Finance
Deed of Trust
A concise definition for the California Real Estate Exam study guide.
Definition
A security instrument used in California. Three parties: trustor (borrower), beneficiary (lender), trustee (holds security title). Enables non-judicial foreclosure through power of sale.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 5: Finance, Mortgages & Loan Types →