Arizona Real Estate Salesperson Exam — All Questions

In a deed of trust, the party who holds legal title in trust and can conduct a trustee's sale upon default is the:

• a.Trustor (borrower)
• b.Beneficiary (lender)
• c.Trustee✓
• d.Mortgagee

In a deed of trust, the trustee holds title in trust and, upon the borrower's default, may conduct a nonjudicial trustee's sale as directed by the beneficiary. The trustor is the borrower who conveys title, and the beneficiary is the lender secured by the deed of trust. Deeds of trust with trustee's sale are standard in Arizona.