Real Estate Exam [California] 47, Property Management and Landlord-Tenant 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:
- That managing property for others in California requires a real estate broker's license and all activities must be supervised by that broker.
- The strict rules for handling trust funds, including the 3-business-day deposit requirement and the prohibition of commingling.
- Key California regulations for security deposits, such as the one-month rent cap and the 21-day return period.
- The importance of complying with both federal and California's extensive fair housing laws, including the protection of additional classes like source of income.
- A landlord's non-waivable duty to maintain a habitable premises and the tenant's remedies, like 'repair and deduct'.

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