# Real Estate Exam [Texas] 10, Fiduciary Duties OLD CAR Page: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-texas-10-fiduciary-duties-old-car Text version: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-texas-10-fiduciary-duties-old-car.md Podcast: [Real Estate Exam Prep](https://stenobird.com/podcast/real-estate-exam-prep-7644240) Published: 2026-04-25T00:21:14+00:00 Episode link: https://open-exam-prep.com/ Audio file: https://episodes.captivate.fm/episode/ef81c8c4-387e-47c1-be40-29e14c740e7d.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/real-estate-exam-prep-7644240/episodes/real-estate-exam-texas-10-fiduciary-duties-old-car Duration seconds: 197 ## 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 six fiduciary duties defined by the acronym OLD CAR: Obedience, Loyalty, Disclosure, Confidentiality, Accounting, and Reasonable Care. - How the duty of Obedience is strictly limited to lawful instructions, a common exam trap. - Why the duty of Confidentiality extends forever and survives the termination of the agency relationship in Texas. - The critical distinction between the fiduciary duty of Disclosure to a client versus the general duty to disclose known property defects to all parties. - The serious consequences for breaching a fiduciary duty in Texas, including license revocation by the Texas Real Estate Commission (TREC). 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 ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/real-estate-exam-prep-7644240/episodes/real-estate-exam-texas-10-fiduciary-duties-old-car/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-texas-10-fiduciary-duties-old-car.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.