What is Deed of Trust? | REAL-ESTATE-SALESPERSON Exam Prep

A deed of trust is a security instrument used instead of a mortgage in some states, involving three parties: the borrower (trustor), lender (beneficiary), and neutral third party (trustee) who holds legal title until the loan is paid. 📚 Learn more about Deed of Trust and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Deed of Trust definition: https://www.open-exam-prep.com/glossary/deed-of-trust 💡 Exam Tip: Deed of trust = 3 parties (trustor/borrower, beneficiary/lender, trustee). Mortgage = 2 parties. Deed of trust uses non-judicial foreclosure (faster)! --- #real-estate #examprep #financeexam #real-estate-salesperson