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Real Estate Exam [California] 44, Mello-Roos, HOA, and Special Disclosures
Published 1 month, 3 weeks ago
Description
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 sellers must disclose if a property is in a Mello-Roos district, which has special taxes for infrastructure.
- The requirement for sellers to provide a comprehensive package of HOA documents, including financials and governing rules.
- That all known material facts, even repaired past issues, must be revealed on the Transfer Disclosure Statement (TDS).
- The federal mandate to provide a lead-based paint disclosure for homes built before 1978.
- That California requires disclosures for smoke detectors, carbon monoxide detectors, and water heater bracing.
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