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Real Estate Test Prep Webinar - Mortgage vs Trust Deed

Get 25% off PrepAgent's Exam Prep!! https://bit.ly/PAYoutubeCoupon In this Real estate exam webinar we go over the Promissory notes, Mortgage, Trust deeds, different types of Agency and so much more. 0:00 Introduction 0:28 Knowing the difference between trust deeds and mortgages and promissory notes 1:14 The first promissory note in the world! 6:30 What is a lien? 12:54 There are two parties to a mortgage: the mortgagor (the borrower) the mortgagee (the lender). 14:33 What security does the lender have once they give the money to the borrower? 16:42 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. 22:28 Trustor Trustee Beneficiary 35:51 General Agency? Special Agency? 38:33 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. 40:17 Implied agency- occurs from actions of the parties 44:19 What are the 4 essential elements of value? 46:53 Demand Utility Scarcity Transferability