5 Reasons People Fail the Real Estate Exam

Top 5 Reasons For Failing The Real Estate Exam In my more than 15 years preparing folks for the real estate licensing exam, I have pretty much seen it all. One of the wonderful things about what we get to do every day is meet people from all walks of life, all educational levels, with varying backgrounds and understanding of the real estate business as a whole. “Nothing worth doing is easy” - anonymous Due to this wide swath demographically, you also see many different “styles” of test preparation and study planning. For instance, you’ll see students who want to pass the exam and get their license so bad they will literally do whatever it takes (you should see my email inbox!). For many of these, effort and planning is not necessarily a problem. And then you have the habitual test taker, the time waster, the individual that I cannot for the life of me figure out what exactly it is they are trying to accomplish. If you don’t know, a real estate license exam is usually regulated by your [...]

5 Reasons People Fail the Real Estate Exam2023-04-03T12:29:26+00:00

Proration – 3 Easy Steps

Breaking Down Proration Welcome to episode 3 on proration of The #AskDonaldson Show, where we answer your questions about real estate in order to help you pass the real estate exam and succeed in furthering your career.  Whether you are studying for the National portion, looking to get licensed in Louisiana, or obtaining your license in Mississippi; if you have a question - we have the answer.  Our goal is your success! In this episode we answer the question of - calculating proration in a real estate transaction.  Of course, we understand when it comes to financial math problems that this can cause some stress to real estate agents, so we have created a simple 3 Step process for solving the problem of proration.     Donaldson 3 Steps to Solving Proration:  Count Days  Daily Rate  Days x Daily Rate   So, let's break this down a little more.  First, in counting the number of days, remember that as real estate professionals we use the banker's calendar.  In the financial world, regardless of the month - 30 days are used, which equates [...]

Proration – 3 Easy Steps2026-06-05T17:24:35+00:00

LREC Education Audit – What to Do if You Get a Letter

LREC education audit time can be a stressful experience as simply being accused of not completing your continuing education as prescribed by law can be very worrisome. Although sometimes it does happen, we hope this short guide will help you understand what to do in case you do find yourself with an LREC audit letter. What is an LREC Education Audit Letter?Each year by December 31 in Louisiana, all licensees must renew their real estate license and also comply with the license renewal requirements. One of the most important of the license renewal requirements in Louisiana is proper completion of the required continuing education. Even though you are supposed to complete the required 12 hours of continuing education before renewing your real estate license, it is possible to actually renew your license without having the proper continuing education completed. The LREC education audit is designed to catch any gaps in a licensee's education record to ensure they are in full compliance.The reason for this is that under the LREC's online renewal system, there is no requirement that you provide actual proof [...]

LREC Education Audit – What to Do if You Get a Letter2025-04-17T23:11:49+00:00

Real Estate Broker Course – All New

Real Estate 203 - Broker Responsibility Course Donaldson's real estate broker course is ALL NEW and updated for 2016. If you are looking to achieve a real estate broker's license, this is the course you need to take. For most state regulators, this course will serve as a part of the overall licensing requirement to become a real estate broker. (For Louisiana's full real estate broker course requirements click HERE). Remember, in order to be licensed as a real estate broker you will need experience first as a real estate salesperson. The LREC Changed the real estate broker course requirements effective January 1, 2016 If you wish to apply for a real estate broker's license in 2016 and beyond, your program must include a newly updated broker responsibility course which meets the LREC's new requirements. Donaldson's all new course was developed specifically for this requirement, and will satisfy educational requirements along with the rest of the 150 hours needed to apply for a broker's license. What you will learn in Donaldson's real estate broker course As a part of your [...]

Real Estate Broker Course – All New2023-04-03T12:29:29+00:00

How to Get a Real Estate License

Common Questions Answered About Getting a Real Estate License   Here at Donaldson Educational Services, we field thousands of inquiries each year on how to get a real estate license and the various options one might have in accomplishing that goal. In this post, we hope to answer a few of the most commonly asked questions to help guide you in the right direction as you make the important decision to move into the world of real estate! How Many Hours Do I Need? Various states have certain educational requirements, so we will use our home state of Louisiana as a guide. In Louisiana, you need 90 hours of pre-license education in order to qualify for a real estate license. Therefore, the first step for all real estate hopefuls is real estate school here at Donaldson! These 90 hours must be from a certified educational provider in Louisiana, and you will have to complete a real estate licensing program in order to receive a course certificate. You can read more information on the licensing process here What Are My Options [...]

How to Get a Real Estate License2023-04-03T12:29:30+00:00

License Prep Weekend

Real Estate License Prep Weekend To all of our real estate students who are fired up and ready to take their license exam, this weekend is usually the last major step before taking the test. Our license prep course is very popular and many students have pre-registered and are ready to go. For more information see the license prep page here

License Prep Weekend2023-04-03T12:29:30+00:00