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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Real Estate Exam [Texas] 22, What Licensees Can and Cannot Do With Forms
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: - That licensees are only permitted to fill in the blanks of TREC-promulgated forms with factual statements and business details. - How to properly use the Special Provisions (Paragraph 11) section without engaging in the unauthorized practice of law. - That altering, striking through, or adding legal language to the pre-printed text of a...
Real Estate Exam [Texas] 21, The Broker-Lawyer Committee
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: - The Broker-Lawyer Committee consists of 13 members: 6 brokers appointed by TREC, 6 lawyers appointed by the State Bar president, and 1 public member appointed by the governor. - The committee's sole purpose is to draft and revise standardized contract forms for use by real estate licensees. - This committee acts only in an advisory r...
Real Estate Exam [Texas] 20, TREC Promulgated Forms Overview
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: - Why TREC's primary goal with promulgated forms is public protection and preventing the unauthorized practice of law. - The critical difference between an addendum (used before signing) and an amendment (used after signing). - That using promulgated forms is mandatory for Texas license holders whenever a relevant form exists for the t...
Real Estate Exam [Texas] 19, Agent Disclosure Duties
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: - An agent’s independent duty to disclose known material facts overrides a seller's instructions. - The specific requirements for the federal lead-based paint disclosure for all homes built before 1978. - The consequences for failing to provide a Municipal Utility District (MUD) notice before a contract is signed. - Key disclosure rules for...
Real Estate Exam [Texas] 18, Seller's Disclosure Exemptions
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: - The seven major categories of transactions exempt from the Seller's Disclosure Notice in Texas. - The critical distinction between a property sold 'as-is' and a seller who is legally exempt from disclosure. - That an agent's duty to disclose known material facts persists even when the seller is exempt. - How s...
Real Estate Exam [Texas] 17, Seller's Disclosure Notice
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: - When the Texas Seller's Disclosure Notice is required for 1-4 unit residential properties and the key exceptions tested on the exam, such as new homes and foreclosures. - That sellers must disclose all known material defects, even if a defect has been previously repaired, and that an 'as is' clause does n...
Real Estate Exam [Texas] 16, Buyer Representation Agreements
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: - The key difference between an exclusive and non-exclusive buyer representation agreement and how it impacts commission. - The essential elements required for a buyer representation agreement to be valid and enforceable in Texas. - How broker compensation is structured within the agreement, including who pays and what happens when commissions differ. ...
Real Estate Exam [Texas] 15, Types of Listing Agreements
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: - With an Exclusive Right to Sell listing, the broker earns a commission regardless of who finds the buyer. - An Exclusive Agency listing allows the seller to find their own buyer without having to pay a commission. - An Open Listing is a non-exclusive agreement where only the broker who is t...
Real Estate Exam [Texas] 14, Intermediary With Appointments
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: - An intermediary broker with appointments must remain neutral and cannot provide advice to the buyer or seller. - Appointed agents are permitted to provide advice and opinions to the party they are appointed to represent. - Acting as an intermediary requires written consent from both parties, followed by written notice of t...
Real Estate Exam [Texas] 13, Intermediary Relationship Basics
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: - Intermediary is the Texas-specific alternative to dual agency, applying when one brokerage represents both buyer and seller. - Acting as an intermediary is only legal with explicit written consent from both parties, typically found in representation agreements. - An intermediary broker must remain neutral, facilitating the transaction without providing advice or o...
