- Each day you are studying, start writing out the math formulas as you would on the exam, so it will be instinctual on the exam.
- The exam- Real Estate is typically 20 – 25% math (there is an exam with 40% math), Mortgage is higher 30 – 35% (but may not be as well) SO this means, now spend 75% of your time studying on LAW!!! Practise the math for sure, but concentrate on the Law.
- Read over Chapters 1 & 2 again
- Go to the back of the ESG ( MSG for Mortgage Brokers) and now do ALL the questions for those chapters. What you don’t understand, look it up in the Real Smart Workbook, Online videos, the UBC book or Google it or email Real Smart for help.
- Print out a fresh copy of your Assignments and do them again for example day one do Assignment #1 which is chapters 1 & 2.
- Practise a lesson of Math, but write out all the formulas first.
The biggest thing is to not let anything go if you don’t understand it.
LAW – Cover up your answers. Read the question, formulate and answer. If you can’t then you don’t know it, so back to the books or online real smart videos and learn it. If you know what the question is asking, then uncover each answer, reading every word carefully…. then choose the right answer.
MATH – Read the answers! Often the clues in the answer. Look for the tricks
- Ask yourself: this answer is what I “HAVE” is this what I “Need”?
- I come out with a Nominal Interest rate in the math question, but do I change this to Periodic?
- Is the Interest rate in the question in its Nominal state or Periodic. Ex: 4% interest quarterly. Periodic: 4 x 4 = 16 so J4 = 16%
- Is there a Pmt in the question? If so, chances are you do not need to Convert T.