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: - That all real estate commissions in California are fully negotiable and never fixed by law. - How compensation must flow through the employing broker to the salesperson. - The definition of procuring cause and how it determines who earns the commission. - The rules for illegal kickbacks, secret profits, and strictly regulated advance fees. - Why written agreements, including listing and buyer-broker agreements, are essential for enforcing compensation.