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: • The definition of material facts and the reasonable person standard for property disclosure. • Why latent defects must be disclosed even when a property is sold in as is condition. • The distinction between physical property defects and psychological stigmas like notorious crimes. • Federal requirements for lead-based paint disclosures and their impact on material fact standards. • How to avoid misrepresentation and fraud when a buyer asks direct questions about a property stigma. 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