# Real Estate Exam [Texas] 24, Property Identification and Sales Price

Page: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-texas-24-property-identification-and-sales-price
Text version: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-texas-24-property-identification-and-sales-price.md
Podcast: [Real Estate Exam Prep](https://stenobird.com/podcast/real-estate-exam-prep-7644240)
Published: 2026-05-09T00:21:14+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/52c42fba-29ca-4823-a611-1cb2184b1004.mp3
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Duration seconds: 204

## 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: - 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

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## Transcript

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