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: - The DTPA has a two-part statute of limitations: two years from discovery, with an absolute four-year maximum from the date of the act. - A licensee may use a "good faith" defense if they can prove they reasonably relied on information from another source, like a seller's disclosure. - A waiver of DTPA rights is only valid if it's in writing, signed, and the consumer is represented by their own independent attorney. - Exam questions often test the strict attorney requirement for DTPA waivers, making it a common trap. - A violation of the Texas Real Estate License Act (TRELA) can also be considered a violation of the DTPA, creating additional liability for the licensee. 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