The WV Real Estate Commission updated their fees!

WV Real Estate Commission updated fees
Updated fee’s for your WV REAL ESTATE LICENSE

You might find it hard to get excited over fees placed by the WV Real Estate Commission so I’ll keep my excitement level to the least annoying level here. There is a need to point out the changes though. PSI might test on them on the state specific portion of the exam. Which could mean you passing or failing your WV real estate license exam. We can apply it to real life too! If you already passed your WV real estate license exam, well, there are fees to be paid annually. Remember the fiscal year stuff? Yep. See?

Ok, so here’s the scoop.

The fee’s I feel are the most important to a future WV Real Estate Licensee are…

  • The State Application Fee is $25(INCLUDE this with the salesperson application. Make the check payable to the West Virginia Real Estate Commission.)
  • WV Real Estate Commission fees for the new real estate licenseeThe EXAM FEE can vary. PSI is currently charging $96 but that CAN change at any time as they’re a third party and can decide their fee at any time. Law DOES regulate that they can NOT charge over $150. This money does NOT go to the WVREC. It is paid to the test provider.
  • To activate your license is going to cost $75 and is due to the WVREC AFTER passing the state exam to activate your real estate license
  • The salesperson renewal license fee is $75 and is due to the WVREC every fiscal year. If you need help understanding what a fiscal year is I published a video on it that can be found here https://sprucerealestateschool.com/blog/wv-real-estate-license-continuing-ed-when-its-needed/ !

Now the larger list if you’re curious of specific changes that the WV Real Estate Commission has implemented

  • The Salespersons Application Fee will stay the same at $25
  • The Exam Fee will stay the same at “up to $150”. It’s worth note that PSI currently charges $96 so pay attention that this amount reads “up to” and that NONE of this amount goes to the West Virginia Real Estate Commission.
  • The initial Broker and Associate Broker License Fee remains at $150
  • The initial Salesperson License Fee remains at $75
  • The Branch Office fee will remain at $150
  • All license renewal fees are the same.
  • Changing your employing broker HAS INCREASED to $20 from $10
  • Getting a duplicate license is the same amount of $10
  • Certificate of Licensure has increased to $20 from $10
  • Change of personal info has increased to $20 from $10
  • Change of office address has increased to $20 from $10
  • Change of Company Name has increased to $20 from $10
  • Late Renewal Fees have increased in a variety of ways July – September is now a $50 late fee rather than $10. September – December is now $75 rather than $50 and January – June 15th is the same at $100. After that you lose your license, kids!

The other fees implemented by the WV Real Estate Commission are primarily for educators so for the sake of keeping it real, I’m gonna leave those fees out as most of you are simply concerned about your own individual real estate license.

If you would like to see ALL of the fees directly at the West Virginia Real Estate Commissions site  you can find that here https://rec.wv.gov/License-Info/Pages/Fee-Schedule.aspx

Real Estate Math Walk-Through Part 1 to help you get that WV Real Estate License

There are a few real estate math topics in your real estate license textbook that are very hard to make sense of

At Spruce School of Real Estate we have forums dedicated to JUST explaining real estate math and the instructor takes requests for more! Here’s a taste of what we produce to show you how we can take a math concept that’s seemingly impossible and by the end of the walk-through I’m fairly certain it will make sense. Spruce is all about high quality, clear explanations, of otherwise difficult real estate exam content. No gimmicks, just clear, concise real estate classes that anyone can understand.

Ok, so the question reads

How many acres are contained in the tract described as “beginning at the NW corner of the SW 1/4, then south along the west line to the SW corner of the section, then east along the south line of the section 2,640 feet, more or less, to the SE corner of the said SW 1/4, then in a straight line to the POB”?

And the answers they give are

  1. 80 acres
  2. 90 acres
  3. 100 acres
  4. 160 acres

First thoughts of mine are “are they trying to kill me with this!?”

But in reality this question really is quizzing us on what we understand about a section… in a LOT of detail. And believe it or not you DO actually know how to do this once we decipher their wording.

Spruce can help

You know a section is a square mile correct? Yes. So it’s a mile up and down, and a mile, left and right… which creates a square mile. You know that a linear mile is 5,280 feet (because you listened to me in class and you have the memory tip for that from your online real estate license class) … so one way it is 5,280 feet and the other way it is ALSO 5,280 feet. So, lets draw that out

When we draw it out we can basically just draw a square. We know that each side is 5,280 feet long. Now the confusing thing about the square isn’t that terribly confusing as long as you know north south east and west. The square is first divided into those portions.

The top right is North East ¼

The bottom right is south east ¼

The top left is North West ¼

And the bottom left is South West ¼

Say it in English!

Looking at the question we can pull from the cryptic wording that they’re interested in the South West portion so let’s make this easier now that we know WHERE the SW portion is and ONLY work within that area.

Now that we’re working JUST in that area we can now break THAT square up into regions using the same logic of north, south, east and west… so let’s draw that out to help illustrate it in your mind

We’ll start with the NW ¼

… and you see how the North West Quarter of the South West Quarter now makes sense and doesn’t make you cry? Yes, me too 😊. SO lets run with that and we’ll add the other three. We now can easily add the North East Quarter of the South West Quarter. Now the South West Quarter of the South West Quarter. And lastly the South East Quarter of the South West Quarter.

NOW, let’s look at the question and sort out where they want this “map” to happen. They say they want the map to begin at “NW corner of the SW ¼” sooooooo, we’re working IN the SW ¼ and we want to put a marker in the NW CORNER.

Then the question states to “go south along the west line to the SW corner of the section”. So where’s the SW corner of this section? It’s simply the bottom left. So, lets place another marker there. Now for point 3 it says to “go east along the south line of the section 2,640 feet, more or less, to the SE corner of the said SW 1/4,”

Huh?

Now, 90% of that is cryptic gibberish because we KNOW that a section is 5,280 feet long (in its entirety) and they want us to go HALF that at 2,640 feet to the right (seeing that they want us to go east… SOOOOO, place a marker half way across the section (which is 2,640 feet and places the marker here).

It’s a Triangle, it’s Connect the Dots! Do NOT Fear!

Now they say “in a straight line” go back to the point of beginning… which is easy… ITS CONNECT THE DOTS!!!! Let’s connect the remaining dots and this is the area they actually want to know how many acres it is!

So, why has FEAR all of a sudden crept into your brain? Because it’s a TRIANGLE BILLY!!!! But honestly this triangle thing is worth noting because I’ve heard of people seeing more and more on PSI (the testing facility that administers your WV Real Estate Exam) where they want you to calculate square footage within a triangle. So, let’s calm your fears

What is a triangle? Its half a square, is it not? Yes, and can you calculate square footage of a square? Yes, you can, so you can actually calculate the square footage of a triangle (half of a square) by simply calculating the square footage like it WAS A SQUARE and then dividing that in half! Wham, brain explosion stopped.

Real Estate Math Clearly Explained

So, using our memory tips

We know that the linear feet of the section is a mile, 5,280 feet… Look at the grid… are we using the whole mile? No, we’re using HALF OF IT so we are using 2,640 feet in the math and now doing what I just said above we can calculate the square footage like we would with a square but then divide that in two to get the triangles square footage sooooo

2,640 x 2,640 = 6,969,600 square feet (IF it was a square)

But it’s a triangle , which we know is half of a square, so divide by two

6,969,600/2= 3, 484,800

And we now know that THAT triangle has 3,484,800 square feet in it. BUT GEEEESH, WHAT DO WE DO WITH THAT NUMBER!!!! Well, we need one very important memory number. Remember the 43,560 memory tip, which is the square feet in an acre…. REMEMBER? Sure you do… Well that’s how many square feet are in ONE acre… so we can use that to figure this out

We have 3,484,800 square feet in our triangle so let’s take that number and divide it by 43,560

3,484,800/43,560

WAAAAAAAL AAAAAAA we get 80

There are 80 acres in that triangle.

What Did We Really Need to Know?

…to answer that super messed up hard question?

  • We needed to know what a section was in a very deep way.
  • We needed to remember our memory numbers 5280 and 43560 (which like in the course I stressed were very important for a multitude of application)
  • We needed to know the basics of a compass (N,S, E, and W)
Compass
A section can be broken down into the basics of a compasses direction.

Now I realize the wording of that was a BEAST but isn’t it amazing what we DO know, if we can just apply it? If you’re considering getting a WV real estate license look no further than Spruce School of Real Estate. We are as professional as the national corporations BUT with the added benefit of it being a small business, able to be there for you, answer questions when you need, without waiting on hold. Spruce School of Real Estate has offered pre-licensing courses so you can get your WV Real Estate License for 28 years now! No Gimmicks, just clear explanation and presentation. Whether it’s real estate math or real estate terms Spruce is the absolute best online real estate class in all 50 states, offered to you in WV simply because we live here! Sign up now by clicking the “sign up button” https://sprucerealestateschool.com/index.html

If real estate licenses expire June 30th and I test NOW, when do I need continuing education?

WV Real Estate License Continuing Education and When a New Licensee Needs it.

It’s that time of the year again when anyone who holds a WV Real Estate License needs their 7-hour continuing education. So when is the first 7-hour continuing ed needed?  Let’s look at how that relates to YOU completing the 90-hour pre-sales WV licensing class. We’ll also see when you test with PSI and how that affects this requirement… To make this easier I thought I’d make a video to help explain away the confusion.

 The Fiscal Year and What That is.

Ok, everyone who takes the course KNOWS that the year that licensing goes by is NOT like a calendar year, RIGHT!? RIGHT!!!  So we ALL know that the WV real estate licensing year starts July 1 and ENDS June 30th.

We also KNOW that every FISCAL year (July 1- June 30th)  you need to do 7 hours of continuing education to maintain an active license… BUT you also know that there is ONE MAGICAL FISCAL YEAR (key word here is “fiscal”, and why this gets confusing sometimes) that you do NOT have to do 7 hours of continuing education to keep an active WV Real Estate License.

One Magical Year Continuing Education is Not Needed
One Magical Year Continuing Education is Not Needed

Now, when is this wonderful, magical time? Well, this happens ONLY ONE TIME and is the FIRST FISCAL YEAR based on when you get licensed…

So when do you get licensed? Well, ask yourself that 🙂

This means that if you pass PSI’s real estate licensing exam BEFORE June 30th, 2018, you will need to get 7 hours of continuing education anytime between   July 1, 2018, and June 30th of 2019.

When did you pass?

IF you pass PSI’s licensing exam  AFTER July 1st, 2018 then you will need to get 7 hours of continuing education by June 30th of 2020.

So let me say it another way. IF you test before June 30th your deadline for completing your continuing education is ALL THE WAY IN 2019!

IF you test  AFTER July 1st your deadline for continuing education is  ALL THE WAY IN 2020

Those are the ONLY TWO SCENARIOS!!!  Kind of simple when you think of it that way, right!?

RIGHT!!!!

To enroll in Spruce School of Real Estates 90 Pre Licensing Online Sales Course make sure to visit https://sprucerealestateschool.com or check in at the WV Licensing authority you can always visit the WV Real Estate Commissions website here https://rec.wv.gov/Pages/default.aspx

Study for PSI and the WV Real Estate License Exam

The following is a transcript of the below posted video on how to go about studying for the WV Real Estate License Exam. Most of us LOVE videos so if you want the polished version, with pictures, cartoons, and music simply click play and watch the video. However, If you want to read it, feel free to continue reading through the blog post!

STUDY TIPS – Spruce School of Real Estate from Billy Zwiener on Vimeo.

How to properly study for the WV Real Estate License Exam provided by PSI/GoAMP

So perhaps you’re confused when you hear me say to study but NOT to memorize the questions” because you won’t see them worded like that ever again on the WV Real Estate License Exam” So I thought I’d make a brief study tips video.

Q-“So, what’s the point of your questions?”

A- The point of the questions is they illustrate concepts that you should have learned in the unit’s material preparing for the WV Real Estate License Exam.

Q-“Why don’t you change your questions?”

A- Well we do change our questions, but is that ever going to keep up with PSI’s precise wordings that they will have on the WV Real Estate License Exam? No. And let me show you why…

This is a PSI Question Bank illustration to hopefully show you the magnitude of what you’re up against and develop a game plan for when you take take the WV Real Estate License Exam. Just like you can place money in a bank, PSI places questions in a bank.The testing center places tens of thousands of questions into a question bank and randomizes them so that you will literally have NO IDEA the questions that they will ask

Now when you show up at the testing center to take your WV Real Estate License Exam, will you EVER see ALL of these otherwise hidden questions in their banks? NO. But you WILL see 150 of them, the problem is you will NEVER know where those 150 questions are pulled from. So, is memorizing 100,000 random questions you find in this course and online practical? No, and it’s impossible. But YOU CAN LEARN the course content so that it can be applied to the randomness that will absolutely be coming at you at these testing center

PSI/GoAMP
At Spruce School of Real Estate you CAN find the foundation required to get through this.

There are NO shortcuts with PSI/GoAMP

There is no question bank set you can learn from anywhere that will give you the exact questions you will see from PSI on their version of the WV Real Estate License Exam… and it’s a waste of time because instead of memorizing wordings for 30,000 questions you could of just learned some important foundation of this stuff.

Q-“Why are questions still important regardless of them not being exact?”

A- Because they illustrate the way it plays out. You wouldn’t want to JUST study content and never see a question!?

You should know every answer and why it’s wrong or right. Seriously… that’s the first step of understanding and knowing you’re not memorizing simply a right order or letter C, etc. you need to be able to comprehend the terms they’re using on the WV Real Estate License Exam to throw you off. So, knowing the wrong answers and why they’re wrong is JUST AS IMPORTANT as why an answer is right. Let me show you what I mean…

According to law, a trade fixture is usually treated as

  1. a fixture.
  2. an easement.
  3. personalty.
  4. a license.

Now the answer is personalty but even if you don’t know that yet, follow my logic here-  what other key concepts can be illustrated by this “simple” question… at SOME POINT YOU SHOULD KNOW

trade Fixture, Fixture, Easement, License, (and Personalty)

so, in total 5 massive concepts are illustrated here…

and you should KNOW each one. That’s right… you don’t ONLY need to know the right answers, you need to know the wrong answers enough that you understand why they’re wrong, and you need to be able to do that for every question in the course.

Now don’t get so disheartened at first. These concepts are learned over time as the course progresses (baby steps) so if you don’t know EVERY right and wrong answer at first, be persistent, wait until later when you are learning other terms and other concepts in the course and then look back at older questions, THEY SHOULD BE COMING TOGETHER AT SOME POINT and you should be able to read why wrong answers are wrong.

If you find yourself always going to the correct answer for no reason except for memorization, take a breath and look at the wrong answers and mentally go over WHY they’re wrong and what they are. There is a ton of knowledge in the wrong answers and at the testing centers when you go to take your WV Real Estate License Exam and they throw anything at you, these questions actually helped you learn something.

Now all the future questions that you’ve never seen before can contain concepts you know.

Let me show you a glimpse into reality here…

Here’s a review that we’ve got. I’m not going to read it word for word but I wanted to point out a few of the big things that are written in it. One, the student says that he didn’t see any of our questions on the PSI test. Am I sweating that, No. Why? Because he also goes on to give our online course a five-star review for the quality of the course and he goes on to say that he did pass PSI on his first attempt. Why?… He gets what I am outlining here on the way to pass the WV Real Estate License Exam. This is one reason that I’m a huge advocate of the terminology in the course. So how do you conquer the terminology?

Well you could

1) make notecards
2) buy notecards
3) use apps that are virtual notecards

You’re learning Real Estate Language for this test

Did you ever take Spanish in high school? How did you learn the language? Well guess what? You’re learning real estate language here and it can be twisted and manipulated in many many ways so you must take advantage of the terminology. Now you want some tips for note-cards?

Let me show you this. The number one rule for this massive amount of content is to pace yourself. Personally, I feel that 20 note cards a day is a manageable stack. It doesn’t make me feel too overwhelmed. As you go over your 20 cards. Separate the ones you understand from the ones you don’t understand and then go back over the stack that you didn’t quite get.

You can then shift that pile you didn’t understand into the pile you did and call it a day. In a month. You’ve covered 600 cards. If you rush this it’s easy to become overwhelmed. If you pace yourself you’ll find that it is able to be done and at end of a month you’ll be pleasantly surprised that the stack of cards that you know.

OK, so hopefully this helps a little with your plan. Do the course as outlined in your timeline. Do the activities. On the side, be learning your 20 note cards each day. I realize it’s not easy. The content is sometimes dry, but you know what? It’s online! Pause it, take a break, come back when you feel fresh! No one said you had to do it in a week! That’s why you’re enrolled for a year from the day you sign up!!!!

Good luck. If you need me. Text me, jump into the chat-room, email me, call me. It’s frightening how available I am to answer questions! Have at it! Login to the academic site at https://spruceschoolofrealestate.com

I heard the entire WV Real Estate License Exam has changed!?!?!? No! 2017

 

Hey everybody, It’s Billy from Spruce School of Real Estate. I thought I’d make a really short two-minute little news cast/ blog post because there’s a lot of questions, a lot of fear going on about, “Oh, did they change the WV Real Estate License Exam?” Because everyone has heard that PSI is now handling the testing so you can now test locally at testing centers. So allow me to address that question about the changes:

Did they change the test?

Quick answer, and it’s simple… No.

But here’s the fear going around, “Oh my gosh, they changed the whole test!!!!” My announcement here is the content of the test has NOT changed. The content of the test is what we teach you in the Spruce real estate online class. They’re not asking you questions on cooking and computer science secretly tossed in. They’re asking you questions on… get this, the content of the real estate course! Did the test content change? Absolutely NOT. What you learned and are learning from Spruce School of Real

Spruce easies your worries on the WV Real Estate Exam
What has changed???

Estate is absolutely great. In fact it continues to be absolutely essential to have taken the Spruce Online Real Estate Class so you CAN pass the WV Real Estate License Exam.

Now, what did they change?

The WVREC and PSI has changed the way they present the test. There are no longer 200 questions. There is now only 150 questions. So where are these 150 questions coming from? Well, those 150 questions are pulled from both national real estate licensing and state licensing questions and separated into two sections. The two sections are divided into 100 national questions and 50 state questions. The state portion will have material asked specifically about West Virginia Real Estate law. Both sections require you to pass with a grade of 75% or better. Now, again, don’t freak out. Did you learn the state information in the class? Yes, you did. That is the red book that we went over in the unit nine content. Unit nine and the red book is the state portion. Did you learn the national portion? YES, you did! That was everything else 😉

What I feel is kind of big deal

Now, what I feel is kind of big deal is the fact that they are pulling 50 questions for the WV Real Estate License exam out of that ONE area. That’s a lot of questions to pull out of that small amount of information. Guess what you can do? Rejoice that you took your class from a LOCAL TO WV SCHOOL AND NOT A NATIONAL COMPANY who mass produces courses and doesn’t care about their students!!!! Because I studied the changes announced and made reviews of all of it! You can also go back and redo unit nine and the red book material, and that would probably make you feel a lot better.

I made a special review of just the state material

That’s right! I made a special review of just the red book content that I placed at the end of your academic

No worries on the WV Real Estate License Exam
Spruce has made YOU two special reviews to ease your worries!

timeline along with the one day review for the national portion. Now you have two separate reviews at the end of our course to prepare you for these changes! You really had and still have the information needed to pass this WV Real Estate License Exam. You really do. In all honesty, I’ve made it that much better by providing you with two separate reviews for the two separate portions of the exam that they are now going to push upon you.

Now, is this scary?

Now, is this scary? No! You know what, they’ve actually done something that I love. They’re allowing you to practice their exam when you show up before you start taking their real exam. They let you sit down, and they let you, if you want, I’m sure you probably have to request this, but they let you pretend to take the exam so you get all your nervous jitters out. Then you say, “Okay, I’m ready. Let’s go for it.” Then they start the real exam for you. Hopefully you can shake off those nervous worries.

Other GREAT changes!

The other beautiful thing is you don’t have to wait a week or two to see your results. This is all done electronically now for once. You can know your results immediately. That’s beautiful. No more anxiety after the test. Get it done and it’s done. You don’t have to wait a month for deadlines and filing. You can even retest the next day, but I would recommend if you don’t pass it to wait a few days and study more, but I don’t expect any of you to fail. In the event that you would need to retake it, they don’t make you wait.

The WVREC made these announcements very publicly

None of this is a secret. The West Virginia Real Estate Commission met with all the educators. Believe it or not this ain’t no secret and disclosed all the info from PSI in a handbook printed out that you even have access to. This candidate handbook is downloaded from http://www.GoAmp.com  You get this candidate handbook that explains these changes to the WV Real Estate License exam and glance it over and realize you KNOW it. Trust me, I’ve read that guide 30 times to make sure I teach it. No mystery questions about marriage advice. You get it, you get it, you really get it!

Keep on keeping on, you WILL pass the WV Real Estate License Exam

Stick with the course. You’re doing the right program which Spruce School of Real Estate has laid out for you. Don’t be afraid. Do the two real estate license reviews that are added to the end of the online timeline and you’re good to go. Spruce has got your back. Call me, email me, text me if you have any questions, but hopefully this makes you feel a ton better about these changes that are now in place for when you go to your PSI testing center to take your WV Real Estate License Exam.