Real Estate Test Prep Webinar - Mortgage vs Trust Deed

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.

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.