Episode
Real Estate Exam [California] 18, Agent Acting as Principal or With Other Interest
- Podcast
- Real Estate Exam Prep
- Published
- Jun 22, 2026
- Duration seconds
- 201
- Processing state
not_requested- Canonical source
- https://open-exam-prep.com/
Actions
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Summary
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: - California requires written disclosure when a licensee is acting as a principal or has a personal interest in a property transaction. - The disclosure must be provided to all parties as early as possible in the transaction, not just mentioned in the contract fine print. - This duty extends to situations where the agent represents immediate family members or business entities in which they have an ownership interest. - Receiving compensation from more than one party, such as a commission from a seller and a fee from a lender, requires full written disclosure to all parties. - A verbal disclosure is insufficient for the exam; material conflicts of interest must always be disclosed in writing to be compliant. 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