Remember to answer items you find easiest first, because if you get stuck on a more difficult item that comes up early in test, you may not have enough time to answer items you know.

Review

If you plan you time correctly, you will have time to review your answers and make sure they are as complete and accurate as possible. Also make sure you review test directions to be certain you have answered all items required.

Using this exam guide will deffinately help you do better on exams, no matter field they cover, and get better grades.

If you're planning on borrowing over $2,000,000 to build or buy a larger hotel/motel, interest rates may be a little better, although not much. Interest rate lows can be more favorable by up to a half percentage point, while to current ceiling is still hovering around 8%. With a larger hotel loan comes a longer loan term, usually 20 to 25 years. One boon of a larger loan is that most institutions offer limited recourse in event of a default.

Meeting hotel loan requirements can be difficult, after all, this is unlike any other kind of real estate loan and as such has its own rules, terms, and procedures. If you think hospitality business may be for you, make sure you choose a lender who will take type to answer questions to your satisfaction. With how market is these days, there are plenty of lenders out there competing for your business. Take your time and choose carefully from several loan products they offer; if you're not satisfied, move on. The hotel business can be both challenging and rewarding. Depending on your location, service, and financing, it can be a great way to build long-term wealth.