Episode Details

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. This episode covers content for the National Real Estate Exam. In this episode you will learn: - Why title insurance is retrospective and protects against past defects rather than future events. - The differences between a lender policy which decreases over time and an owner policy which does not. - Why title insurance premiums are a one-time payment at closing rather than a recurring cost. - The concept of subrogation and how insurance companies use it to recover claim costs. - Common exclusions found in title policies such as defects revealed only by a physical survey. 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