Real Estate Exam [Texas] 29, Closing and Possession

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 possession is granted only upon "closing and funding," a common exam trap. - The legal implications of the "on or before" closing date in Paragraph 9. - When to use the Seller's Temporary Residential Lease for post-closing occupancy. - How property taxes and other expenses are prorated between the buyer and seller in Texas. - What options are available if a party fails to close by the contract's specified date. 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