# Real Estate Exam [California] 18, Agent Acting as Principal or With Other Interest

Page: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-18-agent-acting-as-principal-or-with-other-interest
Text version: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-18-agent-acting-as-principal-or-with-other-interest.md
Podcast: [Real Estate Exam Prep](https://stenobird.com/podcast/real-estate-exam-prep-7644240)
Published: 2026-06-22T00:21:14+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/ea0bbd7d-ef08-417b-ab22-15f014d79349.mp3
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JSON: https://stenobird.com/v1/public/podcasts/real-estate-exam-prep-7644240/episodes/real-estate-exam-california-18-agent-acting-as-principal-or-with-other-interest
Duration seconds: 201

## Resource

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

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## Transcript

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