To become a realtor you must take an IRem certified exam. If you do not pass your exam you can become an REO consultant. A consultant works for one of the two main firms that administer the examination. In this article we will look at the exam process, where to go for it and what kind of preparation is required.
Before taking any real estate exam, it is very important to have an understanding of the types of exams available. There are six types of exam: General, Projective, Structural, Real Estate Agents only, and Property Management Only. The six exam types are described below.
The General exam is given to a candidate who is seeking a career as a real estate agent. It is not required for becoming a realtor but many times a candidate taking this exam becomes a pro realtor at some point in their careers. This exam covers a variety of topics including how to properly represent a seller, and the proper documentation to be submitted when listing a property on a MLS.
The Projective exam is for realtors who want to become involved in the actual sale of real estate. This exam covers all areas of real estate dealing including marketing a property, preparing a selling plan, negotiating a contract, and more. The real estate market is very complex and it is important for an agent to know how to use the tools available to them. This exam requires candidates to use different types of analysis and presentation to make a compelling case for their clients.
The Structural exam is given to realtors who want to become involved in the design of a commercial property. This exam is often called a “design exam” because it requires candidates to learn about building construction and design processes. This exam requires candidates to think outside the box in order to create the best possible deal.
The Real Estate Agents only exam is a test designed to measure an agent’s knowledge about a specific realty, rather than the realtor’s abilities. A realtor must use the information found in the study guide of the exam and understand how to make a better sale.
A REO consultant exam is designed for people who want to become a consultant. These consultants work directly with properties that are being managed by other companies or are managing the development of properties.
The Real Estate Management Only Exam is for those individuals who want to be involved in the process of designing and building a property. This exam requires candidates to have basic knowledge of building construction and design principles. These people are not necessarily architects, but they need to know how to create an effective design.
The Project Manager exam is given to those who are responsible for developing a project. This exam requires candidates to master the ability to manage a project from beginning to end. The exam will also test the candidate’s ability to communicate effectively with the client and coordinate activities.
The property management exam is the final type of exam given to realtors to gauge their knowledge and skills concerning property management. This exam will require candidates to master the techniques of purchasing real estate properties, selling real estate properties, negotiating contracts, and the law. This exam is often referred to as a property manager exam because it requires the candidate to use the same tools used by an attorney.
A final exam is the property manager exam that is not given to realtors to determine their knowledge and skills in managing a project. The property manager exam tests a property manager’s ability to handle a real estate project.
