Quick concept cards for the big exam themes so you can refresh the rules before drilling questions.
Agency
Fiduciary duty basics
Q: What is the core fiduciary principle for a real estate licensee representing a client?
A: Put the client’s interests ahead of the licensee’s own interests while honoring loyalty, disclosure, reasonable care, and confidentiality.
Contracts
Contract formation
Q: What makes a real estate purchase agreement generally enforceable?
A: Offer, acceptance, mutual assent to material terms, and the normal legal requirements for enforceability, typically captured in writing.
Disclosures
Material facts
Q: What should happen when a new material defect is discovered before closing?
A: It should be disclosed promptly through the proper written disclosure/update process.
Fair Housing
Protected-class screening
Q: Can a housing professional screen applicants by protected characteristics?
A: No. Screening or steering based on protected characteristics is a major fair-housing problem.
Finance
TRID basics
Q: What disclosure framework standardizes many consumer mortgage disclosures?
A: TRID under TILA and Regulation Z.
Ownership/Title/Escrow
Escrow holder role
Q: What is the escrow holder’s role in California practice?
A: A neutral stakeholder that follows the escrow instructions and coordinates funds/documents according to the agreed process.