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Real Estate Exam Prep

Real Estate Exam Prep

By: Ran Chen EA CFP®
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 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/Copyright 2026 Ran Chen, EA, CFP® Economics Education
Episodes
  • Real Estate Exam [National] 86, Assumption vs Subject To Explained

    Real Estate Exam [National] 86, Assumption vs Subject To Explained
    Apr 2 2026
    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 critical legal differences in personal liability between assuming a mortgage and taking title subject to a lien. • How the process of novation works to legally release an original seller from debt obligations. • The role of the alienation clause and why it prevents the transfer of most conventional loans. • Which government-backed loan types typically allow for assumption by a new buyer. • How to identify the correct party responsible for deficiency judgments in different foreclosure scenarios. 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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    4 mins
  • Real Estate Exam [National] 85, Mortgage Clauses Explained

    Real Estate Exam [National] 85, Mortgage Clauses Explained
    Apr 1 2026
    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: • How the acceleration clause converts a long-term debt into an immediate demand for payment upon default. • Why the alienation or due-on-sale clause is the primary barrier to mortgage assumptions by new buyers. • That the defeasance clause is the only legally required clause, ensuring the lender releases their lien after the final payment. • The financial implications of the prepayment clause and how penalties are calculated on the exam. • A simple mnemonic to distinguish between triggers for default, sale, payoff, and early payment. 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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    4 mins
  • Real Estate Exam [National] 84, Loan Qualification DTI Explained

    Real Estate Exam [National] 84, Loan Qualification DTI Explained
    Mar 31 2026
    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: - How to distinguish between front end housing ratios and back end total debt ratios. - Why lenders require gross monthly income instead of net income for all DTI calculations. - The standard qualifying percentages for conventional loans (28/36) and FHA loans (31/43). - Which monthly recurring obligations count toward the back end ratio and which expenses to ignore. - The role of the three Cs—Capacity, Capital, and Character—in the mortgage underwriting process. 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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    5 mins
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