As one of the ONLY Real Estate Training Schools in Southern California offering “LIVE” Classroom Pre-licensing classes as well as “LIVE” Exam Prep Crash courses for potential loan originators, I have meet a lot of people who have a difficult time passing the NMLS Exam.
An important piece of advice that I give someone who would like to pass the NMLS mortgage loan originator test is, “YOU must study smarter, not just harder!” — This means, you will need to develop a mindset and perspective about the MLO test – one that will help you to truly understand the test format and questions in a unique and helpful way!
Many test-takers go wrong by trying to memorize the materials without realizing, The SAFE test is designed to truly “test” your knowledge – not just your ability to memorize pages and pages of practice exams and answers. It’s for THAT reason the test is extremely hard! I repeat, memorization of the material – will NOT help you to pass!
Statistics show that the current pass rate for the exam is 61%. This means that almost 40% of the individuals who take the exam FAIL. That’s an alarming number of people not passing the exam! Statistics also indicate that event those who go back and take the exam a second time, have a pass rate of only 44%! YIKES!!!!!
If you have already taken the test – and would like to pass it for good – below are a few “proven” strategies which I give to help students to achieve the goal of passing the exam:
- Retake the Pre-licensing class
- Take a LIVE Exam Prep Course
- STOP relying on practice quizzes as your ONLY study method. Use a variety of study methods including reading, flashcards, audio recordings, etc. – things that can really help you to UNDERSTAND the material.
For more help, check out our schedule of courses! — where we will help you to pass this test for good!