Real Estate Exam Prep
Real Estate Exam Prep is a daily podcast designed to help future real estate agents pass their licensing exams with clarity and confidence. Built and operated by OpenExamPrep, this podcast breaks down the real estate exam into focused, easy-to-digest episodes covering both the national portion and state-specific requirements. Each episode targets one key concept, common exam trap, or high-frequency test topic—making it ideal for studying during commutes, workouts, or short study sessions. Created by Ran Chen, EA, CFP®, a financial professional and exam specialist who has personally passed multiple professional licensing exams, Real Estate Exam Prep was developed from fir...
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[Georgia Real Estate] 49, National Concepts in Georgia Case Review
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How to distinguish national real estate baseline principles from Georgia-specific statutory requirements. - Federal requirements for lead-based paint disclosures on pre-1978 residential properties. - Why Georgia law requires licensed attorneys to conduct real estate closings rather than title agents or brokers. - Why seller property disclosure forms and due diligence fees a...
[Georgia Real Estate] 48, Trust Account and Contract Case Review
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • Delivery duties for Georgia salespersons receiving client earnest money • Georgia Real Estate Commission one-month trust account opening notification rule • Statutory recordkeeping and monthly trust account reconciliation requirements • Strict limits on broker trust fund disbursements during buyer-seller disputes • Distinction between national closing practices and Georgia attorney closings For additional practice materials and study guides, exp...
[Georgia Real Estate] 47, Georgia Agency and Disclosure Case Review
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • How Georgia's B-R-R-E-T-A replaces common law fiduciary duties with statutory obligations of reasonable care. • Why client relationships require a written brokerage engagement, eliminating implied agency in Georgia. • The difference between performing ministerial acts for customers and providing client representation. • Statutory mandates requiring disclosure of known adverse material physical property defects to all parties. ...
[Georgia Real Estate] 46, Area Valuation and Investment Math
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: * How to calculate lot area in square feet and convert parcel dimensions to acreage using 43,560 square feet per acre. * How to identify front footage from standard rectangular parcel dimension listings. * How to calculate Net Operating Income (NOI) by correctly excluding mortgage debt service. * How to apply Capitalization Rate formulas to determine property v...
[Georgia Real Estate] 45, Loan-to-Value and Financing Calculations
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How lenders establish the maximum loan amount using the lower of purchase price or appraised value. - How to calculate required buyer down payment when loan-to-value limits apply. - How to compute loan origination fees and discount points on borrowed principal. - Why calculating discount points on purchase price instead of l...
[Georgia Real Estate] 44, Tax Rent and Interest Prorations
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How property tax prorations divide annual property tax bills between buyer and seller using a 365-day calendar. - How rent prorations calculate unearned rental income collected in advance as a seller credit to the buyer. - How mortgage interest prorations differ between accrued interest on assumed loans and prepaid interest on n...
[Georgia Real Estate] 43, Commission and Net Proceeds Calculations
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Federal antitrust rules governing the negotiable nature of brokerage commission rates. - How to accurately calculate required gross sales prices based on target seller net proceeds. - Why calculating commission on the seller net amount yields an incorrect sales price. - How brokerage co-op splits and affiliated salesperson splits are calculated s...
[Georgia Real Estate] 42, Environmental Risks and Required Disclosures
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • Federal Lead-Based Paint Hazard Reduction Act requirements for target housing built prior to 1978. • CERCLA liability principles and the innocent landowner defense. • Georgia caveat emptor doctrine and seller obligations for latent defects. • BRRETA statutory disclosure requirements for real estate licensees regarding adverse material facts within one mile. • How to distinguish client confidentiality duties from statut...
[Georgia Real Estate] 41, Leases Property Management and Trust Funds
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: * Distinction between national leasehold estates and Georgia property management rules * Real estate broker authority versus salesperson duties under GREC Rule 520-1-.08 * Trust fund handling and prohibition against commingling personal and client funds * Exam scenario analysis regarding temporary deposits into personal accounts * Practical decision rule for passing trust funds directly to the h...
[Georgia Real Estate] 40, Fair Housing and Prohibited Discrimination
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Protected classes under the Federal Fair Housing Act and the Georgia Fair Housing Act - Enforcement roles of the Georgia Commission on Equal Opportunity and the Georgia Real Estate Commission - Common prohibited fair housing practices including steering, blockbusting, and redlining - Why fiduciary duty of obedience does not apply to u...
