Real Estate Test Prep Webinar - Mortgage vs Trust Deed

Real Estate Test Prep Webinar - Mortgage vs Trust Deed

Prep Agent via YouTube Direct link

Demand Utility Scarcity Transferability

13 of 13

13 of 13

Demand Utility Scarcity Transferability

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Real Estate Test Prep Webinar - Mortgage vs Trust Deed

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  1. 1 Introduction
  2. 2 Knowing the difference between trust deeds and mortgages and promissory notes
  3. 3 The first promissory note in the world!
  4. 4 What is a lien?
  5. 5 There are two parties to a mortgage: the mortgagor (the borrower) the mortgagee (the lender).
  6. 6 What security does the lender have once they give the money to the borrower?
  7. 7 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.
  8. 8 Trustor Trustee Beneficiary
  9. 9 General Agency? Special Agency?
  10. 10 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…
  11. 11 Implied agency- occurs from actions of the parties
  12. 12 What are the 4 essential elements of value?
  13. 13 Demand Utility Scarcity Transferability

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