Real Estate Exam [California] 47, Property Management and Landlord-Tenant Basics

Real Estate Exam [California] 47, Property Management and Landlord-Tenant Basics

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

July 20, 2026 · 4 min

About this episode

This episode covers essential property management and landlord-tenant regulations in California.

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'. 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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Host: Ran Chen

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Organizations: California, Open-exam-prep, YouTube Channel

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