# Real Estate Exam [California] 32, Escrow and Closing Process

Page: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-32-escrow-and-closing-process
Text version: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-32-escrow-and-closing-process.md
Podcast: [Real Estate Exam Prep](https://stenobird.com/podcast/real-estate-exam-prep-7644240)
Published: 2026-07-06T00:21:14+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/eed48a19-0ec8-4f7f-ab6a-54c52da5e392.mp3
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JSON: https://stenobird.com/v1/public/podcasts/real-estate-exam-prep-7644240/episodes/real-estate-exam-california-32-escrow-and-closing-process
Duration seconds: 196

## 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-negotiable role of the neutral escrow holder and why it's crucial for the exam. - Why written escrow instructions are the ultimate authority in a transaction, superseding any verbal agreements. - How prorations for expenses like property taxes are calculated and appear as debits and credits on the closing statement. - The critical sequence of events at closing: lender funding followed by recording the deed to officially transfer title. - Common exam traps involving verbal requests, changing instructions, and the absolute conditions required for escrow to close.

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## Transcript

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