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: - A single agent in Florida represents either the buyer or the seller in a full fiduciary capacity, but never both in the same transaction. - The fiduciary duties owed to a principal include Confidentiality, Obedience, Loyalty, Full Disclosure, Accounting, Skill, Care, and Diligence. - A helpful mnemonic for the core duties is COLD: Confidentiality, Obedience, Loyalty, and Disclosure. - The three duties owed to a customer are honest and fair dealing, accounting for funds, and disclosing known material facts about a residential property. - The Single Agent Notice must be provided in writing before entering a representation agreement or before showing property, whichever occurs first. 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