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Real Estate Exam Prep

Ran Chen, EA, CFP®

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 firsthand experience with how difficult—and often poorly taught—exam material can be. The goal is simple: make exam preparation clearer, more accessible, and more effective using structured explanations and modern learning tools. Whether you’re just starting your real estate exam journey or reviewing before test day, this podcast is designed to guide you step by step—one concept at a time.

Free practice tools, AI-powered explanations, and additional exam prep resources are available at: https://open-exam-prep.com/

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  • Today · 4 min

    [Georgia Real Estate] 13, Dual Agency and Informed Consent

    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 national dual agency concepts compare to Georgia statutory requirements under BRRETA. • The strict written informed consent rules mandated by O.C.G.A. § 10-6A-12. • Required disclosures that must be included in a Georgia dual agency consent form. • Why oral consent and customer transactions are common traps on the Georgia exam. • A simple decision rule for determining when dual agency rules apply. Prepare independently for the Georgia real estate salesperson exam with practice materials available at https://open-exam-prep.com/practice/ga-real-estate and video guides at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://rules.sos.ga.gov/gac/520-1 https://grec.state.ga.us/ https://law.justia.com/codes/georgia/title-10/chapter-6a/section-10-6a-12/ https://law.justia.com/codes/georgia/title-10/chapter-6a/section-10-6a-13/

  • Yesterday · 4 min

    [Georgia Real Estate] 12, Ministerial Acts and Transaction Brokerage

    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 BRRETA defines transaction brokerage and non-agency customer assistance - Examples of permitted ministerial acts including providing market statistics and acting as a scribe - The critical distinction between performing clerical acts for customers and representing clients - Exam traps surrounding implied agency when assisting customers with standard contract forms - Statutory duties of honesty and material disclosure owed by transaction brokers to all parties Prepare independently for the Georgia real estate salesperson exam with free practice questions at https://open-exam-prep.com/practice/ga-real-estate and follow video lessons on YouTube at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://rules.sos.ga.gov/gac/520-1 https://grec.state.ga.us/

  • Sunday · 4 min

    [Georgia Real Estate] 11, Duties to Sellers and Buyers

    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 BRRETA replaces common-law fiduciary duties with specific statutory obligations of ordinary skill and care in Georgia. - The statutory requirement to timely present all written and oral offers to and from seller and buyer clients. - A broker's duty to disclose actual known adverse material physical facts without a statutory duty to inspect or discover hidden defects. - Requirements for maintaining written client confidentiality and advising clients to seek expert advice beyond real estate expertise. - Key exam strategies for distinguishing broker disclosure duties from buyer inspection responsibilities under Georgia law. Prepare for your Georgia real estate license with independent practice tools at https://open-exam-prep.com/practice/ga-real-estate and video walkthroughs at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://rules.sos.ga.gov/gac/520-1 https://grec.state.ga.us/

  • Saturday · 4 min

    [Georgia Real Estate] 10, Written Brokerage Engagements

    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: * Statutory definition of written brokerage engagements under Georgia's BRRETA * Mandatory required terms under GREC Rule 520-1-.06 including definite expiration dates * Why net listing agreements are strictly prohibited under Georgia license law * How client status differs from customer status and why purchase contract disclosures are insufficient * The distinction between affiliated salesperson authority and brokerage firm ownership of agreements Prepare for the Georgia Real Estate Salesperson exam with free resources at https://open-exam-prep.com/practice/ga-real-estate and subscribe to our channel at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://rules.sos.ga.gov/gac/520-1 https://grec.state.ga.us/

  • Friday · 4 min

    [Georgia Real Estate] 9, Client vs Customer Under BRRETA

    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 BRRETA defines the statutory distinction between a client and a customer in Georgia. * The requirement of a signed written brokerage engagement to establish a client relationship. * What constitutes ministerial acts performed for a customer versus agency representation for a client. * Why implied agency does not exist under Georgia real estate law. * How national fiduciary concepts compare with Georgia statutory duties under BRRETA. Prepare for your exam independently with free practice tools at https://open-exam-prep.com/practice/ga-real-estate and video explanations at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 * https://grec.state.ga.us/ * https://rules.sos.ga.gov/gac/520-1

  • Thursday · 4 min

    [Georgia Real Estate] 8, Complaints Discipline and the Recovery Fund

    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 the Georgia Real Estate Commission investigates complaints and enforces license law. * The maximum administrative fines and sanctions GREC can impose on licensees. * The legal distinction between administrative sanctions by GREC and monetary damages awarded by courts. * Requirements and statutory limits for recovery from the Real Estate Education, Research, and Recovery Fund. * The automatic license revocation rule following a payment from the Recovery Fund. This independent study resource is designed for candidates preparing for the Georgia real estate salesperson examination. Access additional prep resources at https://open-exam-prep.com/practice/ga-real-estate and watch video lessons at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 * https://grec.state.ga.us/ * https://rules.sos.ga.gov/gac/520-1 https://law.justia.com/codes/georgia/title-43/chapter-40/section-43-40-22/ https://law.justia.com/codes/georgia/title-43/chapter-40/section-43-40-25/

  • Wednesday · 4 min

    [Georgia Real Estate] 7, Education Renewal and License Maintenance

    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 25-hour post-license education requirement for new Georgia real estate salespersons within their first year. - How 9 post-license credit hours apply toward the 36-hour total continuing education requirement for the first 4-year cycle. - Georgia's 4-year renewal schedule ending on the last day of the licensee's birth month. - The mandatory 3-hour Georgia Real Estate License Law course requirement for every renewal cycle. - Key exam traps regarding course completion deadlines, license lapse, and renewal credit calculations. This independent preparation resource offers practice questions and tools at https://open-exam-prep.com/practice/ga-real-estate and video guides on https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://grec.state.ga.us/ https://rules.sos.ga.gov/gac/520-1

  • September 29 · 3 min

    [Georgia Real Estate] 6, Active Inactive and Lapsed Licenses

    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 core operational differences between active, inactive, and lapsed Georgia real estate license statuses. * Why inactive licensees can only buy or sell property owned solely by themselves without broker affiliation. * Renewal fee and continuing education requirements for maintaining and reactivating an inactive Georgia license. * Reinstatement options for licenses lapsed up to two years versus licenses lapsed between two and five years. * The five-year statutory threshold after which a lapsed license cannot be reinstated and requires reapplication. This episode is designed for independent study and exam preparation. Access free practice questions and learning tools at https://open-exam-prep.com/practice/ga-real-estate and subscribe for video content at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026: https://grec.state.ga.us/ and https://rules.sos.ga.gov/gac/520-1 .

  • September 28 · 4 min

    [Georgia Real Estate] 5, Broker Supervision and Licensee 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: • The supervisory role of Georgia qualifying brokers under GREC Rule 520-1-.07 and O.C.G.A. Chapter 43-40. • Statutory licensee standards set by the Brokerage Relationships in Real Estate Transactions Act (BRRETA). • The regulatory division between general firm management in Rule 520-1-.07 and specific advertising rules in Rule 520-1-.09. • The strict ten-day written notification rule for final dispositions of administrative sanctions or legal actions. • The thirty-day notification window for home address, name, or firm location changes. For independent study resources and practice questions, visit https://open-exam-prep.com/practice/ga-real-estate and subscribe to our YouTube channel at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 • https://rules.sos.ga.gov/gac/520-1 • https://grec.state.ga.us/

  • September 27 · 4 min

    [Georgia Real Estate] 4, Salespersons Brokers and Firm Licenses

    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 distinguishes between salesperson, broker, and firm licenses - The role and statutory responsibilities of a qualifying broker for a brokerage firm - Why an individual broker license does not automatically license a legal entity - Common exam traps regarding entity licensing and contract execution authority - A decision rule for distinguishing individual authority from firm licensing requirements Prepare independently for your exam with practice tools and videos at https://open-exam-prep.com/practice/ga-real-estate and https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026: https://grec.state.ga.us/ https://rules.sos.ga.gov/gac/520-1

  • September 26 · 3 min

    [Georgia Real Estate] 3, Salesperson Licensing and Eligibility

    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: • National real estate eligibility principles versus Georgia-specific salesperson rules. • Minimum age criteria for examination sitting at seventeen versus license issuance at eighteen. • Mandatory seventy-five-hour pre-licensing education and the sixty-day GCIC background report rule. • The first-year twenty-five-hour post-license course requirement to avoid license lapse. • A memory decision rule to master Georgia salesperson licensing standards on test day. OpenExamPrep is an independent educational provider. Explore practice material at https://open-exam-prep.com/practice/ga-real-estate and video guides at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 • https://grec.state.ga.us/ • https://rules.sos.ga.gov/gac/520-1

  • September 25 · 4 min

    [Georgia Real Estate] 2, GREC Powers and Responsibilities

    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 composition of the Georgia Real Estate Commission, including five industry members and one public member. - The statutory authority of GREC under O.C.G.A. Title 43 Chapter 40 and Chapter 520 administrative rules. - The fundamental legal boundary between public interest regulation and private civil contract enforcement. - How to avoid common exam traps regarding commission dispute jurisdiction. - A practical decision rule for determining when GREC has authority over licensee actions. For independent Georgia real estate practice questions and episode study resources, visit https://open-exam-prep.com/practice/ga-real-estate and https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://grec.state.ga.us/ https://rules.sos.ga.gov/gac/520-1

  • September 24 · 4 min

    [Georgia Real Estate] 1, Your Georgia Study Roadmap

    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 structure a study roadmap balancing national real estate concepts and Georgia rules • Core subject areas tested under national real estate principles and Georgia state regulations • A four-week study planning strategy for pacing comprehensive exam preparation • How a Georgia advertising example separates accuracy from additional legal requirements • A decision rule for distinguishing universal real estate theory from state legal mandates OpenExamPrep is an independent educational resource. Access free practice questions and learning materials at https://open-exam-prep.com/practice/ga-real-estate and https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://grec.state.ga.us/ https://rules.sos.ga.gov/gac/520-1

  • September 19 · 3 min

    Florida Real Estate Exam Prep 50, Final Strategy and Common Exam Traps

    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 crucial difference between a Single Agent's fiduciary duties (COLD) and a Transaction Broker's limited representation in Florida. - The exact escrow deposit timeline: sales associates have one business day to deliver funds to their broker, who then has three business days to deposit them. - The essential elements required for a valid real estate contract in Florida and how a missing element can make it void or voidable. - How to use the flagging feature on the exam to manage the 3.5-hour time limit effectively across 100 questions. - Why you must carefully identify the licensee's role in scenario questions, as it dictates the legally correct answer. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

  • September 18 · 3 min

    Florida Real Estate Exam Prep 49, Florida Real Estate Math Final 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 calculate acreage from a Government Survey System legal description by starting with 640 acres and dividing by the fractional parts. - The critical difference between the loan amount and the sale price when calculating the cost of discount points. - The correct application of Florida's specific documentary stamp tax rates on the deed ($0.70 per $100) and the note ($0.35 per $100), plus the intangible tax on new mortgages. - The IRV formula (Income = Rate x Value) is essential for solving all capitalization problems by isolating the variable you need to find. - How to properly calculate prorations for property taxes paid in arrears using the 365-day method, with the seller typically responsible for the day of closing. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

  • September 17 · 3 min

    Florida Real Estate Exam Prep 48, Real Estate Markets and Investment Analysis

    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 real estate is illiquid, immobile, and unique, making its market intensely local and requiring appraisals for valuation. - How leverage uses borrowed funds to control larger assets, which magnifies both potential investment returns and risks. - The key tax advantages for investors, including deductions for mortgage interest, property taxes, and depreciation on improvements. - How the Florida exam tests your understanding of supply and demand shifts, such as a new employer entering an area, and their impact on property values. - The critical distinction between market appreciation (an increase in value) and tax depreciation (a cost recovery deduction); a property can experience both simultaneously. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

  • September 16 · 3 min

    Florida Real Estate Exam Prep 47, Planning Zoning and Government Powers

    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 four government powers over real property: Police Power, Eminent Domain, Taxation, and Escheat (PETE). - The critical difference between police power (regulation without compensation) and eminent domain (taking with compensation). - How comprehensive plans and zoning ordinances, including building codes, are used to control land use in Florida. - The distinction between a zoning variance (granted for hardship) and a special exception (a pre-approved conditional use). - The difference between government land-use controls and private deed restrictions, and which one applies when they conflict. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

  • September 15 · 3 min

    Florida Real Estate Exam Prep 46, Environmental Hazards 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: - The federal requirement to disclose lead-based paint in homes built before 1978 is a disclosure rule, not a mandate for removal. - Florida law requires a specific written radon gas disclosure in real estate contracts, but does not mandate testing or mitigation by the seller. - The legal precedent from Johnson v. Davis requires licensees to disclose all known material facts affecting a property's value that are not readily observable. - For hazards like asbestos, mold, or underground tanks, a licensee's duty is to disclose known red flags and recommend expert investigation, not to diagnose the issue. - A key mental shortcut for the exam is: "Disclose what you know, but don't play pro," to avoid overstepping the scope of your real estate license. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

  • September 14 · 3 min

    Florida Real Estate Exam Prep 45, Florida Landlord Tenant Law

    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 three legally required methods for a Florida landlord to hold a tenant's security deposit. - The critical differences and timeframes for a 3-day notice for non-payment of rent versus a 7-day notice for lease violations. - The strict 15-day and 30-day deadlines a landlord must follow for returning or making a claim on a security deposit. - The rules for landlord access to a rental property, including the standard for reasonable notice. - Why self-help actions like changing the locks or shutting off utilities are illegal and how formal eviction is the only legal remedy. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

  • September 13 · 3 min

    Florida Real Estate Exam Prep 44, Fair Housing and Civil Rights Laws

    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 absolute prohibition of racial discrimination under the Civil Rights Act of 1866, which has no exceptions. - How to distinguish between illegal steering (directing buyers), blockbusting (inducing panic selling), and redlining (lender discrimination). - The seven federally protected classes, easily remembered with the mnemonic FRESH CORN: Familial Status, Race, Sex, Handicap, Color, Religion, National Origin. - That Fair Housing Act exemptions, like the "Mrs. Murphy" exemption, are voided if a real estate agent is used or discriminatory ads are published. - The crucial difference between a landlord-paid reasonable accommodation (a policy change) and a tenant-paid reasonable modification (a physical change). For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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