Episode
Real Estate Exam [Texas] 24, Property Identification and Sales Price
- Podcast
- Real Estate Exam Prep
- Published
- May 9, 2026
- Duration seconds
- 204
- Processing state
not_requested- Canonical source
- https://open-exam-prep.com/
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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: - Why a street address alone is an insufficient and invalid property description on the TREC contract. - The critical importance of listing items in Paragraph 2D (Exclusions) to avoid them conveying with the property. - How to correctly calculate and verify the sales price formula in Paragraph 3 (Cash + Financing = Sales Price). - The direct relationship between the sales price breakdown in the contract and the terms in the Third Party Financing Addendum. - The exam trap of leaving any section of the contract blank and why every space must be filled in. 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