EstatePass
USTeasy11% of exam

California's deed of trust involves three parties. The trustee in a deed of trust is:

Correct Answer

B) A neutral third party who holds bare legal title

In California's deed of trust system, the trustee is a neutral third party who holds bare legal title to the property as security for the loan.

Answer Options
A
The borrower
B
A neutral third party who holds bare legal title
C
The lender
D
The real estate agent

Why This Is the Correct Answer

In California's deed of trust system, the trustee is a neutral third party who holds bare legal title to the property as security for the loan.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing