Real Estate Exam [National] 56, Transaction Broker 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 a non-agent transaction broker and a fiduciary agent. • Why transaction brokers are considered neutral facilitators rather than advocates for a specific party. • The essential duties that remain mandatory for non-agents including honesty and material defect disclosure. • How to distinguish between providing factual information and offering professional advice on the exam. • Common pitfalls involving the confusion between transaction brokerage and dual agency. 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