Don’t let your study world be consumed with reading and rushing, rather than concentrating. Reading comprehension is everything when it comes to exams. Here’s an example: The legal structure of a condominium is set out in the declaration and description, and typically consists of individually-owned units and common property held by unit owners in joint tenancy. […]
Important Study Rule: Don’t gloss over the glossary. Here are examples of common terms in the Real Estate as a Professional Career textbook glossary that cause trouble for some students: Agent and Principal Mortgagee and Mortgagor REALTOR® and Registrant Agency and Representation Mean, Median and Mode Market Price and Market Value Rentable Area and Useable Area Nominal and […]
Eliminate confusion about these online marketing techniques when studying for the OREA exam. Many students stumble over a Passit MCQ about push/pull technology (Real Estate as a Professional Career). It’s a straightforward concept discussed in the course text, but it seems to cause some problems. Here’s two summary points to help with your studies: An […]
60% of Passit users (for Real Estate as a Professional Career) incorrectly answer a Consumer Protection Act question on their first attempt. A probable cause is its complexity when it comes to real estate. Here’s four key points to remember: 1. The Act DOES APPLY (for real estate purposes) to service-related agreements; e.g., buyer and seller representation agreements. […]
It goes without saying that every mark on an OREA examination is important. Seventy-three or seventy-four marks is so close, and yet so far away. It’s one thing to miss marks because you forgot or didn’t know; but quite another if you hastily answered without reading answer options c-a-r-e-f-u-l-l-y. As an example, one Passit MCQ […]
The typical Real Estate as a Professional Career exam includes at least one question on closing adjustments. The number of days in a month may be needed to calculate the correct answer. Here’s a well-known rhyme to help remember the days in each month (not provided in the OREA exam): Thirty days hath September,April, June, and November;All […]
Frustrated by number crunching? Students currently studying for the Real Estate as a Professional Career exam will discover a helpful new Math Primer included in their Passit Guide. We created the Math Primer to assist students struggling with math fundamentals such as fractions, decimals and percentages. This new segment includes an explanatory document and 50 extra practice MCQs. While these questions […]
Exam developers assume that you have a solid working knowledge of agreements of purchase and sale studied in The Real Estate Transaction—General, when enrolling in The Commercial Real Estate Transaction. Therefore, we’ve added more than 40 MCQs directly focused on the Agreement of Purchase and Sale—Commercial (OREA Form 500). For many, these will be a review and […]
We’ve got exciting news! More MCQs have been added to Land, Structures and Real Estate Trading (LSRET) to ensure you have lots of practice opportunities and a greater variety of challenging, informative questions. These new MCQs have been automatically added to all active and new guides for Land, Structures and Real Estate Trading. The guide now includes an […]
The Passit Team is proud to announce the next study guide in the Passit series: Principles of Appraisal. This guide includes all of your favourites: 500+ MCQs, 300+ Rapid Recalls, challenging crossword puzzles and the Exam Simulator—a practice exam with 50 retired MCQs from OREA’s database. Appraisal math is an essential part of the course. That’s […]
