Real Estate Exam [California] 18, Agent Acting as Principal or With Other Interest

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: - California requires written disclosure when a licensee is acting as a principal or has a personal interest in a property transaction. - The disclosure must be provided to all parties as early as possible in the transaction, not just mentioned in the contract fine print. - This duty extends to situations where the agent represents immediate family members or business entities in which they have an ownership interest. - Receiving compensation from more than one party, such as a commission from a seller and a fee from a lender, requires full written disclosure to all parties. - A verbal disclosure is insufficient for the exam; material conflicts of interest must always be disclosed in writing to be compliant. 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