Monthly Archives: October 2016

Is a 100% pass rate possible?

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What would it take to get a 100% pass rate?

We say it here, day in and day out, the best way to pass the Florida Real Estate Licensing exam is to understand the material. Why don’t all students understand the material?

How about if you offered unlimited 1-on-1 private tutoring to every one of your students? That should do it right?

I know, this is impossible. Nobody has unlimited resources of time or money to make that happen. You don’t have enough hours in the day. You already offer private tutoring and not a lot of students take it. Even if you offered it for free, which makes no sense, there would still be students who wouldn’t take it. They were simply unmotivated to learn the material so that they could pass the exam. But is every student who doesn’t pass the state exam the first time they take it an unmotivated student?

Students have to invest time or money if they are going to understand the material. They need to have the desire to learn the material. Private tutoring is an option, but it’s expensive, as it should be. It costs a lot of your time, and that needs to be paid for.

The creator of the Khan Academy website has an interesting idea. He made a website full of videos covering topics that students need to learn from Kindergarten – University level. You can hear him talk about his ideas regarding how to teach for mastery here.

He talks about a lot of things, but what I find interesting is the idea of using technology to allow students to master the topic. Technology costs money, but, it does a great job of freeing up your time.

What if we used technology like it was a private tutor. Who would be the best person to tutor your students?

How many more of your students would pass if Khan Academy could use their technology to be like a private tutor for your students?

How many more of your students would pass if you could use our technology to be a private tutor to each of your students?

We’d love to help you. Give us a call today at 407-982-7940

True or False?

credit: <a href="https://www.flickr.com/photos/albertogp123/5843577306">albertogp123</a>
image credit: albertogp123

I just was looking at a seller’s closing package today. The seller was asked to certify the answers to the following questions, under the penalty of perjury.

  1. True or False: I owned and used the residence as my principal residence for periods aggregating two (2) years or more during the 5-year period ending on the date of the sale or exchange of the residence.
  2. True or False: I have not sold or exchanged another principal residence during the 2-year period ending on the date of the sale or exchange of the residence.
  3. True or False: I (or my spouse or former spouse, if I was married at any time during the period beginning after May 6, 1997, and ending today) have not used any portion of the residence for business or rental purposes after May 6, 1997
  4. True or False: At least one of the following three statements applies:
    1. The sale or exchange is of the entire residence for $250,000 or less.
    2. I am married, the sale or exchange is of the entire residence for $500,000 or less, and the gain of the sale or exchange of the entire residence is $250,000 or less
    3. I am married, the sale or exchange is of the entire residence for $500,000 or less, and
      1. I intend to file a joint return for the year of the sale or exchange,
      2. my spouse also used the residence as his or her principal residence for periods aggregating 2 years or more during the 5-year period ending on the date of the sale or exchange of the residence, and
      3. my spouse also has not sold or exchanged another principal residence during the 2-year period ending on the date of the sale or exchange of the principal residence.
  5. True or False: If my basis in the residence is determined by reference to the basis in the hands of a person who acquired the residence is an exchange to which section 1031 of the Internal Revenue Code applied, the exchange to which section 1031 applied occurred more than 5 (five) years prior to the date I sold or exchanged the residence.

Wow, just 5 True or False questions that an untrained, non-expert seller relies on his real estate agent to help him to answer correctly – under the penalty of perjury. I don’t think I’ve seen as many run-on sentences, double-negatives, ifs, ands, or buts in just 5 true or false questions in my life.

A real estate agent is not expected to be an expert on the law, taxes, whether the roof needs to be replaced, or any number of other topics. Yet, they need to know something, and they need to be able to read, because buyers and sellers rely on agents throughout the process of buying or selling their homes. Just another day in the life of a licensed real estate agent. Kind of makes those questions on the state exam look like a cake walk, doesn’t it?

Are your students understanding the material thoroughly and reading the questions carefully? Make sure they are, they’ll need it. Online classes can help. We can help you with putting together effective online classes. Give us a call at 407-982-7940. Your students will thank you.

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