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. 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 not eliminate this duty. - The buyer's seven-day unconditional right to terminate the contract after receiving the disclosure notice, if it was delivered after the contract's effective date. - That if the seller never provides the disclosure, the buyer retains the right to terminate the contract at any point before the closing. - Common exam traps, including the relationship between the 'as is' clause and the non-waivable duty to disclose known property conditions. 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