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You can study for your real estate licensing exam online, but you'll need to be extra disciplined. The advantage to taking a 'physical' class is that you'll need to stick to the class times and will make progress toward your goal. If you study at your own pace, as is the case with most online courses, you risk pulling an 'all nighter' the night before the exam and being too tired to focus on the big day. If you decide to take an online course, develop and stick to a study schedule to make sure you get enough learning in before the exam.