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Real Estate Exam Prep

Ran Chen, EA, CFP®

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/

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  • Today · 4 min

    [Georgia Real Estate] 44, Tax Rent and Interest Prorations

    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: - How property tax prorations divide annual property tax bills between buyer and seller using a 365-day calendar. - How rent prorations calculate unearned rental income collected in advance as a seller credit to the buyer. - How mortgage interest prorations differ between accrued interest on assumed loans and prepaid interest on new buyer loans. - How attorney-conducted Georgia closings apply contractual agreements for closing day ownership. - How to apply decision rules and avoid common math traps on the Georgia real estate licensing exam. This independent study guide is designed to complement your preparation. For online practice tools and audio guides, visit https://open-exam-prep.com/practice/ga-real-estate and https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026: https://grec.state.ga.us/ , https://rules.sos.ga.gov/gac/520-1 , https://www.consumerfinance.gov/ https://www.consumerfinance.gov/owning-a-home/closing-disclosure/

  • Yesterday · 4 min

    [Georgia Real Estate] 43, Commission and Net Proceeds Calculations

    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: - Federal antitrust rules governing the negotiable nature of brokerage commission rates. - How to accurately calculate required gross sales prices based on target seller net proceeds. - Why calculating commission on the seller net amount yields an incorrect sales price. - How brokerage co-op splits and affiliated salesperson splits are calculated sequentially. - Georgia Real Estate Commission requirements for salesperson compensation through qualifying brokers. Prepare independently with AI-powered practice materials for Georgia Real Estate exam prep at https://open-exam-prep.com/practice/ga-real-estate and subscribe to video walkthroughs at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 - https://grec.state.ga.us/ - https://rules.sos.ga.gov/gac/520-1

  • Wednesday · 4 min

    [Georgia Real Estate] 42, Environmental Risks and Required Disclosures

    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: • Federal Lead-Based Paint Hazard Reduction Act requirements for target housing built prior to 1978. • CERCLA liability principles and the innocent landowner defense. • Georgia caveat emptor doctrine and seller obligations for latent defects. • BRRETA statutory disclosure requirements for real estate licensees regarding adverse material facts within one mile. • How to distinguish client confidentiality duties from statutory obligations to disclose environmental hazards. OpenExamPrep provides independent preparation materials to help candidates prepare for the Georgia real estate salesperson examination: https://open-exam-prep.com/practice/ga-real-estate and https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026: - https://rules.sos.ga.gov/gac/520-1 - https://grec.state.ga.us/

  • Tuesday · 4 min

    [Georgia Real Estate] 41, Leases Property Management and Trust Funds

    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: * Distinction between national leasehold estates and Georgia property management rules * Real estate broker authority versus salesperson duties under GREC Rule 520-1-.08 * Trust fund handling and prohibition against commingling personal and client funds * Exam scenario analysis regarding temporary deposits into personal accounts * Practical decision rule for passing trust funds directly to the holding broker Prepare for your exam with free practice questions and AI-powered explanations at https://open-exam-prep.com/practice/ga-real-estate and watch video lessons on YouTube at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://rules.sos.ga.gov/gac/520-1 https://grec.state.ga.us/

  • Monday · 4 min

    [Georgia Real Estate] 40, Fair Housing and Prohibited Discrimination

    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: - Protected classes under the Federal Fair Housing Act and the Georgia Fair Housing Act - Enforcement roles of the Georgia Commission on Equal Opportunity and the Georgia Real Estate Commission - Common prohibited fair housing practices including steering, blockbusting, and redlining - Why fiduciary duty of obedience does not apply to unlawful discriminatory instructions - How to distinguish statutory fair housing obligations from negotiated contract terms in Georgia This episode offers independent preparation resources for the Georgia Real Estate Salesperson Exam. For practice questions and study tools, visit https://open-exam-prep.com/practice/ga-real-estate and explore our video resources on YouTube at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://rules.sos.ga.gov/gac/520-1 https://grec.state.ga.us/ https://www.hud.gov/

  • Sunday · 3 min

    [Georgia Real Estate] 39, Federal Lending Disclosures and RESPA

    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: * The required TRID disclosure delivery timelines for the Loan Estimate and Closing Disclosure. * How RESPA Section 8 prohibits kickbacks, unearned fees, and gifts between settlement service providers. * Why client disclosure does not validate or legalize an impermissible referral fee or kickback. * The distinction between legal broker-to-broker referral fees and illegal payments to unlicensed individuals. * How federal lending rules interact with Georgia real estate closing practices and license laws. Master the Georgia real estate salesperson examination using independent practice materials at https://open-exam-prep.com/practice/ga-real-estate and video guides at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://www.consumerfinance.gov/ https://grec.state.ga.us/

  • Saturday · 4 min

    [Georgia Real Estate] 38, Loan Types and Borrower Qualification

    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: • Differences between conventional loans and government-backed programs like FHA, VA, and USDA • How lenders calculate front-end housing expense ratios and back-end total debt ratios • The role of PITI, credit score, and private mortgage insurance in borrower qualification • Georgia's security deed framework versus national mortgage underwriting principles • How to identify exam traps involving partial debt qualification calculations For independent study materials, visit https://open-exam-prep.com/practice/ga-real-estate and watch video lessons at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://www.consumerfinance.gov/ https://www.hud.gov/

  • October 30 · 4 min

    [Georgia Real Estate] 37, Comparable Sales and Valuation Methods

    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: - How to make adjustments to comparable properties in the Sales Comparison Approach. - The CBS and CIA decision rules for adding or subtracting feature values. - A concrete Georgia scenario illustrating calculations for superior and inferior comparables. - Why adjusting the subject property is an exam trap and how to identify incorrect distractor choices. - How national valuation principles differ from Georgia regulations regarding Comparative Market Analyses. Prepare independently for your licensing exam with practice resources at https://open-exam-prep.com/practice/ga-real-estate and video tutorials at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://grec.state.ga.us/ https://rules.sos.ga.gov/gac/520-1

  • October 29 · 3 min

    [Georgia Real Estate] 36, Appraisal Principles and Value

    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: - How to distinguish market value, market price, and construction cost on the exam. - The four economic characteristics of value represented by the DUST mnemonic. - Key appraisal principles including highest and best use, substitution, and contribution. - Why spending money on property improvements does not equal automatic value creation. - Georgia regulatory distinctions between salesperson CMAs and formal appraisals under GREAB. For independent practice questions, study guides, and video lessons for the Georgia real estate exam, visit https://open-exam-prep.com/practice/ga-real-estate and https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026: https://grec.state.ga.us/ and https://rules.sos.ga.gov/gac/520-1 .

  • October 28 · 4 min

    [Georgia Real Estate] 35, Deeds Title Insurance and Recording

    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: * Essential national deed elements versus Georgia execution rules requiring two attesting witnesses including an official witness. * How Georgia's race-notice recording statute under O.C.G.A. Section 44-2-1 determines title priority among competing buyers. * Why an unrecorded and unattested deed still transfers legal title between the grantor and grantee. - How owner's and lender's title insurance protect different interests, subject to policy terms. * A simple decision rule for deed validity, recording requirements, and race-notice priority on exam day. This independent study resource helps candidates prepare for the Georgia real estate salesperson exam. Practice questions available at https://open-exam-prep.com/practice/ga-real-estate and video lessons at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 - https://law.justia.com/codes/georgia/2025/title-44/chapter-2/article-1/part-1/section-44-2-1/ - https://grec.state.ga.us/ https://law.justia.com/codes/georgia/title-44/chapter-5/article-2/section-44-5-30/

  • October 27 · 5 min

    [Georgia Real Estate] 34, Zoning Land Use and Government Powers

    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: - The four fundamental government powers over real property represented by the PETE acronym. - How local zoning ordinances, variances, and nonconforming uses operate under governmental police power. - The statutory requirements of the Georgia Zoning Procedures Law regarding public notice and hearings. - How Georgia calculates property tax assessed value at forty percent of fair market value. - The key distinctions between eminent domain condemnation and non-compensable police power land use regulations. OpenExamPrep is an independent learning platform and is not affiliated with or endorsed by GREC or PSI. Practice for your exam at https://open-exam-prep.com/practice/ga-real-estate and subscribe on YouTube at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://rules.sos.ga.gov/gac/520-1 https://grec.state.ga.us/ https://dor.georgia.gov/

  • October 26 · 4 min

    [Georgia Real Estate] 33, Liens Easements and Encumbrances

    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: • The definition of encumbrances and how liens differ from non-monetary encumbrances. • Priority rules for ad valorem property tax liens under Georgia statutory law. • Strict Georgia recording deadlines and enforcement rules for mechanics liens. • Differences between easements appurtenant and easements in gross. • Exam-relevant traps concerning voluntary versus involuntary real estate liens. This independent prep episode helps candidates master Georgia real estate licensing exam requirements. Access practice questions at https://open-exam-prep.com/practice/ga-real-estate and video tutorials on YouTube at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 • https://rules.sos.ga.gov/gac/520-1 • https://grec.state.ga.us/

  • October 25 · 4 min

    [Georgia Real Estate] 32, Legal Descriptions and Boundaries

    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: - The legal requirements for property descriptions in Georgia real estate contracts and deeds - Differences between national boundary systems and Georgia land lot and district references - How metes and bounds descriptions use points of beginning, bearings, and distances to close boundary loops - How recorded subdivision plat references incorporate legal maps into contracts and deeds - How to check whether a description or recorded reference sufficiently identifies the particular land. For independent study resources and practice questions for the Georgia real estate exam, visit https://open-exam-prep.com/practice/ga-real-estate and check out https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://rules.sos.ga.gov/gac/520-1 https://grec.state.ga.us/ https://law.justia.com/codes/georgia/title-44/chapter-5/article-2/section-44-5-30/

  • October 24 · 4 min

    [Georgia Real Estate] 31, Real Property Fixtures and Trade Fixtures

    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: - The legal definitions distinguishing real property fixtures from personal property and trade fixtures. - The five criteria of the MARIA framework used on national real estate licensing exams. - How trade fixtures remain tenant personal property when installed for business operations. - Georgia real estate contract practices regarding explicit written agreements for fixtures. - Key exam traps involving physical attachment versus commercial tenant intent. OpenExamPrep provides free independent study resources to help candidates prepare for real estate licensing exams. Explore practice tools at https://open-exam-prep.com/practice/ga-real-estate and video tutorials at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 - https://grec.state.ga.us/ - https://rules.sos.ga.gov/gac/520-1

  • October 23 · 3 min

    [Georgia Real Estate] 30, Georgia Property Taxes and Assessments

    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: • How Georgia defines ad valorem property taxes and the statutory assessment ratio. • How to calculate assessed value using Georgia's forty percent assessment multiplier. • How millage rates are expressed and applied to determine annual property tax bills. • Key exam traps involving full market value calculations versus assessed value calculations. • The distinction between January first statutory tax liens and contract tax prorations at closing. Prepare for your exam with our independent practice questions and resources at https://open-exam-prep.com/practice/ga-real-estate and https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://dor.georgia.gov/property-tax-valuation https://rules.sos.ga.gov/gac/520-1

  • October 22 · 4 min

    [Georgia Real Estate] 29, Closing Roles and Settlement Documents

    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: * Federal TRID guidelines requiring the Closing Disclosure at least three business days prior to consummation. * The Georgia statutory rule requiring a licensed attorney to conduct real estate closings and conveyances. * Why the closing attorney in a financed transaction legally represents the lender, not the buyer or seller. * Key exam traps involving closing fee payment, private contract agreements, and non-attorney settlement agents. * The scope of salesperson responsibilities and limitations at the closing table. This independent study resource is created to help candidates prepare for the Georgia real estate licensing examination and is not affiliated with or endorsed by any government entity or licensing commission. https://open-exam-prep.com/practice/ga-real-estate https://www.youtube.com/@Open-exam-prep Sources checked: September 14, 2026 https://rules.sos.ga.gov/gac/520-1 https://www.consumerfinance.gov/

  • October 21 · 4 min

    [Georgia Real Estate] 28, Security Deeds and Financing Basics

    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: * Distinction between a promissory note and a security instrument in real estate financing. * Georgia security deed principles where the borrower transfers legal title to the lender. * How equitable title preserves the borrower's rights of occupancy and possession. * Non-judicial foreclosure mechanics enabled by a contractual power-of-sale clause. * Deed cancellation procedures that reconvey full legal title back to the borrower upon payoff. For independent practice questions and additional study tools, visit https://open-exam-prep.com/practice/ga-real-estate and subscribe on YouTube at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 * Georgia Real Estate Commission: https://grec.state.ga.us/ * Rules and Regulations of the State of Georgia (520-1): https://rules.sos.ga.gov/gac/520-1 * Consumer Financial Protection Bureau: https://www.consumerfinance.gov/

  • October 20 · 4 min

    [Georgia Real Estate] 27, Georgia Ownership and Property Rights

    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: - Key differences between national property rights principles and Georgia property ownership laws. - Why tenancy in common serves as Georgia's statutory default for concurrent ownership. - How joint tenancy with right of survivorship must be expressly created in Georgia deeds. - Unit ownership structures established under the Georgia Condominium Act. - A decision rule to evaluate co-ownership questions correctly on the salesperson exam. OpenExamPrep provides independent study tools to help candidates master real estate principles. Practice online at https://open-exam-prep.com/practice/ga-real-estate or subscribe on YouTube at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://grec.state.ga.us/ https://law.justia.com/codes/georgia/

  • October 19 · 4 min

    [Georgia Real Estate] 26, Records Signatures and Document Delivery

    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: • The Georgia Real Estate Commission rule requiring immediate delivery of signed documents to signers. • Document distribution requirements for fully executed contracts to parties and brokerage firms. • Mandatory inclusion of six-digit Georgia license numbers on contracts and brokerage engagements. • The mandatory three-year broker record retention requirement under GREC rules. • How to avoid exam traps regarding document delivery timing and retention periods. For independent study materials, practice questions, and video guides, visit https://open-exam-prep.com/practice/ga-real-estate and https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026: https://rules.sos.ga.gov/gac/520-1 https://grec.state.ga.us/

  • October 18 · 4 min

    [Georgia Real Estate] 25, Contract Defaults and Remedies

    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: * Key differences between national contract remedies and Georgia trust account rules. * How earnest money functions as liquidated damages upon buyer default. * The legal procedures for handling escrow disputes and filing an interpleader action. * Common exam traps regarding broker authority and disbursement of disputed funds. * A simple L-I-M-S decision rule to memorize contract default remedies for exam day. Prepare for your exam independently with free practice tools at https://open-exam-prep.com/practice/ga-real-estate and watch video lessons at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://rules.sos.ga.gov/gac/520-1 https://grec.state.ga.us/

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