Real Estate Test Prep Webinar - Mortgage vs Trust Deed
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. ▼
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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.
Course Provider
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