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Real Estate Test Prep Webinar - Mortgage vs Trust Deed

Learners: 17

Instructor: Prep Agent

Duration: 1.00

This webinar provides an introduction to the differences between trust deeds, mortgages, and promissory notes. It explains the concept of a lien and the two parties involved in a mortgage. It also covers the history of the first promissory note in the world. Participants will gain a better understanding of these topics.▼▲

Course Feature Course Overview Course Provider

Go to class

Course Feature

Cost:

Free

Provider:

Youtube

Certificate:

Paid Certification

Language:

English

Start Date:

On-Demand

Course Overview

❗The content presented here is sourced directly from Youtube platform. For comprehensive course details, including enrollment information, simply click on the 'Go to class' link on our website.

Updated in [February 21st, 2023]

Introduction.
Knowing the difference between trust deeds and mortgages and promissory notes.
The first promissory note in the world!.
What is a lien?.
There are two parties to a mortgage: the mortgagor (the borrower) the mortgagee (the lender)..
What security does the lender have once they give the money to the borrower?.
The word "mortgage" comes from the French "mort-gage", literally death- pledge. The French peasants were working until they died for the privilege of owning a house..
Trustor Trustee Beneficiary.
General Agency? Special Agency?.
A general agent is authorized by the principal to perform any and all acts associated with the on- going operation of the job or business. A real estate licensee acting in the capacity of a property manager is a general agent to the owner..
Implied agency- occurs from actions of the parties.
What are the 4 essential elements of value?.
Demand Utility Scarcity Transferability.