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

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

From Real Estate Exam Prep by Ran Chen, EA, CFP®

July 14, 2026 · 4 min

About this episode

This episode covers the Transfer Disclosure Statement and the duties of agents regarding visual inspections in California real estate.

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. 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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