# Real Estate Exam [California] 41, Transfer Disclosure Statement and Visual Inspection

Page: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-41-transfer-disclosure-statement-and-visual-inspection
Text version: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-41-transfer-disclosure-statement-and-visual-inspection.md
Podcast: [Real Estate Exam Prep](https://stenobird.com/podcast/real-estate-exam-prep-7644240)
Published: 2026-07-15T00:21:14+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/0148a7dc-06ef-4449-b650-c65668c1972f.mp3
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JSON: https://stenobird.com/v1/public/podcasts/real-estate-exam-prep-7644240/episodes/real-estate-exam-california-41-transfer-disclosure-statement-and-visual-inspection
Duration seconds: 239

## 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 Transfer Disclosure Statement (TDS) is the seller's duty to disclose all KNOWN material facts for residential 1-4 unit properties. - An agent's duty to conduct a diligent visual inspection is separate and independent from the seller's disclosure duties. - Agents must disclose all material facts and 'red flags' they observe in reasonably accessible areas of the property. - Even if a seller is exempt from providing a TDS (e.g., in a foreclosure), the agent is NEVER exempt from their visual inspection duty. - The standard of care is what a reasonably prudent licensee would observe and disclose, not that of a home inspector. 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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