Episode
Real Estate Exam [California] 36, Buyer Broker Agreements
- Podcast
- Real Estate Exam Prep
- Published
- Jul 10, 2026
- Duration seconds
- 195
- 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: - The critical difference between exclusive and non-exclusive buyer broker agreements in California. - How broker compensation is determined, negotiated, and handled when a seller's offer differs. - The six fiduciary duties a buyer's agent owes their client, remembered by the acronym OLDCAR. - The specific rules and notice periods for terminating exclusive versus non-exclusive agreements. - The required timing for presenting the agency disclosure form to a potential buyer in California. 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