Podcast
Real Estate Exam Prep
Hosted by Ran Chen, EA, CFP® · EN
Real Estate Exam Prep is a daily podcast designed to help future real estate agents pass their licensing exams with clarity and confidence.
Built and operated by OpenExamPrep, this podcast breaks down the real estate exam into focused, easy-to-digest episodes covering both the national portion and state-specific requirements. Each episode targets one key concept, common exam trap, or high-frequency test topic—making it ideal for studying during commutes, workouts, or short study sessions.
Created by Ran Chen, EA, CFP®, a financial professional and exam specialist who has personally passed multiple professional licensing exams, Real Estate Exam Prep was developed from firsthand experience with how difficult—and often poorly taught—exam material can be. The goal is simple: make exam preparation clearer, more accessible, and more effective using structured explanations and modern learning tools. Whether you’re just starting your real estate exam journey or reviewing before test day, this podcast is designed to guide you step by step—one concept at a time.
Free practice tools, AI-powered explanations, and additional exam prep resources are available at: https://open-exam-prep.com/
86episodes
Episodes
Newest firstAll episodes
Florida Real Estate Exam Prep 14, Florida Real Estate Advertising Rules
3d ago00:03:19Tap to summarizeThis 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: - That every real estate advertisement in Florida must contain the licensed name of the brokerage firm. - Why a "blind ad," which fails to identify the brokerage, is illegal and a common exam topic. - Which specific words, like "Realty" and "Associates," are prohibited in team names to avoid public confusion. - How the brokerage name must appear adjacent to, above, or below contact information in all internet advertising. - That licensees selling their own property must disclose their licensed status in any advertisements. 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
Transcribe →Florida Real Estate Exam Prep 13, Brokerage Offices and Sign Requirements
4d ago00:03:23Tap to summarizeThis 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: - A principal brokerage office in Florida must be a stationary, enclosed room and be registered with the DBPR. - A location is considered a branch office requiring registration if brokerage activities are conducted there; temporary shelters are exempt if no transactions are closed. - An official brokerage sign must, at a minimum, display the trade name (if any), the broker's name, and the words "Licensed Real Estate Broker" or "Lic. Real Estate Broker". - Branch office registrations are not transferable; moving a branch office requires a new, separate registration and fee. - Brokers must notify the DBPR of any change in their business address within 10 days to avoid a violation. 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
Transcribe →Florida Real Estate Exam Prep 12, No Brokerage Relationship Duties
5d ago00:03:14Tap to summarizeThis 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 three specific duties owed in a Florida no-brokerage relationship: honesty and fairness, disclosure of non-obvious material facts in residential sales, and accounting for funds. - The legal requirement to provide the No Brokerage Relationship Notice in writing before showing a property. - Key differences between the duties of a no-brokerage licensee and a transaction broker, particularly regarding the presentation of offers and the use of skill, care, and diligence. - Why fiduciary duties like loyalty, obedience, and full confidentiality are strictly limited to single-agent relationships and are common distractors on exam questions. - That the disclosure of material facts is specific to residential properties and only for defects that are not readily observable to a buyer. 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
Transcribe →Florida Real Estate Exam Prep 11, Transition to Transaction Broker
6d ago00:03:00Tap to summarizeThis 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 transition from a single agent to a transaction broker in Florida requires the principal's prior written consent using the official "Consent to Transition to Transaction Broker" notice. - Consent cannot be implied from a client's actions; it must be explicitly given in writing before the change in the brokerage relationship occurs. - When transitioning, the fiduciary duties of undivided Loyalty and Obedience are dropped, as the broker no longer acts solely for one party's benefit. - The duty of full disclosure is replaced with limited confidentiality, preventing the disclosure of price, motivation, or other sensitive information as defined by statute. - This limited confidentiality survives the transition and remains in effect even after the transaction closes, protecting the former client's sensitive information. 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
Transcribe →Florida Real Estate Exam Prep 10, Single Agent Duties and Disclosure
1w ago00:03:26Tap to summarizeThis 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: - A single agent in Florida represents either the buyer or the seller in a full fiduciary capacity, but never both in the same transaction. - The fiduciary duties owed to a principal include Confidentiality, Obedience, Loyalty, Full Disclosure, Accounting, Skill, Care, and Diligence. - A helpful mnemonic for the core duties is COLD: Confidentiality, Obedience, Loyalty, and Disclosure. - The three duties owed to a customer are honest and fair dealing, accounting for funds, and disclosing known material facts about a residential property. - The Single Agent Notice must be provided in writing before entering a representation agreement or before showing property, whichever occurs first. 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
Transcribe →Florida Real Estate Exam Prep 09, Transaction Broker Duties
1w ago00:03:07Tap to summarizeThis 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: - That transaction brokerage is the default relationship in Florida real estate unless stated otherwise in writing. - The seven specific duties of a transaction broker, including dealing honestly and fairly and accounting for all funds. - How limited confidentiality prevents disclosing a party's price limits or motivations. - The crucial distinction between a transaction broker's limited representation and a single agent's fiduciary duties. - That a transaction broker, unlike a single agent, does not owe duties of loyalty or obedience. 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
Transcribe →Florida Real Estate Exam Prep 08, Brokerage Relationships Overview
1w ago00:03:44Tap to summarizeThis 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: - Florida law presumes a transaction brokerage relationship unless a different relationship is established in writing. - A single agent is the only relationship that provides full fiduciary duties, remembered by the mnemonic COLD (Confidentiality, Obedience, Loyalty, Disclosure). - Transaction brokers provide limited confidentiality and cannot reveal the parties' willingness to negotiate on price or their motivations. - Written disclosures have strict timing rules: a no-brokerage notice is due before showing property, while a single agent notice is due before the showing or listing agreement, whichever is first. - These specific brokerage relationship disclosure rules apply only to residential sales, a common point of confusion tested on the exam. 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
Transcribe →Florida Real Estate Exam Prep 07, Real Estate Services and License Exemptions
1w ago00:03:15Tap to summarizeThis 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: - Performing any of the "A BAR SALE" activities (Appraising, Buying, Auctioning, Renting, Selling, Advertising, Leasing, Exchanging) for another for compensation requires a Florida real estate license. - Property owners are exempt from licensure when buying, selling, or leasing their own property. - Salaried employees of a property owner are only exempt if their compensation is not based on transactions, such as bonuses per lease. - Attorneys are only exempt when performing real estate services strictly within the scope of their duties for a legal client. - Individuals acting under a court order or with a power of attorney do not need a license for those specific duties. 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
Transcribe →Florida Real Estate Exam Prep 06, Broker Qualifications and Registration
2w ago00:02:43Tap to summarizeThis 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 '24 in 5' experience rule: You need 24 months of active experience within the last 5 years to qualify for a broker's license. - The key difference between a Broker, who can operate their own firm, and a Broker Associate, who is broker-qualified but works under another broker. - Why your license automatically becomes inactive when you terminate your employment with a broker. - The strict 10-day deadline to notify the DBPR of any change in your employer or mailing address. - How the exam tests the difference between the 72-hour broker pre-license course and the 63-hour sales associate course. 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
Transcribe →Florida Real Estate Exam Prep 05, License Status Renewal and Education
2w ago00:03:17Tap to summarizeThis 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: - A sales associate's first renewal requires a 45-hour post-licensing course; failure results in a null and void license. - All subsequent renewals require 14 hours of continuing education (CE) every two years. - Failure to complete the 14-hour CE places a license in an involuntarily inactive status for up to two years. - Reactivating an involuntarily inactive license requires 14 hours of CE in the first 12 months, or a 28-hour course in months 13-24. - Suspended and revoked statuses are disciplinary actions from FREC, unlike administrative statuses such as active or inactive. 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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