In this real estate exam prep video we dive deep into the promissory note and mortgage concept. Students will absolutely need to understand this for their real estate license exam. I highly suggest you also watch the deed of trust video. We also discuss several key real estate terms, including:
Promissory Note –
Defeasance Clause –
Alienation Clause (a.k.a. Due-On-Sale Clause) –
Acceleration Clause – Assignment of Rents –
Best of luck with your studies…
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P.S. Nothing in this video shall be construed as legal or financial advice and is for INFORMATIONAL purposes only! Please consult with a competent attorney, financial advisor, and your broker before implementing anything you’ve learned from this video. Likewise, the issues discussed herein may not be applicable in your state or local jurisdiction.
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