you can
concentrate on studying
• Refrain from thinking you will
study for the next two months –
YOU WON’T
ATTITUDE IS KEY
14
• What is the worst that will happen?
• A manager will never ask you how many
times you failed the exam
• A customer will never ask you how many
times you took the exam
THE DAY BEFORE THE TEST
15
• Get a good night’s rest –
resist pulling an ‘all-
nighter’
• Show up early - you will
be stressed out if you
are running late
TEST TAKING STRATEGIES
16
• Don’t watch the clock
• Slow down, pace yourself –
you will have plenty of time
TEST TAKING STRATEGIES
17
• Swim in the shallow end of the pool
– answer the easy questions first
• Eliminate answer(s) you know are
wrong
TEST TAKING STRATEGIES
18
• Now, go back and look at the questions you
skipped
• You will probably find clues in some questions
that relate to other questions
• The test measures judgement, reasoning and
factual knowledge
TEST TAKING STRATEGIES
19
• Read each question twice -
Don’t add anything to the
question, don’t make any
assumptions
• There are no trick questions –
just questions that aren’t read
REMEMBER TO BREATHE
20

More Related Content

Similar to LCAR RE Practice - The Pearson Vue State Exam

How Prepared Is Your Bank for an Appraisal Compliance Audit?
How Prepared Is Your Bank for an Appraisal Compliance Audit?How Prepared Is Your Bank for an Appraisal Compliance Audit?
How Prepared Is Your Bank for an Appraisal Compliance Audit?
EDR
 
Cordium's Annual Regulatory Forum full presentation 2014
Cordium's Annual Regulatory Forum full presentation 2014 Cordium's Annual Regulatory Forum full presentation 2014
Cordium's Annual Regulatory Forum full presentation 2014
Cordium
 
Asset management presentation at owea collections conference
Asset management presentation at owea collections conferenceAsset management presentation at owea collections conference
Asset management presentation at owea collections conference
stevendsanders
 

Similar to LCAR RE Practice - The Pearson Vue State Exam (20)

New Board Member Orientation - Regionals 2011
New Board Member Orientation - Regionals 2011New Board Member Orientation - Regionals 2011
New Board Member Orientation - Regionals 2011
 
Comprehensive Compliance for Environmental, Safety, Quality Requirements in C...
Comprehensive Compliance for Environmental, Safety, Quality Requirements in C...Comprehensive Compliance for Environmental, Safety, Quality Requirements in C...
Comprehensive Compliance for Environmental, Safety, Quality Requirements in C...
 
How Prepared Is Your Bank for an Appraisal Compliance Audit?
How Prepared Is Your Bank for an Appraisal Compliance Audit?How Prepared Is Your Bank for an Appraisal Compliance Audit?
How Prepared Is Your Bank for an Appraisal Compliance Audit?
 
LEED
LEEDLEED
LEED
 
My business processes are deviant! What should I do about it?
My business processes are deviant! What should I do about it?My business processes are deviant! What should I do about it?
My business processes are deviant! What should I do about it?
 
HRG RAC Survivor!
HRG RAC Survivor! HRG RAC Survivor!
HRG RAC Survivor!
 
Dealing with the IRS _ Audits
Dealing with the IRS _ AuditsDealing with the IRS _ Audits
Dealing with the IRS _ Audits
 
Valuation in India
Valuation in IndiaValuation in India
Valuation in India
 
Hr audit webinarv2
Hr audit webinarv2Hr audit webinarv2
Hr audit webinarv2
 
Selection Board Brief FY15-16
Selection Board Brief FY15-16Selection Board Brief FY15-16
Selection Board Brief FY15-16
 
Anton Muzhailo - Practical Test Process Improvement using ISTQB
Anton Muzhailo - Practical Test Process Improvement using ISTQBAnton Muzhailo - Practical Test Process Improvement using ISTQB
Anton Muzhailo - Practical Test Process Improvement using ISTQB
 
Knobbe Martens Webinar Series: Strategic Considerations in Controlling the Sp...
Knobbe Martens Webinar Series: Strategic Considerations in Controlling the Sp...Knobbe Martens Webinar Series: Strategic Considerations in Controlling the Sp...
Knobbe Martens Webinar Series: Strategic Considerations in Controlling the Sp...
 
Practical Approaches to ADA Compliance
Practical Approaches to ADA CompliancePractical Approaches to ADA Compliance
Practical Approaches to ADA Compliance
 
Cordium's Annual Regulatory Forum full presentation 2014
Cordium's Annual Regulatory Forum full presentation 2014 Cordium's Annual Regulatory Forum full presentation 2014
Cordium's Annual Regulatory Forum full presentation 2014
 
Getting The Contex Right: Using Simple SWOT Analysis to Address ISO 9001: 201...
Getting The Contex Right: Using Simple SWOT Analysis to Address ISO 9001: 201...Getting The Contex Right: Using Simple SWOT Analysis to Address ISO 9001: 201...
Getting The Contex Right: Using Simple SWOT Analysis to Address ISO 9001: 201...
 
Exception analytics - Balancing Risk & Control
Exception analytics - Balancing Risk & ControlException analytics - Balancing Risk & Control
Exception analytics - Balancing Risk & Control
 
IRS, DOL (and PBGC) Audits and Other Matters
IRS, DOL (and PBGC) Audits and Other MattersIRS, DOL (and PBGC) Audits and Other Matters
IRS, DOL (and PBGC) Audits and Other Matters
 
Asset management presentation at owea collections conference
Asset management presentation at owea collections conferenceAsset management presentation at owea collections conference
Asset management presentation at owea collections conference
 
How to become a CS | Changes in CS Course by Rounak Agrawal, CS (AIR-8)
How to become a CS | Changes in CS Course by Rounak Agrawal, CS (AIR-8)How to become a CS | Changes in CS Course by Rounak Agrawal, CS (AIR-8)
How to become a CS | Changes in CS Course by Rounak Agrawal, CS (AIR-8)
 
Nationwide Appraisal Network Third Party Compliance & Oversight Webinar Part I
Nationwide Appraisal Network Third Party Compliance & Oversight Webinar Part INationwide Appraisal Network Third Party Compliance & Oversight Webinar Part I
Nationwide Appraisal Network Third Party Compliance & Oversight Webinar Part I
 

Recently uploaded

farm land for sale near Tumkur | madhugiri
farm land for sale near Tumkur | madhugirifarm land for sale near Tumkur | madhugiri
farm land for sale near Tumkur | madhugiri
knox groups real estate
 
The Superior Living Batisehir - Listing Turkey
The Superior Living Batisehir - Listing TurkeyThe Superior Living Batisehir - Listing Turkey
The Superior Living Batisehir - Listing Turkey
Listing Turkey
 
Listing Turkey - 2024 - May Featured Portfolio
Listing Turkey - 2024 - May Featured PortfolioListing Turkey - 2024 - May Featured Portfolio
Listing Turkey - 2024 - May Featured Portfolio
Listing Turkey
 

Recently uploaded (20)

San Francisco Market Update -February 2024
San Francisco Market Update -February 2024San Francisco Market Update -February 2024
San Francisco Market Update -February 2024
 
Explore Dual Citizenship in Africa | Citizenship Benefits & Requirements
Explore Dual Citizenship in Africa | Citizenship Benefits & RequirementsExplore Dual Citizenship in Africa | Citizenship Benefits & Requirements
Explore Dual Citizenship in Africa | Citizenship Benefits & Requirements
 
Purvanchal Skyline Vista Noida Expressway Sector 94
Purvanchal Skyline Vista Noida Expressway Sector 94Purvanchal Skyline Vista Noida Expressway Sector 94
Purvanchal Skyline Vista Noida Expressway Sector 94
 
Investing in Dubai's Real Estate in 2024
Investing in Dubai's Real Estate in 2024Investing in Dubai's Real Estate in 2024
Investing in Dubai's Real Estate in 2024
 
Lodha Baner Flat In Pune E-Brochure.pdf
Lodha Baner  Flat In Pune  E-Brochure.pdfLodha Baner  Flat In Pune  E-Brochure.pdf
Lodha Baner Flat In Pune E-Brochure.pdf
 
Kohinoor Viva Pixel Dhanori Pune Brochure.pdf
Kohinoor Viva Pixel Dhanori Pune Brochure.pdfKohinoor Viva Pixel Dhanori Pune Brochure.pdf
Kohinoor Viva Pixel Dhanori Pune Brochure.pdf
 
farm land for sale near Tumkur | madhugiri
farm land for sale near Tumkur | madhugirifarm land for sale near Tumkur | madhugiri
farm land for sale near Tumkur | madhugiri
 
Improvise, Adapt, Overcome - Sales Meeting, May '24
Improvise, Adapt, Overcome - Sales Meeting, May '24Improvise, Adapt, Overcome - Sales Meeting, May '24
Improvise, Adapt, Overcome - Sales Meeting, May '24
 
The Superior Living Batisehir - Listing Turkey
The Superior Living Batisehir - Listing TurkeyThe Superior Living Batisehir - Listing Turkey
The Superior Living Batisehir - Listing Turkey
 
Edenic Parth Kiona Hinjewadi | A Return To Better Living
Edenic Parth Kiona Hinjewadi | A Return To Better LivingEdenic Parth Kiona Hinjewadi | A Return To Better Living
Edenic Parth Kiona Hinjewadi | A Return To Better Living
 
Lodha Baner Flat In Pune E-Brochure.pdf
Lodha Baner Flat In Pune  E-Brochure.pdfLodha Baner Flat In Pune  E-Brochure.pdf
Lodha Baner Flat In Pune E-Brochure.pdf
 
Kohinoor Greentastic At Kharadi, Pune - PDF.pdf
Kohinoor Greentastic At Kharadi, Pune - PDF.pdfKohinoor Greentastic At Kharadi, Pune - PDF.pdf
Kohinoor Greentastic At Kharadi, Pune - PDF.pdf
 
SVN Live 5.13.24 Weekly Property Broadcast
SVN Live 5.13.24 Weekly Property BroadcastSVN Live 5.13.24 Weekly Property Broadcast
SVN Live 5.13.24 Weekly Property Broadcast
 
Understanding the Dholera Price Trend An In-depth Analysis.pdf
Understanding the Dholera Price Trend An In-depth Analysis.pdfUnderstanding the Dholera Price Trend An In-depth Analysis.pdf
Understanding the Dholera Price Trend An In-depth Analysis.pdf
 
M3M Sector 72 Noida E-Brochure.pdf NEW.
M3M Sector 72 Noida  E-Brochure.pdf NEW.M3M Sector 72 Noida  E-Brochure.pdf NEW.
M3M Sector 72 Noida E-Brochure.pdf NEW.
 
The Wall Street Journal Weekend_Febrero 2024
The Wall Street Journal Weekend_Febrero 2024The Wall Street Journal Weekend_Febrero 2024
The Wall Street Journal Weekend_Febrero 2024
 
Are You Thinking About Buying a Home | KM Realty Group LLC
Are You Thinking About Buying a Home | KM Realty Group LLCAre You Thinking About Buying a Home | KM Realty Group LLC
Are You Thinking About Buying a Home | KM Realty Group LLC
 
MI NOVA 6+6 LED SURGICAL LIGHTS Morbros India
MI NOVA 6+6 LED SURGICAL LIGHTS Morbros IndiaMI NOVA 6+6 LED SURGICAL LIGHTS Morbros India
MI NOVA 6+6 LED SURGICAL LIGHTS Morbros India
 
Yashone Eternitee Mann-Hinjawadi Pune | E-Brochure
Yashone Eternitee Mann-Hinjawadi Pune | E-BrochureYashone Eternitee Mann-Hinjawadi Pune | E-Brochure
Yashone Eternitee Mann-Hinjawadi Pune | E-Brochure
 
Listing Turkey - 2024 - May Featured Portfolio
Listing Turkey - 2024 - May Featured PortfolioListing Turkey - 2024 - May Featured Portfolio
Listing Turkey - 2024 - May Featured Portfolio
 

LCAR RE Practice - The Pearson Vue State Exam

  • 1. The Real Estate School P E N N SY LVA N I A THE PEARSON VUE STATE EXAM 1
  • 2. AN OVERVIEW OF THE EXAM Salesperson Exam – 120 multiple choice questions (3½ hours) 2 National Portion 80 questions (2½ hours) 60 questions right = 75% Pre-test Questions 5-10
  • 3. AN OVERVIEW OF THE EXAM Salesperson Exam – 120 multiple choice questions (3½ hours) 3 State Portion 40 questions (1 hour) 30 questions right = 75% Pre-test Questions 5-10
  • 4. WHAT’S ON THE EXAM? 4 CONTENT OUTLINE Real Property Characteristics, Legal Descriptions, and Property Use – Real property vs. personal property; characteristics of real property, legal descriptions, public and private land-use controls - encumbrances Forms of Ownership, Transfer, and Recording of Title – Ownership, estates, rights, and interests; deed, title, transfer of title, and recording of title Property Value and Appraisal – Concept of value; appraisal process, Methods of estimating value and broker price opinions (BPO) Real Estate Contracts and Agency – Types of contracts; required elements of a valid contract; contract performance; sales contract; types of agency and licensee-client relationships; creation and termination of agency; licensee obligations to parties of a transaction N A T I O N A L 9 8 11 16 QUESTIONS
  • 5. WHAT’S ON THE EXAM? 5 CONTENT OUTLINE Real Estate Practice – Responsibilities of broker; brokerage agreements between the broker and principal; fair housing; risk management Property Disclosures and Environmental Issues – Property conditions and environmental issues; disclosure obligations and liability Financing and Settlement – Financing concepts and components; lender requirements; federal financing regulations and regulatory bodies; settlement and closing the transaction Real Estate Math Calculations – Property area calculations; property valuation; commission/compensation; loan financing costs; settlement and closing costs; investment; property management calculations N A T I O N A L 14 8 7 7 QUESTIONS
  • 6. WHAT’S ON THE EXAM? 6 Real Estate Commission (4 questions) – Duties and powers, complaints, investigations, hearings, appeals, real estate recovery fund Licensure (8 questions) – Activities requiring licensure, types of licenses, eligibility for license, license renewal and reactivation, change of employment, exclusions from licensure, suspension and revocation Regulation of Conduct of Licensees (28 questions) – Advertising, agency relationships, compensation, duties of licensees, prohibited conduct, disclosures, documents, contracts, funds and accounts, PA Human Relations Act S T A T E
  • 7. HOW DO I REGISTER FOR THE EXAM? 7 • Use the instructions in the Pearson Vue exam booklet (copy will be provided) • Register at https://pare.useclarus.com/ • Exam fee is $49 • Multiple test sites are located around the state. The closest test site to LCAR is: 205 Granite Run Drive Lancaster, PA 17601
  • 8. ARRIVING AT THE EXAM SITE 8 • Two separate pieces of ID – one of them government issued with a photo
  • 9. ARRIVING AT THE EXAM SITE 9 • There is secure storage at the site but you may want to leave personal items in your vehicle • Computers • Cell phones • Watches • Recording devices • Bulky/loose clothing • Coats/jackets/vests • Headgear not worn for religious purposes • Firearms/weapons • Purses/wallets • Writing devices • Food/drink • ‘Good Luck’ items
  • 10. ARRIVING AT THE EXAM SITE 10 • People accompanying test taker must wait outside • Clothing may be checked for concealed items • Scratch paper is given – must be signed and dated and turned in after the test
  • 11. AN OVERVIEW OF THE EXAM 11 • Exam is taken on a computer • Unlimited number of retakes • If you PASS one portion and FAIL the other portion, you only have to retake the portion you didn’t pass • Results received when you submit your exam
  • 12. THERE IS NO SUCH THING AS A MAGIC PILL FOR THE STATE EXAM 12
  • 13. SCHEDULING THE TEST 13 • The monster in your head • Schedule the test; it is an obstacle • Once that is finished you can concentrate on studying • Refrain from thinking you will study for the next two months – YOU WON’T
  • 14. ATTITUDE IS KEY 14 • What is the worst that will happen? • A manager will never ask you how many times you failed the exam • A customer will never ask you how many times you took the exam
  • 15. THE DAY BEFORE THE TEST 15 • Get a good night’s rest – resist pulling an ‘all- nighter’ • Show up early - you will be stressed out if you are running late
  • 16. TEST TAKING STRATEGIES 16 • Don’t watch the clock • Slow down, pace yourself – you will have plenty of time
  • 17. TEST TAKING STRATEGIES 17 • Swim in the shallow end of the pool – answer the easy questions first • Eliminate answer(s) you know are wrong
  • 18. TEST TAKING STRATEGIES 18 • Now, go back and look at the questions you skipped • You will probably find clues in some questions that relate to other questions • The test measures judgement, reasoning and factual knowledge
  • 19. TEST TAKING STRATEGIES 19 • Read each question twice - Don’t add anything to the question, don’t make any assumptions • There are no trick questions – just questions that aren’t read