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: * Key differences between national contract remedies and Georgia trust account rules. * How earnest money functions as liquidated damages upon buyer default. * The legal procedures for handling escrow disputes and filing an interpleader action. * Common exam traps regarding broker authority and disbursement of disputed funds. * A simple L-I-M-S decision rule to memorize contract default remedies for exam day. Prepare for your exam independently with free practice tools at https://open-exam-prep.com/practice/ga-real-estate and watch video lessons at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://rules.sos.ga.gov/gac/520-1 https://grec.state.ga.us/