Real Estate Exam [National] 53, Seller Agent and Buyer Agent Explained

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. This episode covers content for the National Real Estate Exam. In this episode you will learn: • The fundamental differences between representing a client versus assisting a customer. • How to apply the OLD CAR mnemonic to remember the six essential fiduciary duties. • The requirement for agency disclosure at the point of first substantive contact. • Why the duty of confidentiality persists even after a transaction has legally closed. • The distinction between fiduciary loyalty to a client and the obligation to disclose material facts to all parties. 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