Dive into a comprehensive 52-minute real estate exam preparation webinar covering crucial topics such as promissory notes, mortgages, trust deeds, and various types of agency. Explore the historical origins of mortgages, understand the differences between mortgagors and mortgagees, and learn about the security measures lenders employ. Delve into the concepts of trustor, trustee, and beneficiary, as well as the distinctions between general and special agency. Examine the role of real estate licensees as general agents in property management, and grasp the concept of implied agency. Conclude by mastering the four essential elements of value: demand, utility, scarcity, and transferability. Enhance your real estate knowledge and boost your exam readiness with this informative webinar.
Overview
Syllabus
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.
Taught by
Prep Agent
Reviews
5.0 rating, based on 2 Class Central reviews
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I liked how he explained it simple for better understanding because in the textbook it uses big words that hard to understand. He made a session in the textbook faster to understand and quicker
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I like how detail the couse is and truly help me gaining more knowledge as real estate professional. I will definitely recommend this course to anyone that is new in real estate.
