Real Estate Exam [California] 41, Transfer Disclosure Statement and Visual Inspection

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 Transfer Disclosure Statement (TDS) is the seller's duty to disclose all KNOWN material facts for residential 1-4 unit properties.
- An agent's duty to conduct a diligent visual inspection is separate and independent from the seller's disclosure duties.
- Agents must disclose all material facts and 'red flags' they observe in reasonably accessible areas of the property.
- Even if a seller is exempt from providing a TDS (e.g., in a foreclosure), the agent is NEVER exempt from their visual inspection duty.
- The standard of care is what a reasonably prudent licensee would observe and disclose, not that of a home inspector.

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