# Real Estate Exam [California] 20, Duties to Third Parties and Material Facts

Page: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-20-duties-to-third-parties-and-material-facts
Text version: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-20-duties-to-third-parties-and-material-facts.md
Podcast: [Real Estate Exam Prep](https://stenobird.com/podcast/real-estate-exam-prep-7644240)
Published: 2026-06-24T00:21:14+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/2fe6fc5d-adc3-4336-af1c-a6df7abbfa2d.mp3
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Duration seconds: 184

## 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: - The non-fiduciary duties of honesty and fair dealing owed to all parties in a transaction. - How to distinguish between illegal misrepresentation and permissible "puffing" on the exam. - The legal requirement for a diligent visual inspection and disclosure of known material facts in California. - Why concealing a defect creates liability, even if you don't have a client relationship with the buyer. - Common exam traps involving seller instructions to hide defects and the agent's overriding disclosure duties. 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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